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Rox Resources Reports High-Grade Youanmi Results

THE DRILL SERGEANT: Rox Resources (ASX: RXL) received drill results from the Youanmi gold project near Mt Magnet in Western Australia.

The results came to Rox Resources via its OYG Joint Venture partner Venus Metals (ASX: VMC) (Rox 70% and Manager, VMC 30%).

The latest results included high-grade assays from shallower parts of the Link area where drilling focussed on resource conversion and extensional growth to the recently reported resource inventory at Youanmi of 3 million ounces at 3.78 grams per tonne gold.

Highlights included:

RXDD043
4 metres at 4.43 grams per tonne gold from 52m;

RXRC429
4m at 4.41g/t gold from 128m; and

RXRC435
10m at 1.39g/t gold from 76m, including 2m at 4.1g/t gold from 84m.

Other results were received from extensional drilling down plunge for the historical Hill End underground mine.

This included:

RXDD039
1m at 13.44g/t gold from 384m and 0.89m at 3.89g/t gold from 344m; and

RXDD044
2m at 5.41g/t gold from 286m and 0.39m at 3.44g/t gold from 334.72m.

“The further high-grade results from the Link area will likely contribute to the Youanmi Near Surface Resource,” Rox Resources managing director Alex Passmore said in the company’s ASX announcement.

“Results from near mine drilling further support the company’s belief in the potential for high-grade mineralisation near historic mine development.

“We look forward to providing an update on the Near Surface Resource in mid-April which consolidates near-surface drilling results.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

Rox Resources Extends Youanmi Gold Project Mineralisation

THE DRILL SERGEANT: Rox Resources (ASX: RXL) reported on drilling carried out at the Youanmi gold project near Mt Magnet in Western Australia.

Rox Resources completed the drilling with Joint Venture partner Venus Metals (ASX: VMC) in the OYG JV area (Rox 70% and Manager, VMC 30%).

The current RC drilling program has been designed to test the southern continuation of the Grace deposit and other high grade near mine targets including the recently identified high priority Junction and Link targets.

Results have been received for three holes; results are still to come in for 15 holes.

Highlights to date include:

RXRC363
8 metres at 19.9 grams per tonne gold from 68m, including 4m at 38.3g/t gold from 68m.
Shallow high-grade mineralisation in Granite at Grace South.

RXRC362
4m at 5g/t gold from 40m.
In Granite at Grace South.

RXRC361
4m at 6g/t gold from 84m and 8m at 4.1g/t gold from 112m
At Junction.

The recently returned drill results have extended the known area of high-grade mineralisation at Grace by 100m to the south of previously determined extent.

“We are pleased to report these latest strong drill results from Youanmi and the shallow strike extensions at Grace,” Rox Resources managing director Alex Passmore said in the company’s ASX announcement.

“We look forward to updating the market as more results come to hand.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@roxresources.com.au

 

Web: www.roxresources.com.au

 

Rox Resources Encounters High-Grade Grace Intersections

THE DRILL SERGEANT: Rox Resources (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation (ASX: VMC) reported results from its early 2020 drilling program undertaken at the Youanmi project in Western Australia.

Rox Resources reported that recent drilling at Youanmi has defined a very high-grade zone of mineralisation (greater than 30 gram-metres) extending from surface, open to the north that lies within a broader wide zone of mineralisation.

Recent assays from drilling undertaken at the Grace prospect include:

RXRC151
7 metres at 54.6 grams per tonne gold from 8m;

RXRC152
1m at 29.7g/t gold from 23m;

RXRC153
6m at 5.7g/t gold from 24m;

RXRC154
4m at 4.5g/t gold from 9m, and 3m at 5.32g/t gold from 53m.

“The Grace prospect is emerging as an exciting high-grade deposit with one of the better recent intersections returned from hole RXRC151 being a spectacular 7 metres at 54.6 grams per tonne gold from 8 metres,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“This newly discovered mineralisation has all the hallmarks needed to bring it into early production-it is close to surface, lies near to existing pits and sits within a granted mining lease which already has substantial infrastructure.”

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au

 

THE DAILY ROADHOUSE

 

Metalicity Pegs New Tenements

THE BOURSE WHISPERER: Metalicity (ASX: MCT) announced the acquisition of a further four prospecting and exploration tenements in the Kookynie Area in the Goldfields region of Western Australia.

Marenica Energy Drills Koppies Mineralisation

THE DRILL SERGEANT: Marenica Energy (ASX: MEY) announced assay results from a Phase 2 reconnaissance rotary air blast (RAB) drilling program on the company’s Koppies prospecting in Namibia, Africa.

