For thousands of other reports visit RSC's Mineral Intellingence Map
Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Grace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-6-2020: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Grace deposit at the Youanmi project. Drilling results incl. 25m @ 34.79g/t Au from 143m. Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Gregor Bennett (Internal) | |
| ABSTRACT: | Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX: VMC) is pleased to report further results (Tables 1 and 2, Figure 1) from the drilling program being undertaken at Youanmi in the OYG JV area. Rox recently increased its interest in the OYG JV to 70% (ASX: 11 June 2020) with VMC holding the remaining 30%. Assay results from the current drill program, which commenced in late May 2020, have now started to flow in. This 3,000m drill program is testing depth and strike extensions to the Grace prospect together with infill on some sections where a higher drill density was required due to the very high gold grades received from earlier drilling. Pleasingly, and further to the Company’s ASX release of 6 May 2020, recent step out (i.e. down plunge) results received show the continuation of a second high-grade zone beneath the discovery zone (Figure 2). In addition to the impressive grades and intercept widths, the result provides important geological information, and is a clear demonstration of the rich prospectivity of the Youanmi granite margin. These new intercepts open up significant target zones for gold mineralisation at Grace along strike and down-dip from the initial discovery zone. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report