Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report that Downhole EM surveying recently undertaken at the Musket and Cannonball deposits at its 100% owned Fisher East Nickel project 500km north of Kalgoorlie WA, has produced some exciting results.
In addition a diamond hole drilled at Musket North has extended mineralisation approximately 80m down plunge from a previous drill intercept (MFED058: 2.3m @ 4.1% Ni). The new intercept was:
MFED064: 0.7m @ 3.6% Ni, including 0.14m @ 9.1% Ni from 457.5m
The grade of 9.1% Ni for the massive sulphide in hole MFED064 is very encouraging for development of this high tenor mineralisation further down dip and plunge. Meanwhile, diamond hole MFED065, drilled on the bottom southern edge of the Musket resource did not intersect any significant mineralisation.