For thousands of other reports visit RSC's Mineral Intellingence Map
Rox Resources Ltd.
Summary
| Project: | Mt Fisher | |
|---|---|---|
| Deposit: | Mt Fisher | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2019: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Mt Fisher deposit at the Mt Fisher project. Drilling results incl. 16m @ 1.74g/t Au from 56m. Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Co | |
| Resources: | (Resource, Total): 1.0Mt @ 2.7g/t Au at project | |
| CP/QP: | [Overall Report]: Will Belbin (Internal) | |
| ABSTRACT: | Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL), is pleased to advise that drilling at its wholly owned Mt Fisher Gold Project has returned significant results with follow up drilling results pending. Drilling intersected significant gold mineralisation at the Dam prospect, which is open to the west and to the south. Gold mineralisation extends from surface to approximately 60m depth and remains open. Following these successful results Rox extended its drilling program to target extensions and test the continuity of mineralisation. Results of that drilling are pending. Two new gold prospects (1) Western Gravity Flexure and (2) Bungarra delineated during the current field program have recently been tested with aircore drilling with assays pending. Rox has a significant tenure holding in the Mt Fisher greenstone belt, which is located in the North Eastern Yilgarn Craton, WA (Figure 1). The belt is host to gold and nickel mineralisation. Mt Fisher gold mineralisation is typical of greenstone-hosted Archean lode gold. Lithology, structure and weathering are primary controls on gold mineralisation. The project is under explored as a deep weathering profile obscures much of the basement structure rendering historical soil sampling and RAB ineffective. The potential for a significant gold deposit located beneath the near surface gold anomalism is strong, however exploration drilling below the oxide zone is sparse. Results from this round of RC drilling completed at the project has increased confidence and continuity of known mineralisation at the Dirks, Dam and Damsel South prospects. | |
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