Rox Resources Extends Fisher East Nickel

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) declared continued positive progress following a recently-completed diamond drill program at the company’s Fisher East project in the North Eastern Goldfields region of Western Australia.

Rox Resources said the drilling program tested deeper targets at the Sabre prospect and the Camelwood and Musket deposits.

Four of the five drill holes were also surveyed by Downhole EM (DHEM).

Rox reported the results from hole MFED076 at Camelwood show high-grade nickel sulphide mineralisation continues at least 100 metres deeper than previous drilling had indicated.

In addition, the DHEM results showed the possibility of mineralisation extending down dip to the south.

The drill hole was partially funded under the WA Government Exploration Incentive Scheme (EIS).

Assay results from hole MFED076 include:

7.7 metres at 1.4 per cent nickel from 693.3m, within semi-massive and disseminated sulphides, including 1.4m at 2.9 per cent nickel from 693.3m.

The drill hole at Musket intersected a brecciated and faulted zone where an intrusive porphyry may have disrupted the mineralised zone.

There is a strong off hole DHEM conductor, which Rox said could indicate a new mineralised zone and warrants drill testing.

Assay results from MFED079 include:

0.13m at 2.3 per cent nickel from 519.0m, within a nickel sulphide stringer;

0.5m at 4.7 per cent nickel from 522.5m, within matrix sulphides;

0.1m at 2.6 per cent nickel from 606.1m, within a nickel sulphide stringer; and

0.2m at 2.6 per cent nickel from 607.1m, within a nickel sulphide stringer.

Drilling at Sabre was designed to test the deeper portions of a conductive EM plate defined from ground surveys below previous RC drill intercepts.

The drill holes interested a mineralised zone of variable thickness, containing semi-massive and disseminated nickel sulphides.

Small, but strong DHEM conductors were detected adjacent to holes MFED075 and 077.

Assay results were:

MFED075
2m at 1 per cent nickel from 315.5m, within semi-massive and disseminated sulphides;

MFED077
4.8m at 1.2 per cent nickel from 330m, within semi-massive and disseminated sulphides; and

MFED078
2.3m at 2.4 per cent nickel from 337.3m, within semi-massive and disseminated sulphides, including 0.7m at 3.7 per cent nickel from 338.2m.

“The deeper diamond drilling has indicated that the Camelwood, Musket and Sabre mineralised zones do continue at depth,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“There are strong off hole EM conductors at all deposits that are worth following up.

“Our Mineral Resources at Fisher East are 2.04 million tonnes at 2.5 per cent nickel (at a 1.5% nickel cut-off) for 50,600 tonnes of contained nickel…and we are confident of adding to these resources as we continue to explore and test new targets and drill deeper holes at known deposits.”

Email: admin@roxresources.com.au

Website: www.roxresources.com.au