Join our daily newsletter At The Bell to receive exclusive market insights
- Rox Resources (RXL) commences further reverse circulation drilling at Mt Fisher gold project in the Northern Goldfields in WA
- The program will include 16 holes and has begun at the Damsel Prospect to follow up on results announced in April where a thick shallow zone of high gold grades was intersected
- Further, a high-grade component of Damsel will be drilled out to support resource estimation
- RXL shares are up 1.96 per cent and trading at 26 cents each at 1:12 pm AEST
Rox Resources (RXL) has commenced further reverse circulation drilling at Mt Fisher gold project in the Northern Goldfields in WA.
The program will include 16 holes, for 2000 metres, and has begun at the Damsel Prospect to follow up on results announced in April where a thick shallow zone of high gold grades was intersected.
Further, a high-grade component of Damsel will be drilled out to support resource estimation.
Results from previous drilling include 18 metres at 6.99 grams per tonne (g/t) gold from 69 metres including 10 metres at 10.27g/t gold from 74 metres.
Mt Fisher is an early-stage project within Rox’s project pipeline that includes the Youanmi gold project.
Rox says the project’s mineralisation is open down dip and down plunge.
“Following the high-grade results recently reported from the Damsel prospect at Mt Fisher the project has been elevated in priority within the company,” Managing Director Alex Passmore said.
“We look forward to drilling out this potential new high-grade lode at the project. Damsel is located within a one-kilometre long gold anomaly showing grades greater than one g/t gold.”
On the market, RXL shares were up 1.96 per cent and trading at 26 cents each at 1:12 pm AEST.
