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Rox Resources Ltd (ASX:RXL) has extended mineralisation of the Paddy’s Lodes prospect in Western Australia, as assays from the company’s 11,000-metre diamond drilling program showed grades of up to 16.71 grams per tonne (g/t) over 3 metres.
Five diamond holes were drilled at the prospect – located 200 metres south-east of Rox’s 2.3-million-ounce Youanmi gold project – all in WA’s Murchison.
Assays included 3.00 metres at 16.71g/t from 111 metres, 2.42 metres at 15.44g/t from 264.25m, 3.95 metres at 4.69g/t from 176 metres, 1.00 metres at 14.34g/t from 111 metres, and 1.90 metres at 6.75g/t from 357.46 metres.
This shows the continuation of mineralisation at Paddy’s Lode, down-dip and along strike.
Rox is continuing both diamond and reverse circulation (RC) drilling at the Youanmi project, in-line with a major drilling program announced in August.
’ Chief executive officer Robert Ryan said the results reinforced positive expectations for the project.
“The highly successful recent drilling at Paddy’s Lodes reinforces the strong growth potential at Youanmi,” he said.
“Since the discovery of Paddy’s Lodes in 2023, we have strengthened our geological understanding of the controls on the high-grade mineralisation through increased structural and geochemical analysis.
“The results have shown that there is significant potential within the >200m long, corridor between Paddy’s and Pollard to grow the Resource and increase the life and scale of the Project outlined in the recent PFS.”
Investors seemed to like the news, and at 12:00 AEST, shares in Rox were trading at 13 cents – a rise of 4% since the market opened.
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