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Rox Resources Ltd.
Summary
| Project: | Mt Fisher | |
|---|---|---|
| Deposit: | Mt Fisher | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2018: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Mt Fisher deposit at the Mt Fisher project. Drilling results incl. 4m @ 6.15ppm Au from 48m. Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to anno | |
| Resources: | (Resource, Total): 0.973Mt @ 2.75g/t Au | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce assay results from the recent;y completed aircore drilling program conducted at the Mt Fisher gold project 270km north of Leonora in Western Australia (Figure 1) in December 2017. The drilling campaign at Mt Fisher comprised approximately 117 holes for 7,322 metres, with the main focus being the Dam, Damsel, Dirks and Shiva prospects (Figure 2). The Company has already identified mineral resources in excess of 86,000 ounces of gold at Mt Fisher and the latest results provide excellent potential for further exploration to add to resources. The gold target areas lie to the west of the Company’s nickel deposits at Fisher East (Figure 1). Given that the aircore drilling program was designed as a geochemistry tool, to expand areas of known anomalism as well as to refine areas where the drill spacing was still wide, the large number of samples grading over 0.5 g/t Au is very encouraging. Sampling was on four metre (4m) downhole composites, and any composites that exceed 0.5 g/t Au will be re-assayed into 1m samples. Rox Managing Director, Ian Mulholland said: “These are outstanding drilling results. They have identified new anomalies at Dam North, extended known gold trends at Damsel and Dirks, and confirmed infill at Shiva. The results highlight the excellent gold endowment of the Mt Fisher project, and the possibility of identifying high grade gold zones. We will now plan our follow-up RC and/or diamond drilling campaign.” | |
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