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Rox Resources Ltd.
Summary
| Project: | Collurabbie | |
|---|---|---|
| Deposit: | Olympia North | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt-Palladium-Platinum | |
| Date: | 11/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2017: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Olympia North deposit at the Collurabbie project. Drilling results incl. 32m @ 0.48% Ni, 0.28% Cu, 0.03% Co, 0.22ppm Pt, 0.35ppm Pd from 64m. Rox Resources Limited (ASX | |
| Resources: | (Resource, Inf.): 573kt @ 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt at Olympia | |
| CP/QP: | [Overall Report]: Ian Mulholland (Internal) | |
| ABSTRACT: | Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that thick intersections of disseminated nickel sulphides have been made in RC drilling recently completed at the Collurabbie project 250km north of Laverton in Western Australia (Figure 1). The initial drilling program comprised 4 holes for 558 metres to follow-up strong nickel-copperplatinum-palladium aircore drilling anomalies recently defined at the Olympia North and Ortus prospects (ASX:RXL 10 October 2017) (Figures 2 & 3). The new results confirm the presence of nickel sulphides at Olympia North and that the ultramafic belt there is fertile for nickel sulphide mineralisation. The Company has traced this horizon for over 15km along strike and analysis shows very little previous exploration along it. Thick intersections of disseminated nickel sulphides were intersected, including: 32m @ 0.48% Ni, 0.28% Cu, 0.03% Co, 218ppb Pt, 347ppb Pd from 64m in hole CXRC001, and 5m @ 0.63% Ni, 0.30% Cu, 0.03% Co, 239ppb Pt, 422ppb Pd from 76m in hole CXRC003. A third hole at Olympia North encountered a porphyry intrusion and the nickel sulphide interval was stoped out. The hole drilled at the Ortus prospect did not intersect any nickel sulphides. Rox Managing Director, Ian Mulholland said: “We are encouraged by the results from Olympia North because they confirm that a fertile ultramafic belt for nickel sulphides exists, extending north from our Olympia deposit through Olympia North and beyond for up to 15km.” | |
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