West Australian focused gold exploration and development company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX: VMC), is pleased to provide an update on drill results from the Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area (Rox 70% and Manager, VMC 30%).
HIGHLIGHTS
- Known high-grade mineralisation extended at the Link Prospect with high-grade drill intercepts received from 200m down plunge of the existing resource envelope
- Exceptional grades demonstrate strong continuity of previously intersected high-grade mineralisation at Link
- Latest high-grade gold intercepts received from resource drilling at Link include:
- RXRC412: 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m.
- RXDD030: 0.5m @ 77.49g/t Au from 277.8m and 0.75m @ 19.66g/t Au from 270.9m
- RXDD019: 1m @ 11.05g/t Au from 389m
- RXDD021: 0.7m @ 11.06g/t Au from 289.35m
- These results indicate that the Link Prospect (among other prospects) is likely to deliver strong increases to the Youanmi mineral resource estimate (June 2021 resource: 1.7Moz at 2.85g/t Au)
- Results are pending for 22 RC and 17 diamond holes at Youanmi. Drilling is ongoing.
- 424 aircore holes for 22,337m of exploration drilling completed on Regional Joint Venture tenements. Assays pending for all holes.
Drilling continues at Youanmi, with diamond and RC rigs operating at the OYG JV.
Highlights of this round of results are 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m intersected in RXRC412, 0.5m @ 77.49g/t Au from 277.8m and 0.75m @ 19.66g/t Au from 270.9m intersected in RXDD030 and 1m @ 11.05g/t Au from 389m intersected in RXDD019.
