West Australian gold exploration and development company, Rox Resources (ASX: RXL), has received the third batch of assays from its 11,000m Diamond Drilling (DD) and Reverse Circulation (RC) program at the Youanmi Gold Project in WA.
The program is focused on converting selected Inferred stopes at Pollard, United North and Youanmi Main to higher confidence Indicated classification and provide material for metallurgical testing for an upcoming Definitive Feasibility Study (“DFS”).
This consignment of diamond and RC assay have been entirely drilled within the Pollard Resource. Additionally, a new mineralisation zone outside the Pollard Resource (Interceptor Prospect) was discovered in RC pre-collar drilling higher in the hanging wall and above the Pollard lodes of the Youanmi Resource.
Core processing, sampling and assays remain outstanding for diamond drill hole tails at Youanmi Main, United North and 2 holes at Pollards and are expected to be received before the end of the year.
HIGHLIGHTS:
- RC and DD core assay results have been received from Pollard drilling and highlights include:
- RXDD109: 8.11m @ 44.62g/t Au from 290.96m
- RXRD123: 11m @ 15.43g/t Au from 89m
- RXRD112: 11m @ 3.73g/t Au from 72m (includes composited interval)
- RXRD115: 4m @ 6.16g/t Au from 86m o RXDD124: 3.22m @ 4.95g/t Au from 292.03m
- RXDD109: 3.19m @ 4.84g/t Au from 238.53m
- RXRD117: 2m @ 4.35g/t Au from 82m
- Youanmi Growth drill campaign now complete with remaining assays expected before year end
- Results have firmed-up the expanded strike extension of gold mineralisation and the potential for resource growth, to both the north and south of the main Youanmi Mine area that is host to the majority of defined mineral resources
- Importantly, geological data from the drilling campaign will assist future exploration on Rox’s dominant tenure position over the Youanmi greenstone belt, renowned for high-grade gold mineralisation, that remains underexplored
Rox Resources’ Chief Executive Officer, Phillip Wilding, commented:
“The Rox exploration team has delivered more strong results. This latest batch of assays will be important to converting Inferred areas of the Resource to the higher confidence Indicated classification.
“More excitingly, seeing these high-grade results in Pollard, along with the previously announced results in United North, really emphasises the potential for these high-grade shoots to extend, and will help with planning our next program to extend these resources that are still open.
“Pollard has been a very under explored area and has the potential to add significant ounces to the mine plan.”
“The discovery of a new mineralised zone outside the Youanmi MRE is yet another example of the strong potential to add further high-quality ounces to the Resource.
“Rox’s 11,000m diamond and reverse circulation drilling program has been completed, with all assays expected before the end of the calendar year. We look forward to updating the market once results are received.”
