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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Youanmi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-4-2019: Rox Resources Ltd. announces a Resource Estimation report for its Youanmi deposit at the Youanmi project. Confirmed mineral resource estimate at the project, remains unchanged. On 10 April 2019 Rox Resources Limited (ASX: RXL) (“Rox” or “the Co | |
| Resources: | (Resource, I+I): 10.07Mt @ 1.65g/t Au for 532.7Koz Au contained at Younami near surface | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | On 10 April 2019 Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) announced it had entered into a binding Term Sheet with Venus Metals Corporation Limited (ASX:VMC) (“Venus” or “VMC”) under which Rox has the right to acquire a majority position in the Youanmi Gold Mine and to take on management/operatorship of the historic Youanmi Gold Mine (OYG Joint Venture). Further to that announcement Rox is pleased to advise it has confirmed the Mineral Resource Estimates at the Youanmi Gold Project totalling 12.4Mt at 2.97g/t Au for 1,190,600 ounces of gold. In addition, there are a number of exciting, never before released, near surface drill intercepts that require follow up | |
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