Yearly Archives: 2013

Two New Nickel Sulphide Discoveries

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Highlights:

  •  Massive, matrix and disseminated nickel sulphide mineralisation drilled at Fisher East in two new separate locations
  • Portable XRF Analyser results indicate significant widths and grades:

At Cannonball:

  • 5m @ 2.7% Ni from 114m
  • 2m @ 3.1% Ni from 128m
  • 4m @ 3.3% Ni from 159m

At Musket:

  • 8m @ 1.4% Ni from 55m
  • 6m @ 2.3% Ni from 129m
  • 3m @ 2.9% Ni from 129m
  • 13m @ 2.2% Ni, including 6m @ 3.0% Ni from 176m
  • Several 1m samples > 5% Ni
  • Largely untested VTEM anomaly at the Musket prospect

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Share Purchase Plan

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Highlights:

Rox Resources Limited (ASX: RXL) (“Rox” or “Company”), advises that the closing date for the Company’s Share Purchase Plan (“SPP”) has been extended to 5:00pm (WST) on Tuesday 3 December 2013.  All other details of the SPP remain unchanged.

To date there has been excellent support for the SPP with applications received totalling over $1.2 million, as at 27 November 2013. However, with the recent release of a positive report by Breakaway Research on the Company a number of shareholders have requested additional time to assess the offer. Consequently, the Directors have resolved to extend the closing date.

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New Nickel Sulphide Discovery at Fisher East

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Highlights:

  • Massive nickel sulphides discovered at the new Cannonball prospect; 3m @ 3.42% Ni, including 1m @ 5.83% Ni from 62m depth
  • Cannonball prospect defined over a 1km strike
  • Multiple new targets defined along four principal prospect trends
  • Anomalous nickel, copper, and PGE’s drilled at a number of other locations
  • Highest gold value of 1m @ 1.74g/t Au from 43m depth
  • All aircore drilling results received and compiled

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Strike Length at Teena Extended to over 1km

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Highlights:

  • Fourth hole at Teena intersects shallower mineralisation at a depth of 676m (down hole)
  • 14.9m @ 10.4% Zn+Pb, including
    • 4.5m @ 11.4% Zn+Pb, and
    • 6.0m @ 14.6% Zn+Pb
  • Mineralisation now extended to at least 1km strike length
  • High grade mineralisation intersected on southern limb of synclinal keel
  • Mineralisation now intersected over a vertical range from 450m to over 1,100m
  • Mineralisation yet to be closed off

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Maiden Camelwood Mineral Resource

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Highlights:

  • Maiden Camelwood Mineral Resource of 1.6Mt @ 2.2% nickel
  • Mineral Resource contains 34,600 tonnes of contained nickel
  • 40% of nickel metal content in higher confidence Indicated Mineral Resource category
  • Higher grade core of 520,000 tonnes at 3.1% nickel
  • Mineralisation open at depth and along strike

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High Grade Zinc Continues at Teena

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Highlights:

  • Third diamond hole at Teena intersects thick high grade zinc mineralisation
  • Mineralisation includes 20.3m @ 13.9% Zn+Pb, including 14.2m @ 18.4% Zn+Pb
  • Third hole extends high grade mineralisation at least 700m along strike
  • Additional assays from the second hole define more zones of mineralisation

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