Rox Resources resumes results run at Fisher East

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THE DRILL SERGEANT: Rox Resources’ (ASX: RXL) success with the drill bit has continued with some highly-agreeable assay results emerging from a recent Reverse Circulation (RC) drilling program at the company’s Fisher East nickel sulphide project, north of Kalgoorlie in Western Australia.

The 14 hole RC drilling program was designed to sharpen the company’s definition of the high-grade zones at its nickel sulphide discoveries at Musket and Cannonball, along the strike of the Camelwood ultramafic unit.

 

Cannonball-Musket North-South drill long section (Musket on
the left hand side, and Cannonball on the right hand side). Source:
Company announcement

Seven RC holes were completed at Musket, which Rox considers to appear to be a thickened north plunging high-grade shoot indicated within a wider zone of mineralisation.

The best result achieved was in hole MFEC065 where massive high-grade nickel sulphide was intersected averaging 8.14 per cent nickel over 2 metres.

Highlights from the recent drilling include:

Hole MFEC055
11 metres at 1.8 per cent nickel from 220 metres downhole, including 3 metres at 2.4 per cent nickel from 225 metres;

Hole MFEC056
6m at 1.5 per cent nickel from 127m downhole;

Hole MFEC059
17m at 2.2 per cent nickel from 214m downhole, including 4m at 3.2 per cent nickel from 214m, including 1m at 6.2 per cent nickel from 215m, and including 4m at 2.5  per cent nickel from 25m;

Hole MFEC064
14m at 1.5 per cent nickel from 191m downhole; and

Hole MFEC065
17m at 2.2 per cent nickel from 227m downhole, including 8m at 3.3 per cent nickel from 227m, including 2m at 8.1 per cent nickel from 227m

“These are terrific results with the thick, high-grade intersections from Musket particularly exciting,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“The two metres grading over eight per cent nickel, which is our best nickel hit yet, indicates the presence of high tenor massive sulphides and the potential for a thicker high-grade shoot at Musket”

The program included four RC drill holes at Cannonball, three of which intersected high-grade mineralisation of widths narrower than those encountered at Musket.

However, Rox said the high-grade and massive nature of the mineralisation developing with increasing depth is encouraging.

Highlights from Cannonball include:

Hole MFEC052
1m at 4.5 per cent nickel from 176m downhole; and

Hole MFEC053
1m at 4.2 per cent nickel from 199m downhole.

Assay results for hole MFEC063 are pending, but visually one metre of massive sulphide was intersected.

“We have now demonstrated that the area has the potential for multiple deposits, and with this high grade nickel intersection the chances of a substantial nickel sulphide mineral resource are significantly enhanced,” Mulholland said.

“Our next step will be to mobilise a diamond rig by the end of this month to commence follow up drilling.”

Email: admin@roxresources.com.au

Website: www.roxresources.com.au