Rox Resources encounters copper at new prospects

THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported further high-grade copper results from recent reverse circulation (RC) drilling undertaken at the company’s Bonya copper project, located east of Alice Springs in the Northern Territory.

The drilling was undertaken at the Bonya Mine prospect to follow up drilling results from last December (38m at 4.4 per cent copper) and two new prospects, Green Gully and Green Hoard.

Three holes were drilled at Green Gully with one hole returning an encouraging:

2 metres at 3.2 per cent copper from 29m.

Drilling at the Bonya Mine prospect returned mineralised intersections throughout the entire length of the drill hole which ended in mineralisation:

5m at 1.6 per cent copper from 79m;

4m at 1.8 per cent copper from 87m;

4m at 2.3 per cent copper from 125m; and

6m at 2.6 per cent copper from 140m.

“We are excited to be continuing to drill copper mineralisation at Bonya,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“Not only have we continued to drill high-grade copper sulphide mineralisation at the Bonya Mine prospect, but the new intersection at the Green Gully prospect indicates a totally new area of copper mineralisation.

“It’s still early days exploration-wise at Bonya.

“Our work so far has concentrated on locating prospects for drilling, and these excellent results so early on in the exploration program are very exciting.”

Rox has a 51 per cent interest in the Bonya tenement and has elected to increase that interest to 70 per cent by spending $1 million by December 2016.

Approximately $200,000 has been invested towards that expenditure requirement.