Rox Resources reports Further High-Grade Results from Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL), in conjunction with its Joint Venture partner Venus Metals Corporation (ASX: VMC), announced further results from an ongoing drilling campaign at the OYG JV which forms part of the wider Youanmi gold project in Western Australia.

Rox Resources reports Further High-Grade Results from Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL), in conjunction with its Joint Venture partner Venus Metals Corporation (ASX: VMC), announced further results from an ongoing drilling campaign at the OYG JV which forms part of the wider Youanmi gold project in Western Australia.

Rox Resources’ recent drilling at the Youanmi gold project has intersected more high-grade gold mineralisation.

Results received from Youanmi South and Commonwealth drilling include:

RXRC073
4m at 11.23 grams per tonne gold from 92m; (Youanmi South)

RXRC079
8m at 3.73g/t gold from 60m; and (Commonwealth)

RXRC077
3m at 5.45g/t gold from 87m. (Commonwealth)

The company said that drilling at the Plant Zone has continued to define shallow, potential ‘base load mill feed’ with new results showing continuations to shallow mineralisation including:

RXRC058
8m at 2.62g/t gold from 60m;

RXRC055
9m at 1.04g/t gold from 83m; and

RXRC056
8m at 1.03g/t gold from 44m.

“These results continue to show the excellent potential of the Youanmi belt and the OYG JV in particular and we look forward to presenting further results when they become available,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“Drilling at the Plant Zone prospect, a granite stockwork style of mineralisation now delineated over a 1.4 kilometre strike length, continues to add scale to the overall project gold inventory.”

Rox’s recent drilling has been focussed on the Plant Zone (potentially base load mill feed) and the high-grade Commonwealth prospect.

The company expects to shift its focus onto the Youanmi South prospect following completion of geophysical surveying (drone mag).

The Youanmi South prospect has previously returned some of the best drill intersections of the current drill program.

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au

 

THE DAILY ROADHOUSE

 

Stavely Minerals Continues Thursday’s Gossan Growth

THE DRILL SERGEANT: Stavely Minerals (ASX: SVY) reported further news from the shallow, high-grade copper-gold discovery at the Thursday’s Gossan prospect, part of the company’s 100 per cent-owned Stavely copper-gold project in Victoria.

Calidus Resources Hits More Gold in Planned Klondyke Pit

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported a further batch of high-grade RC drilling results from the company’s Warrawoona gold project in the Pilbara of Western Australia.

Independence Group Makes Take-Over Bid for Panoramic Resources

THE BOURSE WHISPERER: Independence Group (ASX: IGO) rattled the boards of the ASX by announcing its intention to make an off-market takeover offer to acquire all of the ordinary shares of Panoramic Resources (ASX: PAN) it does not already own.

Galileo Mining Confirms Fraser Range Nickel Target

THE DRILL SERGEANT: Galileo Mining (ASX: GAL) recently completed aircore drilling at the company’s Lantern prospect, within the Fraser Range nickel belt of Western Australia.

Rox Resources Hits Healthy Gold Intersections at Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL) released results of an air core drilling program undertaken at the company’s VMC Joint Venture, located north of the historical Penny West gold mine and the historical Magenta and Columbia gold prospects in Western Australia.

 

Rox Resources Hits Healthy Gold Intersections at Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL) released results of an air core drilling program undertaken at the company’s VMC Joint Venture, located north of the historical Penny West gold mine and the historical Magenta and Columbia gold prospects in Western Australia.

The VMC Joint Venture between Rox and Venus Metals Corporation Limited (ASX: VMC) and is part of the wider Youanmi gold project.

Rox is earning a 50 per cent interest in the gold rights of the tenements comprising the JV, VMC is the manager.

The recent air core (AC) drilling program was designed to follow up on strongly anomalous lead-zinc-copper trends associated with anomalous gold identified during initial AC drilling that was announced in October.

Results from this second round of AC drilling include:

VRAC151
4 meters at 7.02 grams per tonne gold from 24m; and

5m at 2.41g/t gold from 60m to EOH.

VRAC161
4m at 0.94g/t gold from 32m.

Rox Resources said the gold mineralisation encountered in VRAC151 is open at depth and along strike and is located along an approximately north-northwest trending gold-anomalous zone close to the Youanmi Shear Zone and approximately five kilometres north of the historical Penny West gold mine.

“These air core results build on the growing recognition of the gold endowment of the Youanmi belt and importantly feed into our regional understanding of controls on mineralisation,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“Impressively this intersection has identified a potential new corridor of mineralisation.”

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au

 

Rox Resources Hits Best Results to Date at Youanmi

THE DRILL SERGEANT: Rox Resources (ASX: RXL) declared the best drilling results achieved to date from a drilling campaign underway at the Youanmi gold project in Western Australia.

