Announcement Date: 2022-04-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Rox Resources Ltd.
Project name: Youanmi
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 4.41g/t Au from 128m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: West Australian 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%). The latest round of high-grade drilling results were received from shallower parts of the Link area, and near pre-1942 stopes of the historical mine. Drilling at Link focussed on resource conversion and extensional drilling to grow the recently reported resource inventory at Youanmi of 3Moz at 3.78g/t Au (ASX: RXL 20 January 2022). At the 0.5g/t resource cut off, results from this zone are expected to add inventory to the indicated category of the Youanmi Near Surface Resource. Drilling to date at Link has defined a zone of high-grade mineralisation more than 200m from historical underground and open pit workings with extensive down-plunge continuity of high-grade ore zones. Mineralisation at Link remains open down plunge to the northwest and up plunge to the southeast (Figure 1). Results were received from shallow infill RC drilling at Link aimed at achieving conversion of inferred to indicated resource in this area (Figure 1).
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