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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Youanmi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/6/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-5-2020: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Youanmi deposit at the Youanmi project. Drilling results incl. 2m @ 18.96g/t Au from 48m. Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gregor Bennett (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 Limited (ASX: VMC) is pleased to report further results (Tables 1 and 2, Figure 1) from the drilling program undertaken at Youanmi in the OYG JV1 through early 2020. All assay results have now been received from recent drilling (March 2020) which focussed on the Grace Prospect (“Grace”) and tested several nearby regional targets in similar structural settings. At Grace, drilling continues to define a very high-grade zone of mineralisation (greater than 30 gram-metres) within a broader zone of mineralisation. Significantly, this recent drilling has confirmed a second high-grade zone of mineralization below the discovery zone (Figure 2). The confirmation of this second zone is important as the Company interprets Grace to be a series of north-plunging high grade stacked-lodes that lie within a broader zone of mineralisation within fracture zones inside the margin of the Youanmi granite. Overall, the Grace Prospect shows a ladder vein array geometry. | |
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