Rox Resources Encounters Thick Disseminated Nickel Sulphides at Olympia North

THE DRILL SERGEANT: Rox Resources (ASX: RXL) announced the intersection of thick disseminated nickel sulphides from RC drilling recently completed at the company’s Collurabbie project north of Laverton in Western Australia.

Rox Resources carried out the four-hole drilling program to follow-up strong nickel-copper-platinum-palladium aircore drilling anomalies it had recently defined at the Olympia North and Ortus prospects.

Rox declared the new results confirm the presence of nickel sulphides at Olympia North and that the ultramafic belt there is fertile for nickel sulphide mineralisation.

The company has traced this horizon for over 15 kilometres along strike and its analysis shows very little previous exploration along it.

Thick intersections of disseminated nickel sulphides were intersected, including:

CXRC001
32 metres at 0.48 per cent nickel, 0.28 per cent copper, 0.03 per cent cobalt, 218ppb platinum, 347ppb palladium from 64m; and

CXRC003
5m at 0.63 per cent nickel, 0.3 per cent copper, 0.03 per cent cobalt, 239ppb platinum, 422ppb palladium from 76m.

A third hole at Olympia North encountered a porphyry intrusion and the nickel sulphide interval was stoped out.

The hole drilled at the Ortus prospect did not intersect any nickel sulphides.

“We are encouraged by the results from Olympia North because they confirm that a fertile ultramafic belt for nickel sulphides exists, extending north from our Olympia deposit through Olympia North and beyond for up to 15 kilometres,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.”

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Website: www.roxresources.com.au