West Australian focused gold exploration and development company, Rox Resources (ASX: RXL) today announced it will commence drilling at the Mt Fisher-Mt Eureka gold project, located in the Mt Eureka greenstone belt in the northern Goldfields of WA.
- Diamond drilling commencing shortly to target strong electromagnetic (EM) conductor related to pyrrhotite associated gold mineralisation down plunge of high-grade historical intersection PMF056: 9m @ 34.34g/t Au from 67m at the Mt Fisher Gold Mine;
- Multiple EM conductors (identified previously by Rox) over 3km of strike to be tested by drilling. The conductors are situated down plunge of mineralisation at the Mt Fisher Mine;
- Elsewhere, at the Taipan Prospect RC drilling commencing shortly to test a substantial 90m thick gold bearing shear zone in favourable structural setting along strike of historical drill intersections 20m @ 2.28g/t Au from 100m, including 2m @ 9.85g/t Au from 102m (MERC022) and 1m @ 17.4g/t Au (MEAC03); and
- 160 hole, 7,300 metre aircore drilling program has been completed at the Mt Fisher Gold Project (Rox 100%) with assays awaited.
The Mt Fisher-Mt Eureka Gold Project is located in the Northern Goldfields, about 500km northeast of Kalgoorlie (about 120km east of Wiluna) within the 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%).
A 4,000m RC and diamond drill program is currently being conducted on high priority drill ready gold targets generated from a recently completed project review.
Target areas were identified from existing historic geochemical and geophysical datasets. The highly prospective Mt Eureka greenstone terrane hosts extensive orogenic gold mineralisation. Numerous high-grade gold occurrences warrant immediate follow up drilling including: The Mt Fisher Mine, Dam/Damsel Gold Trend, Wagtail, Taipan, Southern-Galway and Eureka North-West.