| Announcement Date: | 2022-11-02 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Rox Resources Ltd. |
| Project name: | Mt Fisher |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| 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) is pleased to report a significant increase to the Mineral Resource Estimate (MRE) for the Mt Fisher Gold Project (Rox 100%) and the Mt Eureka Project (Cullen Resources Joint Venture). The Mt Fisher – Mt Eureka Gold Project is an early-stage project within the Company’s project pipeline that includes the advanced stage Youanmi Gold Project (3.2 million ounces gold – ASX announcement 20 April 2022). The total Indicated and Inferred Mineral Resource for the Mt Fisher – Mt Eureka now stands at 3.5Mt @ 1.65g/t Au for 187,000 ounces of contained gold (Table 1). Rox has used an independent consultant, Widenbar Associates, to complete the Mineral Resource Estimate (Table 1). The previous resource for Mt Fisher was published in July 2018 (ASX announcement 11 July 2018). The Mt Fisher – Mt Eureka Gold Project is in the Northern Goldfields, approximately 500km northeast of Kalgoorlie (about 120km east of Wiluna) within the Mt Fisher greenstone belt. This belt is located 40km east of the prolific Yandal greenstone belt, host of significant gold deposits including Jundee, Bronzewing and Mt McClure. Rox’s tenure covers a large area over the Mt Fisher greenstone belt (1,150km² in total, comprising: Rox 100% 500km², and Cullen Resources JV 650km²). Under the Cullen JV Rox is earning up to 75%, with Cullen Resources Limited (ASX: CUL) holding the remaining 25%. |
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