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Rox Resources Ltd

Rox Resources extends shallow gold mineralisation in first-phase drilling at Mt Fisher Gold Project

The results have increased confidence and continuity of known mineralisation at the Dirks, Dam and Damsel South prospects.

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Mt Fisher is near Wiluna in Western Australia

Rox Resources Limited (ASX:RXL) has completed the first phase of drilling at its 100%-owned Mt Fisher Gold Project with results indicating a thick zone of shallow gold mineralisation at the western edge of the Dam prospect.

The 19-hole reverse circulation (RC) program drilled for 2,751 metres and returned encouraging gold results from the Dirks and Damsel South prospects.

Further assays are pending from follow-up RC drilling as well as aircore results from two new prospects.

READ: Rox Resources completes series of Youanmi Gold Project transactions

Highlighted results included:

  • 8 metres at 1.86 g/t gold from 92 metres at the Dirks prospect;

  • 4 metres at 1.56 g/t from 36 metres and 4 metres at 2.93 g/t from 52 metres at the Dam prospect; and

  • 16 metres at 1.74 g/t from 56 metres also at the Dam prospect.

READ: Rox Resources drills high-grade gold in first program at Currans Find

Drilling intersected gold mineralisation at the Dam prospect which is open to the west and to the south.

The mineralisation extends from surface to about 60 metres down and remains open.

Rox has extended its drilling program to target extensions and test the continuity of mineralisation after the positive results for which results are pending.

Two new gold prospects, Western Gravity Flexure and Bungarra, were delineated during the current field program and recently tested with aircore drilling, with assays pending.

READ: Rox Resources spins drill bit for gold at Mt Fisher

Rox has a substantial holding in the Mt Fisher greenstone belt, host to gold and nickel mineralisation, in the north-eastern Yilgarn Craton.

Mt Fisher gold mineralisation is typical of greenstone-hosted Archean lode gold, with primary controls lithology, structure and weathering.

The project is under-explored as a deep weathering profile obscures much of the basement structure rendering historical soil sampling and RAB drilling ineffective.

Rox believes potential for a large gold deposit beneath the near-surface gold anomalism is strong, but exploration drilling below the oxide zone is sparse.

Quick facts: Rox Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $37.45 m
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