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Rox Resources Ltd.
Summary
| Project: | Fisher East | |
|---|---|---|
| Deposit: | Mt Tate, Horatio, Sabre North | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-PGM | |
| Date: | 10/11/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2016: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Mt Tate, Horatio, Sabre North deposit at the Fisher East project. Drilling results incl. 16m @ 0.35% Ni, 109ppm Cu, 23ppb PGE from 24m at Horatio. Rox Resources Limited | |
| Resources: | (Resource, I+I): 4.2Mt @ 1.9% Ni for 78000t Ni contained | |
| CP/QP: | [Overall Report]: Ian Mulholland (Internal) | |
| ABSTRACT: | Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce recent aircore (AC) drilling results from the Fisher East nickel sulphide project 500km north of Kalgoorlie, Western Australia (Figure 1). The program of 2,540 metres consisting of 49 angled holes was designed to better define the target zones at the Mt Tate and Horatio prospects, and to test EM anomalies along strike to the south of Horatio. In addition an encouraging result north of the Sabre prospect has been received. Managing Director Ian Mulholland commented, “We continue to highlight the excellent exploration potential of our tenements at Fisher East and these latest results from Mt Tate, Horatio and Sabre North make them high priority RC drill targets.” “We are confident that we will continue to discover and define more nickel sulphide resources at Fisher East which will underpin our development strategy there.” “The Fisher East project already has Mineral Resources of 4.2 Million tonnes grading 1.9% Ni (Indicated 3.7 Mt @ 1.9% Ni, Inferred 0.5 Mt @ 1.5% Ni) for 78,000 tonnes of contained nickel metal. With the as-yet to be quantified mineral resource at Sabre, which requires more drilling, and these new results we see a doubling of the resource base as a distinct possibility.” | |
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