All posts by Belinda Newman

Significant Results From Second Hole at Teena

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report further assays from the current core drilling program at the Teena zinc prospect (Figure 1), which forms part of the Reward project in the Northern Territory.

Assay results from the second hole of the 2014 drilling program, TNDD014, have confirmed mineralisation approximately 250m south of previous holes TNDD010 and 011 (Figure 2) at a shallower depth.

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Quarterly Activities and Cash Flow Report

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The third quarter of 2014 has seen continued outstanding exploration success for Rox Resources Limited (“Rox” or “the Company”).

At the Mt Fisher project in Western Australia an updated Mineral Resource estimate now comprises 3.6 million tonnes grading 2.0% Ni for 72,100 tonnes of contained nickel. Drilling is continuing to further explore and increase these resources. An aircore drilling program has identified a number of new nickel sulphide targets for further exploration. In addition, an aircore and diamond drilling program was undertaken to test a number of gold targets.

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Exceptional Copper Assays From Bonya Mine Drilling

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report exceptional assay results from reverse circulation (RC) drilling undertaken at the Bonya copper project, located 350km east of Alice Springs in the Northern Territory.

A massive copper sulphide mineralised body has been intersected in three drill holes at the Bonya Mine prospect from near surface to approximately 100m depth (Figures 2 & 3). The assay results, which confirm the previous visual estimates, are as follows…

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Fisher East Exploration Update

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that Reverse Circulation (RC) and diamond (DD) drilling has re-commenced at its Fisher East nickel sulphide project, 500km north of Kalgoorlie in Western Australia.

The RC (29 holes for 5,500m) and diamond (12 holes for 5,000m) drilling programs are designed to follow-up previously drilled nickel sulphide mineralisation at Cannonball, and increase the known mineral resources at Musket and Camelwood (Figure 2). In addition, following the ground EM survey, drilling could be undertaken at the new Cutlass prospect (Figure 1).

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Drilling Commences at Bonya

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that reverse circulation (RC) drilling has commenced at the Bonya project located 350km east of Alice Springs in the Northern Territory, adjacent to the Jervois copper deposits.

The drilling will test three EM anomalies (03, 04 & 05, Figure 1, ASX:RXL 5 August 2014), one of which has associated copper carbonate (malachite) staining on the outcropping rocks and a copper-in-soil anomaly, suggesting the presence of copper mineralisation below.

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Capital Raising

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The directors of Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) are pleased to advise the successful completion of a single tranche placement of approximately 104.6 million shares at $0.043 per share to raise $4.5 million (“Share Placement”) before costs. Bell Potter Securities Limited acted as Lead Manager to the Placement.
Commenting on the Share Placement, Managing Director, Mr Ian Mulholland said, “We are extremely pleased with the response we have received from both existing and new investors. The majority of this placement has gone to well-regarded domestic and international investment fund managers, which demonstrates the excellent potential of our projects.

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Trading Halt

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Rox Resources Limited (ASX: RXL) requests an immediate trading halt on its securities pending an announcement by the Company regarding a capital raising.

The Company requests the trading halt be lifted on the earlier of commencement of normal trading on Friday 19th September 2014, or when the anticipated announcement is released to the market.

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Teena Mineralisation Extended to Over 1.5KM

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report initial drilling observations from the recently commenced diamond drilling program at the Teena zinc prospect (Figure 1), which forms part of the Reward project in the Northern Territory, has extended the drilled strike length of known mineralization to over 1.5 kilometres.

The first diamond drill hole of the 2014 program, TNDD013, located approximately 300m west-south-west of previous hole TNDD012 (Figure 2) has intersected several zones of zinc-lead sulphide mineralisation aggregating about 17 metres down hole thickness in total. Drill hole TNDD012 had previously defined the southwest limit of mineralisation.

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Gold Exploration Results

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Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report gold exploration drilling results from recent gold exploration drilling programs at its 100% owned Mt Fisher Project located 500km north of Kalgoorlie in Western Australia.

One diamond drill hole, MFDD001, was completed at the Dam Central prospect (Figures 1 – 3) to test interpreted structurally controlled gold mineralisation. The hole intersected several zones of gold mineralisation exceeding a 1 g/t Au cut-off as follows:

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