Rox Resources (RXL-ASX) is exploring the Youanmi Gold Project near Mt Magnet, Western Australia. The company is advancing the flagship Youanmi historic mining centre in joint venture (OYG JV) with Venus Metals Corporation (VMC-ASX $0.20 | Not Rated). RXL also has nickel sulphide assets, which it is looking to divest.
Yearly Archives: 2021
Highlights:
• Gravity and leach test work confirm excellent total gold recoveries at Grace of up to 99.8% in fresh rock and 98.7% in oxide mineralisation
• Results confirm that new zones of gold mineralisation discovered through late 2019 and 2020 within granite are likely to be amenable to conventional gravity and cyanide processing
• Complements extensive new geological understanding resulting from 2020 drilling and geophysics to positively reset perspectives on the Youanmi Belt
Rox Resources Ltd (“Rox” or “the Company”) is pleased to provide an update on its strategy in relation to its substantial nickel assets located in Western Australia.
• Two new high priority targets, “Link” and “Junction” identified with testing ongoing.
• RC drilling returns strong results:
RXRC344: 12m @ 6.54g/t Au from 28m. New, high-grade zone identified in granite north of Rebel Pit at Link.
RXRC341: 2m @ 11.81g/t Au from 53m and 10m @ 1.4g/t Au from 164m. New high-grade zone identified in Granite 200m north of United North Pit at Link.
RXRC121: 3m @ 9.6g/t Au from 196m (Grace North).
RXRC325: 12m @ 1.72g/t Au from 28m (Grace North, shallow)
Assays pending for 12 holes.
• Assays received for 8 diamond holes at Grace with results pending for 2 holes.
High grade results include:
RXDD004: 1m @ 18.62g/t Au from 202m
• AC drilling of 339 holes for 16,297m was completed in the December quarter, with all assays now received. The results show: (1) Widespread gold anomalism associated with structures in the Youanmi Granite and (2) Prospective targets along the Youanmi mine corridor