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Rox Resources Ltd.
Summary
| Project: | Fisher East | |
|---|---|---|
| Deposit: | Fisher East | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 6/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2018: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Fisher East deposit at the Fisher East project. Drilling results incl. 4.3m @ 2.0% Ni from 701.7m. Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to | |
| Resources: | (Resource, Total): 2.0Mt @ 2.5% Ni for 50000t Ni contained at Fisher East | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce assay results from the Company’s recently completed diamond drilling campaign carried out during April - May at its Fisher East nickel project, located 500km north of Kalgoorlie in Western Australia (Figure 1) Fisher East diamond drilling program. The result at Musket broadens the prospective area for drilling and indicates that mineralisation extends to at least 700 metres depth.” In addition, the two drill holes at Camelwood have also indicated that the nickel sulphide system at Camelwood is more extensive than that currently contained in our existing resource.” “At Fisher East our continuing overall aim is to make a new game changing massive nickel sulphide discovery through exploration, while at the same time increasing resources at known deposits and continuing to assess development options. This latest drilling program has moved that goal forward, and we now know that the nickel sulphide systems at Musket and Camelwood are extensive and offer significant potential to develop a large resource base.” “Furthermore, we are encouraged by recent positive moves in the nickel price and the realisation that demand for electric vehicles and other batteries is going to put a lot of pressure on the class 1 nickel supply in the years ahead. Rox continues to position itself strongly by holding highly prospective nickel sulphides projects, and an extremely healthy cash balance.” JORC 2012 Mineral Resources at Fisher East total 2.0 Mt @ 2.5% Ni for 50,000 tonnes contained Ni (ASX:RXL 5 February 2016). In addition, mineral resources at Collurabbie total 573kt @ 2.3% NiEq for 13,500 tonnes contained nickel equivalent (ASX:RXL 18 August 2017). | |
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