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Rox Resources Ltd.
Summary
| Project: | Youanmi | |
|---|---|---|
| Deposit: | Youanmi South, Plant Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2019: Rox Resources Ltd. announces an Exploration/Drilling Update report for its Youanmi South, Plant Zone deposit at the Youanmi project. Drilling results incl. 12m @ 12.7g/t Au from 80m. Australian gold and nickel company, Rox Resources Limited (“R | |
| 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 the best results seen thus far in this drilling campaign at the Youanmi Gold Project (OYG JV). Rox has drilled over 9,000 metres and has received results for around 75% of this amount. Rox’s understanding of controls on mineralisation at Youanmi is rapidly increasing and as a result its targeting methodology has improved markedly as demonstrated by these results. The Company looks forward to potentially translating this into strong resource growth at the project. The RC drill program is ongoing and will continue into October, with resource estimation work to follow thereafter. 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. | |
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