Gold and nickel specialist Rox Resources Limited (ASX: RXL) continues to report exciting results as its follows exceptionally high-grade results at its Youanmi Gold Project in Western Australia.
New results include exceptional intercepts of 14m @ 31.31 g/t Au from 1m; 5m @ 77.03 g/t Au from 1m and 3m @ 123.66 g/t Au.
The news results are from its drilling campaign at the OYG JV, in conjunction with its joint venture partner Venus Metals Corporation, which forms part of the wider Youanmi Gold Project.
Managing Director Alex Passmore said drilling was completed on the 20th of December with a significant amount of samples (approximately 1,500m) still in the process of being assayed.
The JV (Rox managed) recently conducted a series of RC holes to the north drill hole MLRC020 to test the continuity of new zone of mineralisation intersected in that hole.
Mr Passmore said drilling beneath and along strike from the new zone of mineralisation (now named Grace Prospect) has intersected spectacular grades and has defined a southerly plunging lode system on a steep westerly dipping structure that is broadly along strike from the historic Peru Lode and Airstrip Lode.
“We are very pleased to report these follow on high-grade results and look forward to providing further information once interpretation of the results has been completed,” Mr Passmore said.
“While early stage, these results are considered highly encouraging. In historical mine records there is reportedly free-milling gold mineralisation present within the Youanmi granite to the east of the Main Lode Shear Zone (i.e. away from the granite – greenstone contact).
“Interpretation is ongoing, however Rox and Venus are highly encouraged by the tenor of these intercepts and the JV will be undertaking follow on drilling in CY2020,” Mr Passmore said.