| Announcement Date: | 2022-02-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Rox Resources Ltd. |
| Project name: | Youanmi |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 3.25m @ 32.22g/t Au from 282m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | West Australian focused gold exploration and development 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 provide an update on drill results from the Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area (Rox 70% and Manager, VMC 30%). Results demonstrate that significant grade remains in-situ in the pillars. Potential exists to apply modern mining techniques to extract remnant material in zones that were previously considered not technically feasible. A scenario is being investigated which involves extending decline rehabilitation to the level under evaluation and then pushing new lateral mine development (i.e. with ground support) into historical workings. On this basis it is envisaged that remnant ore is easily accessible (Figure 1). Assay results remain pending for 14 RC and 2 diamond holes drilled in near mine areas. |
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