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Rox Activities Update

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Highlights

  • Drilling programs at the Rox-managed Youanmi Gold Project (OYG JV1) are ongoing;
  • Samples from +6,500m of Grace Prospect drilling are awaiting assay with samples from all but one hole of January drilling still outstanding;
  • Rox has commenced field work targeting Gold and Nickel at both its 100% owned Mt Fisher Project and at the Mt Eureka JV.

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Further High Grade Gold from Grace and Regional Prospects

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Highlights
Drilling at the Youanmi Gold Project has continued to deliver more impressive gold grades. Results received from current drilling (January 2020) at Grace Prospect and also other prospects (from December 2019 drilling) has returned results including:

  • RXRC158: 4m @ 69.5 g/t Au from 28m (Grace)
  • RXRC137: 4m @ 7.4 g/t Au from 60m (Youanmi South)
  • RXRC140: 24m @ 1.5 g/t Au from 56m (United NE)

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Further Exceptional Gold Results Confirm New Discovery

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Drilling at the Youanmi Gold Project has intersected more exceptional gold grades. Results received from drilling along strike to the north and down dip of the intial disovery holes at Grace Prospect has returned results including:
RXRC135: 8m @ 37.25 g/t Au from 44m (Grace) Including: 4m @ 73.81 g/t Au from 48m (Grace) 4m @ 9.96 g/t Au from 4m (new HW zone)
RXRC133: 4m @ 18.06 g/t Au from 16m (Grace)
RXRC132: 4m @ 11.02 g/t Au from 48m (new FW zone) 4m @ 5.13 g/t Au from 12m (new FW zone)

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Further High Gold Grades Confirm New Zone of Mineralisation

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Australian gold and nickel company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation (ASX: VMC) is pleased to report results  as follow up to the exceptionally high-grade results reported to the ASX on 19 November 2019.
These results are from its drilling campaign at the OYG JV which forms part of the wider Youanmi Gold Project. Drilling finished on the 20th of December with a significant amount of samples (approx. 1,500m) still in the process of being assayed.

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High Grade Results from Youanmi Near Mine Exploration

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Highlights

• Drilling at the Youanmi Gold Project has intersected more high grade gold mineralisation. Results received from Youanmi South and Commonwealth drilling include:
RXRC073 – 4m @ 11.23 g/t Au from 92m (Youanmi South)
RXRC079 – 8m @ 3.73g/t Au from 60m (Commonwealth)
RXRC077 – 3m @ 5.45 g/t Au from 87m (Commonwealth)

• Drilling at Plant Zone continues to define shallow, potential ‘base load mill feed’ with new results showing continuations to shallow mineralisation^ including:
RXRC058 – 8m @ 2.62 g/t Au from 60m
RXRC055 – 9m @ 1.04 g/t Au from 83m
RXRC056 – 8m @ 1.03 g/t Au from 44m

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