West Australian focused gold exploration and development company, Rox Resources Limited (“Rox” or “the Company”) (ASX: RXL) is pleased to provide an update on the Mt Fisher-Mt Eureka.
HIGHLIGHTS
- Renewed focus on project targeting orogenic gold mineralisation and strata-bound VMS style mineralisation.
- VMS prospectivity identified through extensive project review.
- 160 holes, 7,000 metre Aircore Drilling program commenced at Mt Fisher Gold Project (Rox 100%).
- RC program circa 4,000m to commence mid November 2021.
- High resolution airborne magnetic survey to commence late November 2021.
- The Mt Fisher Project includes Gold Mineral Resource of 1.0 Mt @ 2.7 g/t Au for 89,000 ounces contained gold.
- Past production of 30Koz of gold at 4.3 g/t Au from the Mt Fisher gold mine.
- Strong potential to add gold resources.
The Mt Fisher-Mt Eureka Project is located in the Northern Goldfields, about 500km northeast of Kalgoorlie (about 120km east of Wiluna) within the underexplored Mt Eureka greenstone belt. This belt is located 40km east of the prolific Yandal greenstone belt, host of significant gold deposits including Jundee, Bronzewing and Mt McClure.
Rox holds 850km² of the Mt Eureka greenstone belt and surrounding prospective zones (Rox 100% 500km²) and via the Cullen Resources JV, 350km² (Rox currently earning up to 75%, Cullen Resources Limited 25%).
Following the demerger of the Fisher East Nickel Project Rox has renewed its focus on gold exploration in the belt.
Rox has undertaken an extensive project scale review and has planned immediate work to advance the project.
A 7,000m aircore drilling program is currently underway targeting orogenic gold mineralisation and VMS style mineralisation over recently defined key target areas on Rox 100% own tenements.
