Yearly Archives: 2016

World Class Zn-Pb Resource at Teena

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce a maiden Inferred Mineral Resource for the Teena zinc-lead deposit, located 8 km west of the McArthur River zinc-lead mine in the Northern Territory (Figure 1).

The Teena deposit forms part of the Reward zinc-lead project, subject to an option/joint venture (“Rox-Teck JV”) agreement, currently owned 49% by Rox and 51% by Teck Australia Pty Ltd (“Teck”) (51%), a subsidiary of Teck Resources Limited. Teck has the option to increase its JV interest to 70% by spending up to A$15 million in total by 31 August 2018. As at 31 March 2016 Teck had spent approximately $13.85 million.

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$10M Gold Joint Venture

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce the signing of a Terms Sheet with Doray Minerals Limited (“Doray”) for an earn-in joint venture over its Mt Fisher gold project located in the north eastern goldfields of Western Australia. Doray (ASX:DRM) is a highly successful and leading mid-tier gold miner and explorer.

The Earn-in Joint Venture (JV) covers those tenements at Mt Fisher which are prospective for gold, but specifically excludes the Fisher East Nickel project tenements.

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Mt Fisher Gold Project

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In light of the current strong gold price environment Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to advise on a number of developments at is Mt Fisher gold project.

A Mineral Resource of 973,800t @ 2.75 g/t Au for 86,080 ounces was previous estimated to JORC 2004 standard (ASX:RXL 10 February 2012), and is currently being updated to JORC 2012 compliance.

In addition, potential to expand this resource has been identified with the location of a shallow zone of mineralisation at the Dam prospect that may be extractable by heap leach methods. The first stage target for this zone is 50,000 contained ounces of gold.

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Quarterly Report for 31 December 2015

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Reward Zinc-Lead Project, NT

  • Drilling continues to define a globally significant zinc-lead deposit at Teena with further excellent intersections of mineralisation:
  • Lens 2:   21.2m @ 18.6% Zn+PbTNDD022:    20.8m @ 12.8% Zn+Pb, including

 

    • 15.1m @ 16.4% Zn+Pb
    • TNDD021:    19.7m @ 14.9% Zn+Pb
    • TNDD020:    35.4m @ 13.2% Zn+Pb, including
  • Lens 1:   6.8m @ 12.5% Zn+PbTNDD022:    5.1m @ 9.0% Zn+Pb, includingFisher East Nickel Project, WA

 

  • 3.8m @ 11.0% Zn+Pb
  • TNDD021:    7.2m @ 9.2% Zn+Pb
  • TNDD020:    12.8m @ 9.4% Zn+Pb, including
  • A Pre-Feasibility level mining study was initiated.

 

Bonya Copper Project, NT

  • RC drilling program successfully intersected mineralisation at the Bonya Mine prospect and also at a new prospect, Green Gully, including:
  • 2m @ 3.2% Cu from 29m at Green Gully, and
  • 6m @ 2.6% Cu from 140m at the Bonya Mine.

 

  • Corporate
  • Rox Resources named Explorer of the Year at the Australian Mining Prospect Awards in October 2015.
  • Successful capital raising of $2.0 million

 

 

 

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