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Rox Resources Ltd.
Summary
| Project: | Collurabbie | |
|---|---|---|
| Deposit: | Olympia North, Ortus | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Gold-Palladium-Platinum | |
| Date: | 10/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Olympia North, Ortus deposit at the Collurabbie project. Drilling results incl. 32m @ 0.60% Ni, 0.36% Cu, 273ppb Pt, 405ppb Pd from 4m. Rox Resources Limited (ASX: RXL) | |
| 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 it has completed and received assays from an initial aircore drilling program at its Collurabbie project 250km north of Laverton in Western Australia (Figure 1) (ASX:RXL 6 September 2017). The drilling program comprised 104 holes for 5,427 metres, and tested several targets (Figure 2) within the Company’s tenements. Weathering at Collurabbie is at least 80-100m deep, so the Company considers these results, from as shallow as 4m depth, as very significant. The anomalous results from Olympia North are located along a 300m strike length over a strong magnetic signature, similar to that at the Olympia deposit where a maiden Inferred Mineral 10 OCTOBER 2017 RRL1548D 2 Resource of 573,000 tonnes grading 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt was announced recently (ASX:RXL 18 August 2017). The drilling has defined a northerly trend along an ultramafic horizon (termed the Olympia horizon), which has been poorly tested by historical drilling and extends to the north for at least 10km, all covered by Rox tenements. Future work will be focused on testing the Olympia horizon with further aircore drilling and geophysics to define more targets. “These are very strong aircore results, with the high Cu, Pt and Pd results especially significant. In our experience, the level of these elements is indicative of nickel sulphide mineralization at depth. We are therefore planning to undertake an initial RC drilling program as soon as possible.” | |
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