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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Grace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Grace deposit at the Youanmi project. Drilling results incl. 8m @ 37.25g/t Au from 44m. 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 drilling at Grace Prospect. This drilling tested along strike and down dip positions relative to the drill results released to ASX on 24 December 2019. These results are from the Company’s drilling campaign at the OYG JV1 which forms part of the wider Youanmi Gold Project. This round of drilling concluded in late December with assays recently received. The Company is awaiting a final batch of sample results from this program. Assays results for the 4m composite samples have been received and composite intervals exceeding 0.25 g/t will be re-assayed on a 1m basis. These results are interpreted to be close to true width and define a series of moderate west-dipping quartz hosted gold lodes in granite that remain open at depth and along strike (Figures 1 & 2). This drilling has identified new goldbearing veins which are yet to be tested both above and below the Grace Lode previously identified in recent drilling (Figure 2). | |
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