The second quarter of 2014 has seen significant exploration success for Rox Resources Limited (“Rox” or “the Company”), at the Mt Fisher project in Western Australia (Figure 1) where a coherent body of high grade nickel sulphide mineralisation has been identified at the Musket prospect by RC and diamond drilling. The Musket deposit is still open at depth and along strike. In addition, encouraging exploration results have been received at the Cannonball prospect, with more drilling warranted.
Teck Australia Pty Ltd (“Teck”) is planning an exploration program at the Reward project (Rox 49%, Teck 51%) in the Northern Territory where approximately 4,000 metres of diamond drilling is scheduled to commence in late August 2014, mainly at the Teena prospect where previous diamond drilling in 2013 returned significant intersections of sulphide mineralization over a strike length of 1.3km, including 20m @ 15% Zn+Pb from 944m.
An RC drilling program is also planned at the Bonya copper project to follow up VTEM anomalies that could represent deposits of copper sulphide mineralisation.