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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Grace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-6-2020: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Grace deposit at the Youanmi project. Drilling results incl. 4m @ 88.81g/t Au from 27m. Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company” | |
| 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 highgrade gold results (Tables 1 and 2, Figure 1) from the drilling program currently underway at Youanmi in the OYG JV area. These results relate to RC drilling designed to infill drilling coverage (i.e. tighten drill spacing) on the shallow high-grade part of the emerging Grace prospect to facilitate resource estimation. Deeper results (see ASX release 16 June 2020) are pending. Around 3,700m has been drilled to date and drilling is ongoing to test depth extensions. In relation to the drilling above, assays have been received for 49 holes with assays still outstanding for an additional 15 holes. Based on the Company’s interpreted mineralised enveloped (see long section, Figure 2) these results increase the extent of mineralisation of the shallow, near-surface lode at Grace and confirm, and in many places upgrade, the results seen previously | |
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