Announcement Date: 2022-06-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Rox Resources Ltd.
Project name: Youanmi
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 8m @ 5.1g/t Au from 212m
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%). The highlights of this round of results include 8m @ 5.1g/t Au from 212m including 4m @ 9.45g/t Au from 212m and 4m @ 6.03g/t Au from 140m intersected in RXRC449 and 0.78m @ 32.98g/t Au from 256.3m intersected in RXDD046. The results continue to define the continuity of the recently discovered high-grade Midway Lode in the historically underexplored hanging-wall area 300m south of the Youanmi Mine (Table 1, Figure 1). Drilling results reported in September 2021 identified high-grade mineralisation in a newly delineated position in the hanging wall to the main Youanmi Mine Lode. This zone of mineralisation is situated 300m south of the Youanmi underground mine between the Bunker Pit and the Youanmi Main Pit (Figures 1 and 2). Diamond drilling to follow up on the previously reported discovery hole RXDD022 (4m @ 45.5g/t Au from 341m, including 1.33m @ 129.3g/t Au from 341.75m) (ASX: RXL 06/09/2021) has been ongoing.
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