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Rox Resources Ltd.
Summary
| Project: | Mt Fisher | |
|---|---|---|
| Deposit: | Mt Fisher | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-7-2018: Rox Resources Ltd. announces a Resource Estimation report for its Mt Fisher deposit at the Mt Fisher project. Updated mineral resource estimate at the project. Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to provide an u | |
| Resources: | (Resource, Total): 170Kt @ 4.1g/t Au (Meas.), 220Kt @ 2.7g/t Au (Ind.) | |
| CP/QP: | [Resources]: Ian Mulholland (Not stated) | |
| ABSTRACT: | Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to provide an update to the previously released gold Mineral Resource at the Company’s Mt Fisher Project (ASX:RXL 28 March 2018) located 500km north of Kalgoorlie in Western Australia. The updated resource now takes into account new bulk density measurements carried out on recently acquired drill core. Mt Fisher comprises three separate gold deposits at Moray Reef, Mt Fisher and Damsel (Figure 2). At a cut-off grade of 0.8 g/tAu, the Mt Fisher resource is now stated as 1.0 million tonnes grading 2.7 g/tAu for 89,000 ounces (high grade cuts applied as per Table 1). The Company recently announced plans to spin out Rox’s wholly owned subsidiary, Helios Gold, which will become the owner of the Mt Fisher gold tenements and gold mineral resource. An RC drilling program has been designed to test several targets at Dam, Dam North, Damsel, Damsel South, Dirks and Shiva (Figure 2), which should add to the resource base in due course. Drilling can commence upon completion of the Helios Gold IPO | |
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