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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Grace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-4-2020: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Grace deposit at the Youanmi project. Drilling results incl. 7m @ 54.6g/t Au from 8m. 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 Limited (ASX: VMC) is pleased to report further results (Tables 1 and 2) from its early 2020 drilling program undertaken at Youanmi. During this year assay turnaround has been slower than normal due to the heavy workload at Western Australian assay laboratories and, more recently, the effects of COVID-19. To date assay results have been received for 31 RC holes drilled at Grace with results for 78 RC holes remaining outstanding (Figure 1). The Company’s drilling has defined a significant very high-grade zone of mineralisation (greater than 30 gram-metres) extending from surface, open to the north and which lies within a broader wide zone of mineralisation. It is currently interpreted as a northerly plunging high-grade, gold mineralised body; In places multiple shoots are present. Results from the northerly lines of holes are still outstanding. Figure 2 shows the central shoot within the Grace prospect and clearly shows the plunge of the mineralisation. Grace is located in a general NNW/SSE trending line of load which includes the Airstrip and Youanmi South prospects as well (Figure 3). | |
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