Strong VTEM Results at Bonya

Strong VTEM Results at Bonya

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  • February 17, 2014

Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to report results from an airborne Versatile Time Domain Electro-Magnetic (VTEM) survey conducted over a large portion of the Bonya project tenements 350km east of Alice Springs in the Northern Territory.

The airborne VTEM survey was designed to detect electro-magnetic conductors that could be indicative of accumulations of copper sulphide mineralisation similar to the nearby Jervois deposits.

The survey was very successful, with ten (10) anomalies identified as targets, of which three are considered high priority. B_10 has a very similar EM signature to the one observed at Jervois, while B_01 and B_03 are strong, well-defined anomalies occurring on at least two survey lines in favourable geological units.