Rox Resources Identifies High Priority Mt Fisher-Mt Eureka Gold Targets

THE DRILL SERGEANT: Rox Resources (ASX: RXL) will have an orderly queue forming at its booth at the RIU Explorers Conference this morning after announcing results from recently completed geophysical Gradient Array Induced Polarisation (GAIP) surveys at the company’s Mt Fisher and Mt Eureka projects in Western Australia.

Rox owns 100 per cent of the Mt Fisher gold project and the 51 per cent gold rights (rights to earn up to 75%) of the Mt Eureka gold project, both of which are located in the Northern Goldfields of WA.

The projects are at an advanced exploration stage with an existing gold Mineral Resource of 187,000 ounces of gold defined at Mt Fisher – Mt Eureka with much exploration upside identified across the broader tenement package.

Rox completed six Gradient Array Induced Polarisation (GAIP) geophysical surveys at the projects.

Each of the GAIP surveys were designed to advance the project exploration pipeline by defining potential sulphide-rich chargeability anomalies that represent drill-ready targets along the known gold mineralised trends.

The geophysical surveys identified multiple walk-up drill targets, located along strike from known gold mineralised trends that are characterised by high-sulphide content consistent with the causative geology of GAIP anomalies.

“The geophysical surveys conducted recently at Mt Fisher and Mt Eureka have highlighted a number of walk-up drill targets,” Rox Resources managing director Robert Ryan said in the company’s ASX announcement.

“The surveys have detected potential sulphide-bearing structures, which could host gold mineralisation as seen elsewhere in the tenement package.

“The 1,150 square kilometres tenement package represents a district-scale exploration opportunity for both gold and nickel sulphides, that Rox will continue to advance in order to generate value for our shareholders.”