Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to advise that the 2019 Annual General Meeting will be held on Tuesday 26th November 2019 at The Celtic Club, 48 Ord Street, West Perth WA 6005 commencing at 4pm WST. The notice of meeting and explanatory memorandum will be issued in due course.
Read more…
Yearly Archives: 2019
Highlights:
- Drilling at the Youanmi Gold Project has intersected the highest gold grades seen in Rox’s program thus far. Results received from Youanmi South drilling include:
- RXRC063 – 12m @ 12.7 g/t Au from 80m
- RXRC064 – 12m @ 8.5 g/t Au from 44m
- RXRC053 – 4m @ 11.2 g/t Au from 110m
- RXRC066 – 4m @ 7.6 g/t Au from 76m
- Drilling at Plant Zone continues to define shallow, potential ‘base load mill feed’ with new results showing continuations to shallow mineralisation including:
- RXRC038 – 4m @ 5.6 g/t Au from 24m
- RXRC047 – 30m @ 1.0 g/t Au from 96m (depth continuation)
- RXRC046 – 14m @ 1.7 g/t Au from 70m (depth continuation
Highlights:
• A$4.0 million placement to underpin growth plans at the Youanmi Gold and Fisher East Nickel Projects;
• Placement demand strongly supported by Australian institutional investors;
• A total of 166.6 million new shares to be issued at $0.024, representing a 7.7% discount to last closing price;
The securities of Rox Resources Limited (‘RXL’) will be placed in trading halt at the request of RXL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 20 September 2019 or when the announcement is released to the market.
Pre-development Gold with a Nickel Sweetener
Highlights:
- Drilling at the Youanmi Gold Project has intersected new gold mineralisation at Youanmi South and Commonwealth Prospects including:
- RXRC050 – 2m @ 23.67 g/t Au from 76m (Commonwealth)
- RXRC049 – 4m @ 6.57 g/t Au from 64m (Commonwealth)
- RXRC024 – 4m @ 8.17 g/t Au from 96m (Youanmi South)
- Extensions to near mine mineralisation have been delineated within dilational zones along Youanmi Main lode Shear Zone. Best intersections include:
- RXRC013 – 5m @ 5.59 g/t Au from 81m (United North) including an intersection of 1m @ 23 g/t Au
- RXRC014 – 9m @ 3.77 g/t Au from 58m (United North) including an intersection of 5m @ 5.93 g/t Au
Highlights
• Rox to earn up to a 75% interest in a 290km² tenement package adjacent to and along strike of the Fisher East Nickel Project;
• Adds 40km of nickel prospective “basal contact” strike length to Rox’s exploration portfolio;
• Positions Rox to grow its existing 78,000t contained nickel resource in the Fisher East region;
• The new tenure also contains significant gold mineralisation, including the Galway and Southern Prospects