THE DRILL SERGEANT: Rox Resources (ASX: RXL) released results of an air core drilling program undertaken at the company’s VMC Joint Venture, located north of the historical Penny West gold mine and the historical Magenta and Columbia gold prospects in Western Australia.
The VMC Joint Venture between Rox and Venus Metals Corporation Limited (ASX: VMC) and is part of the wider Youanmi gold project.
Rox is earning a 50 per cent interest in the gold rights of the tenements comprising the JV, VMC is the manager.
The recent air core (AC) drilling program was designed to follow up on strongly anomalous lead-zinc-copper trends associated with anomalous gold identified during initial AC drilling that was announced in October.
Results from this second round of AC drilling include:
4 meters at 7.02 grams per tonne gold from 24m; and
5m at 2.41g/t gold from 60m to EOH.
4m at 0.94g/t gold from 32m.
Rox Resources said the gold mineralisation encountered in VRAC151 is open at depth and along strike and is located along an approximately north-northwest trending gold-anomalous zone close to the Youanmi Shear Zone and approximately five kilometres north of the historical Penny West gold mine.
“These air core results build on the growing recognition of the gold endowment of the Youanmi belt and importantly feed into our regional understanding of controls on mineralisation,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.
“Impressively this intersection has identified a potential new corridor of mineralisation.”