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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Youanmi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-12-2019: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Youanmi deposit at the Youanmi project. Drilling results incl. 14m @ 31.31g/t Au from 1m. Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Compa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregor Bennet (Internal) | |
| ABSTRACT: | Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation (ASX: VMC) is pleased to report results (Tables 1 and 2) as follow up to the exceptionally high-grade results reported to the ASX on 19 November 2019. These results are from its drilling campaign at the OYG JV which forms part of the wider Youanmi Gold Project. Drilling finished on the 20th of December with a significant amount of samples (approx. 1,500m) still in the process of being assayed. The JV (Rox managed) recently conducted a series of RC holes to the north drill hole MLRC020 to test the continuity of new zone of mineralisation intersected in that hole (ASX 19/11/2019). Drilling beneath and along strike from the new zone of mineralisation (now named Grace Prospect) has intersected spectacular grades and has defined a southerly plunging lode system on a steep westerly dipping structure that is broadly along strike from the historic Peru Lode and Airstrip Lode (Fig. 1). Interpretation is ongoing, however Rox and Venus are highly encouraged by the tenor of these intercepts and the JV will be undertaking follow on drilling in CY2020. While early stage, these results are considered highly encouraging. In historical mine records there is reportedly free-milling gold mineralisation present within the Youanmi granite to the east of the Main Lode Shear Zone (i.e. away from the granite – greenstone contact). | |
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