The Youanmi gold project (OYG JV) is a Joint Venture with Venus Metals Corporation (ASX: VMC).

Rox Resources has completed over 9,000 metres of drilling that it has received results for around 75 per cent.

Results received from Youanmi South drilling include:

RXRC063
12 metres at 12.7 grams per tonne gold from 80m;

RXRC064
12m at 8.5g/t gold from 44m;

RXRC053
4m at 11.2g/t gold from 110m; and

RXRC066
4m at 7.6g/t gold from 76m

Drilling at Plant Zone has defined shallow, potential base load mill feed, with new results showing continuations to shallow mineralisation including:

RXRC038
4m at 5.6g/t gold from 24m;

RXRC047
30m at 1g/t gold from 96m; and (depth continuation)

RXRC046
14m at 1.7g/t gold from 70m. (depth continuation)

Rox said its understanding of controls on mineralisation at Youanmi is rapidly increasing and as a result its targeting methodology has improved markedly as demonstrated by these results.

The company is looking forward to potentially translating this into strong resource growth at the project.

The RC drill program is ongoing and will continue into October, with resource estimation work to follow.

The company is testing both new conceptual targets that it considers to have the potential to open up new areas of mineralisation and drilling out positions of the Youanmi gold deposits or areas where it believes there is potential for repeats.

 

Email: admin@roxresources.com.au

Web: www.roxresources.com.au

 

Rox Resources Starts Youanmi Drilling

THE DRILL SERGEANT: Rox Resources (ASX: RXL) announced drilling has commenced at the company’s Youanmi gold project Joint Venture in Western Australia.

Rox Resources, along with JV partner Venus Metals (ASX: VMC) kicked off the 14,000 metre program that is to continue throughout August and September and is the first major and systematic exploration program carried out at the site since 1997.

The company said the drilling is testing both: (1) new conceptual targets that have the potential to open up new areas of mineralisation and (2) drilling out extension positions of the Youanmi gold deposits or areas where the JV considers there is potential for repeats.

Key focus areas for this campaign are the high-grade Commonwealth prospect and areas proximal to existing pits where there are likely extensions or repeats of mineralisation not mined in a $400 per ounce mining scenario (i.e. targeting a super pit concept).

Rox pointed out that many of the targets have been developed using technology that wasn’t otherwise available to earlier operators in the 1980s and 1990s.

“Following the completion of the Youanmi transaction only five weeks ago I am very excited to be embarking on the first major exploration campaign in this very prospective area since the 1990s,” Rox Resources managing director Alex Passmore said in the company’s announcement to the Australian Securities Exchange.

“Rox and its JV partner see real potential for new high-grade discoveries in the area and also for strong resource growth close to existing infrastructure at Youanmi.”

The undeveloped Commonwealth-Connemara deposits and mineralised trend is centred only four kilometres northwest of the Youanmi plant.

Gold mineralisation is from surface and hosted within a 3 metre to 10 metre wide zone of sheared quartz-veining and highly altered mafic volcanic rocks.

The series of shallow historical open pits at Youanmi were mined over 20 years ago under a much lower gold price environment.

Part of the existing Mineral Resource Estimate at Youanmi is derived from mineralisation near these pits, however limited drilling constrains the resource potential.

Rox indicated that the current drilling program will test for extensions both down dip of existing mineralisation and between the old pits.

 

Email: admin@roxresources.com.au

Website: www.roxresources.com.au

 

Rox Resources Drilling at Mt Fisher

THE DRILL SERGEANT: Rox Resources (ASX: RXL) has commenced a substantial drilling program at the company’s 100 per cent-owned Mt Fisher gold project in the north eastern Yilgarn Craton, Western Australia.

Rox Resources explained the drilling is targeting shear zone hosted gold mineralisation in mafic / ultramafic bedrock that was delineated by earlier shallower drilling.

The company completed aircore drilling late 2017 (117 holes for 7,322 metres) that returned strong results and helped define RC gold targets at Mt Fisher.

New targets were identified at Damsel South and existing targets were confirmed and upgraded at Dirks and Shiva prospects.

Rox has previously delineated resources of 1.025 million toonnes at 2.7 grams per tonne gold for 89,059 ounces contained gold at the project.

This program is designed to extend these resources and to follow up new target zones.

“The program which comprises RC and Aircore drilling will run for approximately five weeks,” Rox Resources said in its ASX announcement.

“The program aims to discover new zones of bedrock mineralisation and confirm the potential for large shear hosted gold deposits.”

 

Email: admin@roxresources.com.au

Website: www.roxresources.com.au