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Rox Resources Ltd.
Summary
| Project: | Fisher East | |
|---|---|---|
| Deposit: | Fisher East | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 7/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-7-2017: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Fisher East deposit at the Fisher East project. Drilling results incl. 7.7m @ 1.4% Ni from 693.3m. Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased t | |
| Resources: | (Resource, I+I): 4.2Mt @ 1.9% Ni for 78000t Ni contained | |
| CP/QP: | [Overall Report]: Ian Mulholland (Internal) | |
| ABSTRACT: | Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report continued positive progress following a recently-completed diamond drill program at Fisher East (Figures 1 and 2). The program tested deeper targets at the Sabre prospect and the Camelwood and Musket deposits. Four of the five drill holes were also surveyed by the Downhole EM (DHEM) technique. Rox Managing Director, Mr Ian Mulholland said: “The deeper diamond drilling has indicated that the Camelwood, Musket and Sabre mineralised zones do continue at depth. There are strong off hole EM conductors at all deposits that are worth following up.” “Our Mineral Resources at Fisher East are 2.04 Mt @ 2.5% Ni (at a 1.5% Ni cut-off) for 50,600 tonnes of contained nickel (ASX:RXL 5 February 2016), and we are confident of adding to these resources as we continue to explore and test new targets and drill deeper holes at known deposits.” The Olympia prospect has been the site of most of the previous drilling at Collurabbie, with high grade drill intercepts (Figure 6). In addition, the Company plans to undertake a work programme from July to September at Collurabbie involving re-logging and re-stacking of historic core, heritage surveys and aircore drilling to test and better define a number of regional targets. | |
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