Santa delivers new nickel discoveries for Rox Resources

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THE DRILL SERGEANT: Rox Resources (ASX: RXL) has encountered massive, matrix and disseminated nickel sulphide mineralisation while conducting a Reverse Circulation (RC) drilling program on two new prospects at the company’s Fisher East nickel sulphide project, north of Kalgoorlie in Western Australia.

The company carried out visual logging and portable XRF analyser readings, which its claims has confirmed the presence of fresh nickel sulphide mineralisation in a number of drill holes at the Cannonball and Musket prospects.

 

Cannonball-Musket prospects and drill intercept locations. Source: Company announcement

 

The results have determined each mineralised zone to be over 200 metres in strike length.

At Musket a number of RC holes returned portable XRF analyser results of:

8 metres at 1.4 per cent nickel from 55m downhole in hole MFEC036;

6m at 2.3 per cent nickel from 129m downhole in hole MFEC040;

3m at 2.9 per cent nickel from 129m downhole in hole MFEC037, including
1m at 5.1 per cent nickel from 129m; and

13m at 2.2 per cent nickel from 176m downhole in hole MFEC048, including
6m at 3.0 per cent nickel from 179m.

At Cannonball a number of RC holes drilled in the vicinity of a previous aircore hole (FEAC149 that returned assays of 3m at 3.42 per cent nickel) returned portable XRF analyser results of:

5m at 2.7 per cent nickel from 114m downhole in hole MFEC042, including 2m at 4.7 per cent nickel from 114m;

2m at 3.1 per cent nickel from 128m downhole in hole MFEC043;

3m at 2.3 per cent nickel from 84m downhole in hole MFEC045; and

4m at 3.3 per cent nickel from 159m downhole in hole MFEC049, including 1m at 4.9 per cent nickel from 159m and 1m at 5.4 per cent nickel from 162m.

“These outstanding results of two more nickel sulphide discoveries confirm our belief that we are dealing with a whole new mineral field and not just an isolated deposit at Fisher East,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“We will now follow-up these results with diamond drilling to evaluate these new discoveries which are anticipated to add to the mineral resource inventory for a combined Camelwood–Cannonball-Musket project.

“It should be noted that these initial RC results at Cannonball and Musket exceed the thickness and grade of the results we achieved at Camelwood in the early stages there.”

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Website:
www.roxresources.com.au