- Rox Resources (RXL) and Venus Metals (VMS) intersect gold mineralisation at the Link Prospect at the Youanmi Gold Project in WA
- Assay results have been received for seven holes from a reverse circulation program at Link, with best intercepts including 3 metres at 4.42g/t gold
- Results for a further eight reverse circulation and nine diamond drill holes are still pending at the Junction and Link areas, with drilling ongoing
- Rox Resources last traded at 2.9 cents, while Venus Metals last traded at 20 cents on July 7
Australian gold company Rox Resources (RXL) has intersected gold mineralisation at the Link Prospect at the Youanmi Gold JV Project in WA.
Youanmi Gold is a joint venture project between Rox Resources and Venus Metals (VMC), located near Mt Magnet.
Assay results have been received for seven holes from a current reverse circulation program underway at Link, with best intersections including 3 metres at 4.42g/t gold from 101 metres and 5 metres at 5.96g/t gold from 138 metres.
The results also defined a zone of high-grade mineralisation close to both the base of historic open pits and existing underground development.
Rox says the results continue to demonstrate that Link has strong potential to significantly enhance near mine gold inventory.
“Exploration at Youanmi continues to be very active with our rig count growing,” Managing Director of Rox Resources Alex Passmore said.
“It’s highly encouraging to report new mineralised positions previously unrecognised close to existing mine development.”
Results for a further eight reverse circulation and nine diamond drill holes are still pending at the Junction and Link areas, with drilling ongoing.
The current program is testing depth extensions to high-grade ore shoots down plunge at the Junction and Link prospects. Step out drilling will also aim to identify recurring northwest plunging ore shoots within southwest plunging mineralised envelopes.
Rox Resources last traded at 2.9 cents, while Venus Metals last traded at 20 cents on July 7.