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Rox Resources Ltd.
Summary
| Project: | Collurabbie | |
|---|---|---|
| Deposit: | Collurabbie | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-Palladium-Platinum | |
| Date: | 10/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-10-2018: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Collurabbie deposit at the Collurabbie project. Drilling results incl. 6.05m @ 1.31% Ni, 1.06% Cu, 0.12% Co, 2.25g/t Pt + Pd from 97.95m. Rox Resources Limited (ASX: RX | |
| Resources: | (Resource, Inf.): 573kt @ 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt at Olympia | |
| CP/QP: | [Overall Report]: Ian Mulholland (Internal) | |
| ABSTRACT: | Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce high grade assay results from the Company’s recently completed diamond drilling campaign at its Collurabbie nickel project, located 230km north of Laverton in Western Australia (Figure 1). Another 2.1m interval of massive sulphides was also intersected in hole CXDD001at Olympia from 203.2m depth. The whole sample will be used for a metallurgical test, so the assay from this interval will be determined during that test work. Rox Managing Director, Mr Ian Mulholland said, “These results from Olympia add to our understanding of the mineralogy and type of sulphide material present. “With nickel, copper, cobalt and platinum group elements (Pt and Pd) all being present it is important to know the metallurgical recovery characteristics of these valuable metals.” Two diamond holes were drilled at the Olympia North prospect, co-funded by the Western Australian Government (figures 3 – 5). The target ultramafic unit seems to have thinned at depth below the aircore and RC drilling anomalies. In CXDD002 immediately above the mineralised ultramafic unit, a thick porphyry unit was intersected and may be associated with potential remobilisation of Ni-Cu sulphides. Downhole electromagnetic surveys will commence shortly. | |
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