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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Youanmi South, Commonwealth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-9-2019: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Youanmi South, Commonwealth deposit at the Youanmi project. Drilling results incl. 2m @ 23.67g/t Au from 76m. Australian gold and nickel company, Rox Resources Limited (“ | |
| 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 announce it has received strong and encouraging results from drilling at the Youanmi Gold Project (OYG JV). Rox has drilled over 7,000 metres and has received results for around half of this amount. Turnaround around time from drill hole to validated assay result is running at up to 3 weeks. The RC drill program is ongoing and will continue through September and has been extended into October. This is the first major and systematic exploration program carried out at the site since 1997. The Company is testing both: (1) new conceptual targets that have the potential to open up new areas of mineralisation and (2) drilling out positions of the significant Youanmi gold deposits or areas where there is potential for repeats. Managing Director Alex Passmore Commented: “We are very pleased with these initial results from Rox’s maiden drilling program at Youanmi Gold Project. The high grade results from the Youanmi South prospect were a very positive surprise. This prospect is interpreted to be a new zone of mineralisation at the southern end of the Younami granite which opens up a large new area for exploration. Drilling at Commonwealth Prospect (a previously untested historical gold occurrence) has started to delineate a high grade plunging shoot which is open to along strike and down plunge to the south”. | |
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