Rox Resources highly-encouraged by recent Fisher East drilling results

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported it is making encouraging progress with an exploration drilling program being undertaken at the company’s Fisher East nickel project north of Kalgoorlie in Western Australia.

Rox has completed the first stage of aircore drilling with 67 holes drilled to confirm targets which will be followed up by RC or diamond drilling.

At the Sabre prospect 5 metres at 1.08 per cent nickel was intersected from 74m, which Rox declared to be the best aircore result it has achieved on the whole Fisher East project so far.

A number of other encouraging aircore results were received from drilling concentrated at the Cutlass prospect, and the newly defined Sabre and Tomahawk prospects.

Results include:

FEAC277 Sabre
6 metres at 0.45 per cent nickel from 47m, including 2m at 0.58 per cent nickel from 50m;

FEAC278 Sabre
15m at 0.63 per cent nickel from 72m, including 5m at 1.08 per cent nickel from 74m;

FEAC289 Tomahawk
5m at 0.32 per cent nickel from 66m, and 6m at 0.43 per cent nickel from 74m;

FEAC291 Sabre
4m at 0.31 per cent nickel from 60m;

FEAC293 Sabre
6m at 0.4 per cent nickel from 65m;

FEAC301 Tomahawk
10m at 0.25 per cent nickel from 46m;

FEAC302 Tomahawk
11m at 0.26 per cent nickel from 30m;

FEAC322 Cutlass
4m at 0.28 per cent nickel from 70m;

FEAC335 Cutlass
4m at 0.23 per cent nickel from 22m; and

FEAC339 Corktree
24m at 0.27 per cent nickel from 40m.

Rox has completed four diamond drill holes, two at the Musket deposit, and two at the Cannonball prospect.

Assays are pending for these holes.

“Despite unsettled weather in the northern Goldfields during March, which delayed all of our programs, we have been able to successfully complete the first stage of our aircore drilling program, with some outstanding results,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“These include the already reported, highly anomalous copper, platinum and palladium results over a strike length of 200 metres at the Sabre prospect, which are by far the best we’ve reported from the whole Fisher East project to date.

“The nickeliferous gossan drilled at Sabre is indicative of nickel sulphide mineralisation at depth.

“In addition, we have now completed four diamond holes, two at Musket and two at Cannonball, with encouraging visual results, although assays are still pending.

“The RC drilling at Cannonball has also continued to define strong mineralisation at shallow depths, and we are excited about moving the RC rig down to Sabre and Tomahawk to test the new aircore anomalies we have defined.

“Finally, the airborne magnetic survey, and the VTEM, when completed, will enable us to assess and prioritise the targets on the newly acquired Option tenement, E53/1802, which we believe has the potential to host further nickel sulphide mineralisation.”

Email: admin@roxresources.com.au

Website: www.roxresources.com.au