Mt Fisher, Western Australia

Gold

Gold

The Mt Fisher gold resources currently stand at 973,000 tonnes at 2.75 g/t Au. Rox has signed a $10 million Farm-in and Joint Venture Agreement with Doray Minerals to further the exploration of the tenements.

Highlights:

  • Gold Mineral Resource of 973,000t @ 2.75 g/t Au for 86,000 ounces contained gold
  • Several strong prospects, including the 7km long Dam-Dirks gold-in-regolith anomaly
  • Past production of 27,000 ounces of gold from the Mt Fisher gold mine
  • $10 million Farm-in and Joint Venture Agreement with Doray Minerals

Gold Mineral Resource

The Mt Fisher project tenements host extensive gold mineralisation, with the target a multi-million ounce gold deposit similar in style to the Bronzewing or Lawlers deposits.

Three parallel structures at the Dam-Dirks prospect define a 7km long gold-in-regolith anomaly which is largely untested at depth, and which already hosts the 54,000 ounce Damsel gold deposit. Diamond drilling has intersected multiple zones of gold mineralisation at the Dam Central prospect.

A total Measured, Indicated and Inferred gold Mineral Resource of 973,000 tonnes grading 2.75 g/t gold for 86,000 ounces of gold at a cut-off of 0.8 g/t Au has been estimated at three deposits, Mt Fisher, Damsel and Moray Reef. For more information on the gold mineral resource click here.

Farm-in and Joint Venture Agreement

A Farm-in and Joint Venture Agreement has been signed with Doray Minerals to further gold exploration at Mt Fisher. The key commercial terms of the JVA are:

  • Doray must spend a minimum of $1 million by 30 June 2017.
  • To earn a 51% interest Doray must spend $5 million (including the above) by 30 June 2019.
  • To earn a 75% interest Doray must spend $10 million by 30 June 2021.
  • Rox is free-carried to the completion of a Pre-Feasibility Study.

For further information on the terms of the agreement, refer to the ASX Announcement by clicking here.

Project Gallery
Quick Facts
  • Location: 500km north of Kalgoorile, Western Australia
  • Tenement Size: 658km2 inclusive of 170km2 option
  • Commodities: Gold
  • Asset: 100% + Option
Project Maps