Rox Resources identifies Camelwood nickel targets
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has completed a detailed analysis of regional data sets on the company’s recently-discovered Camelwood nickel sulphide deposit at Fisher East, located 500 kilometres north of Kalgoorlie in Western Australia.
According to Rox the latest work has enabled it to identify a number of additional high-priority nickel sulphide drill targets at Camelwood.
“Our first exploration program at Fisher East discovered the Camelwood nickel sulphide deposit, and with the number of high-quality targets identified by our team the chances of further discoveries are high as some of these targets show very similar features to our initial work at Camelwood,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.
“With very limited regional work done to date, it is likely that Fisher East is a nickel sulphide field, not just one isolated deposit, which is an intriguing and very exciting possibility.”
The work was carried out using a combination of recently-flown airborne magnetic survey data, a compilation of historic geochemical sampling (auger soils) undertaken in the 1970’s, and field prospecting and re-analysis of old RAB holes.
The result from all this is a number of excellent nickel sulphide drill targets have been developed, which display strong nickel-in-soil anomalism and/or anomalous values in historic RAB holes.
Rox explained these targets had not been previously analysed for nickel, and align with the prospective ultramafic horizon the company has identified from magnetics and a reinterpretation of earlier VTEM.
In some places the historic RAB chips are gossanous in nature and also record nickel analyses at a similar level to those initially found at the Camelwood discovery.
The company indicated its first stage of exploration will consist of RAB drilling over the targets followed up by either reverse circulation or diamond drilling.
At Diggers & Dealers last week Rox Resources announced encouraging drilling results from the first hole from the Teena prospect located on the company’s Reward zinc project in the Northern Territory.