Rox sharpens Sabre with new nickel discovery

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has claimed a new nickel discovery while undertaking a recent aircore drilling program at the company’s 100 per cent-owned Fisher East nickel project, north of Kalgoorlie in Western Australia.

The results are from the newly identified Sabre prospect located 6km south of the Musket nickel sulphide deposit and include:

FEAC278
8 metres at 0.87 per cent nickel, 1,500ppm copper, 330ppb PGE (Palladium+Platinum+gold) from 72-80m, including 5m at 1.08 per cent nickel from 74-79m;

FEAC277
6m at 0.45 per cent nickel, 130ppm copper, from 47-53m;

FEAC293
6m at 0.4 per cent nickel, 808ppm copper, 25ppb PGE from 65-71m; and

FEAC292
2m at 0.35 per cent nickel, 124ppm copper from 79-81m.

Rox’s Camelwood and Musket nickel prospects have defined a JORC 2012 Mineral Resource of 3.6 million tonnes at two per cent nickel containing Indicated Mineral Resources of 1.8 million tonnes at 2.2 per cent nickel and Inferred Mineral Resources of 1.9 million tonnes at 1.8 per cent nickel for 72,100 tonnes of nickel.

The company explained the high copper and platinum group element (PGE) values in holes FEAC278 and 293 are on sections 200 metres apart along strike, which it considers to suggest the existence of massive sulphides at depth.

“These first aircore results at Sabre are very exciting, as the highly anomalous copper, platinum and palladium results over a strike length of 200 metres are by far the best we’ve reported to date,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“The nickeliferous gossan drilled is indicative of nickel sulphide mineralisation at depth.

“We are enjoying remarkable exploration success along the Fisher East ultramafic belt, which is confirming our long-held belief that we have discovered a new nickel sulphide camp at Fisher East similar to Kambalda and Leinster, not just an isolated deposit.”

Email: admin@roxresources.com.au

Website: www.roxresources.com.au