Rox Resources Reports High-Grade Drilling Results

THE DRILL SEARGENT: Rox Resources (ASX: RXL) reported new assay results from ongoing resource development drilling at the company’s Youanmi gold project Joint Vebture with Venus Metals near Mt Magnet in Western Australia.

Rox Resources reported the latest assays from an ongoing resource development and near-mine exploration drilling program that is focused on the high-priority Link and Kathleen areas of the project, designed to convert Inferred Resources to the higher confidence Indicated Resource classification.

Results include:

RXDD068
6.38 metres at 4.45 grams per tonne gold from 381.84m, including 2.56m at 8.26g/t gold from 381.84m;

RXDD077
4m at 5.67g/t gold from 257m;

RXDD078
5.96m at 5.34g/t gold from 314.21m; and

RXDD083
4.21m at 5.21g/t gold from 303.86m.

The company said the results generated by in-fill drilling were continuing to build its confidence in the resource inventory at Youanmi, while also providing further clear evidence of the potential for deeper extensions of the deposit which could be targeted by future underground drilling.

“We are very pleased with the outcomes of the in-fill program, which continues to deliver grades and widths in line with the current geological interpretations,” Rox Resources managing director Robert Ryan said in the company’s ASX announcement.

“This reinforces the continuity and endowment of the deposit, and supports our strategy to upgrade the Inferred portions of the current Mineral Resource to the higher-confidence Indicated category.

“The current batch of assays includes the deepest holes drilled to date at Link at 475 metres below surface.

“This highlights the significant potential for future resource extensions at depth, especially considering that high-grade mineralisation has been intersected on the main lode at 970 metres below surface.

“Assays are still pending from the recent diamond drilling programs at Link and Paddy’s Lode and, with an important phase of RC drilling currently underway at Paddy’s Lode targeting shallow extensions of the discovery and potential supergene mineralisation, investors can look forward to continued strong news-flow over the coming weeks.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE