THE DRILL SERGEANT: Rox Resources (ASX: RXL) announced encouraging drilling results from the Youanmi gold project in Western Australia.
Rox Resources and Joint Venture partner Venus Metals Corporation (ASX: VMC) announced the results following completion of over 7,000 metres of drilling, from which it has received results for around half of this amount.
Rox indicated that although the current turnaround around time from drill hole to validated assay result is running at up to 3 weeks, the RC drill program is ongoing and will continue through September and has been extended into October.
This is the first major and systematic exploration program carried out at the site since 1997 with Rox is testing both: (1) new conceptual targets that have the potential to open up new areas of mineralisation and (2) drilling out positions of the Youanmi gold deposits or areas where the JV considers there is potential for repeats.
“We are very pleased with these initial results from Rox’s maiden drilling program at Youanmi gold project,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.
“The high-grade results from the Youanmi South prospect were a very positive surprise.
“This prospect is interpreted to be a new zone of mineralisation at the southern end of the Younami granite which opens up a large new area for exploration.
“Drilling at Commonwealth Prospect (a previously untested historical gold occurrence) has started to delineate a high-grade plunging shoot which is open to along strike and down plunge to the south.”
Drilling at the Youanmi gold project intersected new gold mineralisation at Youanmi South and Commonwealth prospects including:
2 metres at 23.67 grams per tonne gold from 76m; (Commonwealth)
4m at 6.57g/t gold from 64m; and (Commonwealth)
4m at 8.17g/t gold from 96m. (Youanmi South)
Extensions to near mine mineralisation have been delineated within dilational zones along Youanmi Main lode Shear Zone.
Best intersections include:
5m at 5.59g/t gold from 81m, including an intersection of 1m @ 23 g/t Au; and (United North)
9m at 3.77g/t gold from 58m, including an intersection of 5m at 5.93g/t gold. (United North)