Rox Resources Scores High-Grade Gold Results at Link

THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported assay results from resource development drilling at the company’s 100 per cent-owned Youanmi gold project near Mt Magnet in Western Australia.

Rox Resources’ recent activities focused on the Link area of the project, which it describes as being “a fast-developing strike extension to the historically mined lodes at Youanmi, and benefits from its proximity to established underground infrastructure”.

Recent assay batch received from Youanmi resource development drilling at Link include:

RXDD088
24.43 metres at 12.79 grams per tonne gold from 369m, including 6.03m at 25.01g/t gold from 372.97m and 1.87m at 28.65g/t gold from 383.13m, and 2.68m at 36.51g/t gold from 390.75m;

RXDD092
7.73m at 3.12g/t gold from 366.9m, including 4.1m at 4.65g/t gold from 366.9m;

RXDD093
3.89m at 5.75g/t gold from 408m, including 1.93m at 9.21g/t gold from 409.96m, and 1.02m at 29.88g/t gold from 425.45m; and

RXDD096
3.84m at 9.13g/t gold from 412.51m, including 2.15m at 13.5g/t gold from 412.51m.

Rox said the results support its agenda of moving resources at Link to a higher confidence category to support feasibility studies and to also demonstrate significant resource upside.

“The final batch of assay results from Link have proven to be some of the best yet, with a spectacular intercept of 24.43 metres at 12.79 grams per tonne reinforcing the high-grade nature of the Youanmi gold project,” Rox Resources managing director Robert Ryan said in the company’s ASX announcement.

“The latest campaign has defined Link down to approx. 475 metres below surface, with the mineralisation remaining open and no deeper drilling completely beyond this depth.

“Given that the Youanmi Main Lode, which sits just next door, has been intersected at depth of up to 970 metres below surface, we believe there is immense potential for the mineralisation at Link to continue at depth.

“Following our recent consolidation of tenure ownership over the broader high-grade Youanmi belt, drilling is also underway on regional targets that extend from north of Youanmi to south of the Penny West mine.

“Drilling is currently underway at Curran’s Find and our near-mine targets at Youanmi South, with assay results expected in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE