West Australian gold exploration and development company, Rox Resources (ASX: RXL), has received further high-grade returns in the third batch of assays from its 11,000m DD and RC program at the Youanmi Gold Project in WA.
The programme is focused on converting selected Inferred stopes at Pollard, United North and Youanmi Main to higher confidence Indicated classification and provide material for metallurgical testing for an upcoming Definitive Feasibility Study (DFS).
This consignment of diamond and RC assay results are the third batch of assays results returned from the drill programme and have been entirely drilled within the Pollard Resource. Additionally, a new mineralisation zone outside the Pollard Resource (Interceptor Prospect) was unexpectedly discovered in RC pre-collar drilling higher in the hanging wall and above the Pollard lodes of the Youanmi Resource.
Core processing, sampling and assays remain outstanding for diamond drill hole tails at Youanmi Main, United North and two holes at Pollards and are expected to be received before the end of the year.
Importantly, Rox has more sample material for metallurgical test work underway as it advances the Youanmi Definitive Feasibility Study.
“The Rox exploration team has delivered more strong results. This latest batch of assays will be important to converting Inferred areas of the Resource to the higher confidence Indicated classification,” CEO, Phillip Wilding, said.
“More excitingly, seeing these high-grade results in Pollard, along with the previously announced results in United North, really emphasises the potential for these high-grade shoots to extend, and will help with planning our next program to extend these resources that are still open. Pollard has been a very under explored area and has the potential to add significant ounces to the mine plan.”
“The discovery of a new mineralised zone outside the Youanmi MRE is yet another example of the strong potential to add further high-quality ounces to the Resource.
“Rox’s 11,000m diamond and reverse circulation drilling program has been completed, with all assays expected before the end of the calendar year. We look forward to updating the market once results are received.”
Youanmi Major Growth Drill program
Resource drilling has focused on converting selected Inferred stopes in the current Mineral Resource of 16.2Mt at 4.4g/t Au for 2.3Moz to higher
confidence Indicated classification at Pollard, United North and Youanmi Main.
The drilling has also provided both sample material for metallurgical testing and valuable geological data for the pending DFS planned for 2025.
