Rox Resources identifies new Fisher East nickel prospects
THE DRILL SERGEANT: Rox Resources (ASX: RXL) has identified a number of new nickel sulphide targets at the company’s Fisher East nickel sulphide project, located 500 kilometres north of Kalgoorlie in Western Australia.
The new targets were identified during a recent drilling program of 191 aircore holes.
Fisher East ultramafic belt – prospect locations over interpreted geology. Source: Company announcement
“The number of high-quality targets identified by this drilling augurs well for the chances of further nickel sulphide discoveries,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.
“Some of the targets show similar or even higher values compared to our initial RAB drilling results that resulted in the Camelwood discovery, particularly Cannonball, where the new discovery of massive nickel sulphides is very exciting.
“The anomalies also show elevated levels of copper, platinum, palladium and gold, which indicate a magmatic source for the nickel.”
The target that has grabbed Rox’s attention is the Cannonball, located around 500 metres south of the Camelwood deposit.
The Cannonball prospect has been defined by six lines of aircore drilling, two of which FEAC149 and FEAC160intersected massive nickel sulphides.
Drill result highlights from Cannonball include:
Hole FEAC149
11 metres at 1.27 per cent nickel, 1723ppm copper, 773ppb platinum-palladium-gold (PGE) from 56m, including 3m at 3.42 per cent nickel, 1585ppm copper, 1077ppb PGE from 62m, including 1m at 5.83 per cent nickel from 62m;
Hole FEAC160
14m at 0.77 per cent nickel, 641ppm copper, 605ppb PGE from 77m in, including 5m at 1.35 per cent nickel, 1121ppm copper, 1214ppb PGE from 81m;
Hole FEAC159
12m at 0.37 per cent nickel, 214ppm copper, 71ppb PGE from 56m; and
Hole FEAC152
3m at 0.38 per cent nickel, 327ppm copper, 169ppb PGE from 80m.
Rox said the high levels of nickel, copper and PGE present at Cannonball make it an immediate high-priority drill target.
Other targets include three within the Emu Bush prospect trend is located about 2.5km to the west of Camelwood.
Drilling at Emu Bush North returned:
Hole FEAC032
8m at 0.46 per cent nickel, 8ppm copper, 5ppb PGE from 12m;
Hole FEAC114
10m at 0.23 per cent nickel, 15ppm copper, 18ppb PGE from 20m; and
Hole FEAC115
6m at 0.27 per cent nickel, 16ppm copper, 15ppb PGE from 23m.
This area also recorded the highest gold value of 1.74g/t gold from 43m depth in hole FEAC114.
Emu Bush Central, a prospect with coincident geochemical and VTEM anomalies, returned:
Hole FEAC051
2m at 0.14 per cent nickel, 195ppm copper, 47ppb PGE from 30m.
Hole FEAC004 also recorded 3m at 0.06 per cent nickel, 0.16 per cent copper, 0.25 per cent zinc from 65m depth, with zinc and copper relict sulphides evident.
Drilling at Emu Bush South returned:
Hole FEAC091
5m at 0.19 per cent nickel, 102ppm copper, 38ppb PGE from 20m.
The Twinleaf prospect trend lies about 1.5km north-west of the Camelwood nickel sulphide deposit.
It has been defined by eight lines of aircore drilling over a 3km strike length with drill result highlights of:
Hole FEAC037
12m at 0.3 per cent nickel, 24ppm copper, 19ppb PGE from 25m;
Hole FEAC056
20m at 0.27 per cent nickel, 67ppm copper, 21ppb PGE from 10m;
Hole FEAC082
4m at 0.48 per cent nickel, 57ppm copper from 29m;
Hole FEAC128
14m at 0.49 per cent nickel, 33ppm copper, 15ppb PGE from 11m; and
Hole FEAC129
10m at 0.44 per cent nickel, 46ppm copper, 26ppb PGE from 22m.
The Red Mulga prospect trend is located about 4.5km south of the Corktree prospect, and Rox considers it to be an extension of the Camelwood ultramafic unit (or equivalent).
It is defined by two lines of aircore drilling over about a 1km strike length, with results including:
Hole FEAC183
5m at 0.13 per cent nickel, 44ppm copper, 25ppb PGE from 15m; and
Hole FEAC184
5m at 0.22 per cent nickel, 98ppm copper, 33ppb PGE from 15m.
Rox indicated it would select a list of high-priority targets from the latest drilling as soon as possible, with the timing depending on the availability of drilling rigs.
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