West Australian focused gold exploration and development company, Rox Resources Limited (ASX: RXL) has provided an update on drill results from the Youanmi gold project near Mt Magnet, WA.
HIGHLIGHTS:
- Drilling down plunge of historical underground workings intersects high gold grades:
- RXDD031: 3.25m @ 32.22g/t Au from 282m and 4.38m @ 3.65g/t Au from 286.82m
- RXDD040: 4m @ 10.91g/t Au from 196m and 2.66m @ 11.6g/t Au from 307.15m
- RXDD037: 1.12m @ 48.01g/t Au from 299.78m
- RXDD036: 2.09m @ 5.71g/t Au from 281.82m and 3.51m @ 3.54g/t Au from 294.3m
- RXRC418: 3m @ 3.33g/t Au from 273m and 4m @ 4.78g/t Au from 284m
- Additional results from Link include:
- RXDD028: 2.7m @ 6.09g/t Au from 206.3m, 3m @ 4.12g/t Au from 309m, 3.24m @ 3.67g/t Au from 323.76m and 3m @ 6.09g/t Au from 348m
- Multiple lodes intersected in hanging wall at Junction:
- RXDD013: 2.33m @ 17.38g/t Au from 247.93m, 0.7m @ 7.33g/t Au from 400.6m and 0.92m @ 20.86g/t Au from 429.39m
- RXDD025: 0.45m @ 7.84g/t Au from 411.3m, 1.24m @ 27.67g/t Au from 490m, 1.26m @ 13.29g/t Au from 679.78m, 1m @ 12.25g/t Au from 741m and 0.37m @ 25.38g/t Au from 791.13m
- Results add confidence to the reported resource inventory at Youanmi of 3Moz at 3.78g/t Au (ASX: RXL 20 January 2020) with inferred to indicated resource category conversion likely in key areas
- Results from 23 RC and 5 Diamond Holes are pending
The latest round of drilling results include high gold grades from: (1) near pre-1942 stopes (2) the Link area and (3) hanging wall lodes at Junction.
Managing Director Alex Passmore commented: “The high-grade results reported today add further confidence to our mining scenarios which are being progressively developed. Pleasingly, drilling in near mine areas that were left behind by historical (pre-1942) mining operations when the gold price and mining methods were vastly different to today is showing good widths and grade of mineralisation. Elsewhere in the newly delineated areas of mineralisation (Link and Junction) we continue to prove up the continuity of gold lodes.”
