West Australian focused gold exploration and development company, Rox Resources today announced the commencement of a 23,000-metre multi-rig resource definition and exploration drilling campaign at the Youanmi gold project near Mt Magnet in WA.
The 16,000 metre RC drill program and 7,000 metre diamond drill program will be ongoing throughout January-April with first drill assay results expected in late February.
Resource definition drilling is focused on the conversion of resources from inferred to indicated classification at the Link and Kathleen areas to upgrade the Youanmi Gold project resource. The conversion of inferred resources is integral to the Youanmi gold project and will form the early production for the purposes of the upcoming feasibility studies.
Exploration drilling will test the exciting near-mine Midway discovery, as well as testing underexplored regional targets to delineate additional ounces which can be incorporated into the Youanmi gold project. Exploration drilling will initially focus on the exciting, high-grade ‘Midway’ discovery made by the OYG JV in 2021. Midway is located 300m within the hanging-wall of the Youanmi Main Lode and presents an excellent near mine exploration target which is open in all directions.
The ‘Youanmi South’ prospect will also be tested and has previously shown broad high-grade gold intersections. The system is in a geologically complex position where the main lode shear zone interacts with the southern end of the Youanmi Granite.
Managing Director Rob Ryan commented:
“We are pleased to recommence drilling at the Youanmi project as we look to improve the quality and scale of the resource. Drilling is planned to infill high-grade areas at Kathleen and Link to bolster shallow, indicated resources for upcoming feasibility studies.
“The Midway discovery is an exciting discovery and is close to existing infrastructure with tremendous potential to grow in all directions. The limited drilling to date, within the structural corridor, has shown thick continuous high-grade intersections. We intend to drill out the Midway area with the aim of adding additional resources to the Youanmi Gold Project.
“With drilling underway and feasibility studies advancing, investors can look forward to consistent news flow in 2023 as we look to improve the current resource and project metrics.”
