Category Archives: Announcements

Research Report

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Highlights:

    • Large Mt Fisher gold and nickel project located on underexplored greenstone belt
    •  Myrtle zinc-lead JV with Teck provides free carried exploration to augment existing JORC Resource of 43.6Mt @ 5.04% Zn+Pb
    • Teena has exploration target of 100-200Mt @ 10-12% Zn+Pb
    • ‘Ore grade’ phosphate identified along 30km of strike at Marqua
    • Bonya rock chips assay up to 30.7% Cu, 34.1g/t Ag and 0.52g/t Au
    • SPP to provide funds to advance prospective Mt Fisher and Bonya

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Share Sale

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Rio Tinto Exploration (“Rio”) was issued 20 million Rox Resources Limited (ASX:RXL) (“Rox” or “the Company”) shares in June 2010 as part consideration for the Myrtle/Reward project.

The Company became aware that Rio was selling its Rox shares on Friday 12 October when Rio lodged a Substantial Shareholder Notice with the ASX advising that it had sold 3.4 million shares on 11 October. Over the past week Rio completed the sale of its entire holding of 20 million shares.

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Teena Drill Core Re-Sampling Confirms Significant Results

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Hightlights:

  • Re-sampling confirms Teena is a significant mineralised zone within the Myrtle/Reward Zinc Project
  • Assays from Teena drill core re-sampling demonstrate close comparison to original assays
  • Data provides high confidence in the use of the historic results
  • Best results include:
  • 11.3m @ 10.9% Zn + Pb, 14 g/t Ag from 908.8m in hole Teena 4
  • 8.6m @ 9.84% Zn + Pb, 23 g/t Ag from 789.6m in hole Teena 4A
  • 3.8m @ 7.98% Zn + Pb, 4 g/t Ag from 629.2m in hole Teena 2
  • 13.1m @ 6.02% Zn + Pb, 5 g/t Ag from 599.2m in hole Teena 6
  • Further exploration at Teena is planned this quarter

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