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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Grace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/18/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2020: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Grace deposit at the Youanmi project. Drilling results incl. 4m @ 69.47g/t Au from 28m. Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregor Bennet (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 (ASX: VMC) is pleased to report results (Tables 1 and 2) from the final part of the 2019 drilling program and initial high grade results from the current drilling program underway at the Grace Prospect. Drilling in the latter part of the 2019 program tested conceptual targets to the north and south of the Youanmi gold mine. Encouragingly new zones of mineralisation were encountered by (1) RXRC140 - to the east of the United North Pit and (2) RXRC137 at Youanmi South (See Figure 1). Further to recent announcements, the Company continues to see strong results from the Grace Prospect with an intersection from the first hole assayed in this programme (RXRC158) returning 4m @ 69.5 g/t Au from 28m. Drilling is ongoing, and the Company is awaiting further assays.. The Company has recently engaged a second RC drilling rig for the Grace Prospect. | |
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