Rox scores bonza copper results at Bonya

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has reported promising assay results from recent reverse circulation (RC) drilling undertaken at the Bonya copper project, located east of Alice Springs in the Northern Territory.

According to Rox it has encountered a massive copper sulphide mineralised body in three drill holes at the Bonya Mine prospect from near surface to approximately 100 metres depth.

The company claims the assay results confirm previous visual estimates and include:

BYRC008
11 metres at 4.4 per cent copper from 30m, including 3m at 6.1 per cent copper from 33m;

BYRC009
38m at 4.4 per cent copper from 60m, including 6m at 8.8 per cent copper from 60m, and 8m at 7.9 per cent copper from 82m; and

BYRC012

9m at 3.8 per cent copper from 97m, including 3m at 8.2 per cent copper from 97m.

 

Bonya mine prospect drill plan. Source: Company announcement

 

“These initial drilling results have exceeded our expectations,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“The results have established that massive copper sulphide mineralisation is present at Bonya over substantial widths and over a vertical interval of at least 100 metres.

“The high grades, including several one metre samples grading above 10 per cent copper are also very encouraging.

“The Bonya Mine prospect has the potential to be another significant base-metal project for the company, adding to our successes at Fisher East (nickel) and Teena (zinc-lead).”

Rox said the three holes (BYRC008, 009, and 012) were drilled on the one section targeted below the old Bonya Mine workings to ascertain the potential thickness, dip and grade of primary mineralisation below the oxide copper mineralisation.

“We initially only planned one drill hole at the Bonya Mine prospect, however we had to rapidly drill several more holes to get a better understanding of the exceptional mineralisation we intersected in that first hole,” Mulholland said.

“The second hole was even better than the first.”

The company indicated a follow-up RC drilling program is planned to commence as soon as possible.

Rox is earning an interest in the Bonya tenement through an Agreement with Arafura Resources (ASX: ARU).

Under the Agreement Rox can earn a 51 per cent interest by expenditure of $500,000 by December 2014.

The company anticipates meeting this expenditure requirement within the set timeframe.

Once it has Rox can then elect to increase its interest to 70 per cent by expenditure of a further $1 million by December 2016.

Email: admin@roxresources.com.au

Website: www.roxresources.com.au