THE DRILL SERGEANT: Rox Resources (ASX: RXL) declared the best drilling results achieved to date from a drilling campaign underway at the Youanmi gold project in Western Australia.
The Youanmi gold project (OYG JV) is a Joint Venture with Venus Metals Corporation (ASX: VMC).
Rox Resources has completed over 9,000 metres of drilling that it has received results for around 75 per cent.
Results received from Youanmi South drilling include:
12 metres at 12.7 grams per tonne gold from 80m;
12m at 8.5g/t gold from 44m;
4m at 11.2g/t gold from 110m; and
4m at 7.6g/t gold from 76m
Drilling at Plant Zone has defined shallow, potential base load mill feed, with new results showing continuations to shallow mineralisation including:
4m at 5.6g/t gold from 24m;
30m at 1g/t gold from 96m; and (depth continuation)
14m at 1.7g/t gold from 70m. (depth continuation)
Rox said its understanding of controls on mineralisation at Youanmi is rapidly increasing and as a result its targeting methodology has improved markedly as demonstrated by these results.
The company is looking forward to potentially translating this into strong resource growth at the project.
The RC drill program is ongoing and will continue into October, with resource estimation work to follow.
The company is testing both new conceptual targets that it considers to have the potential to open up new areas of mineralisation and drilling out positions of the Youanmi gold deposits or areas where it believes there is potential for repeats.