- Rox Resources (RXL) confirms at least 160 metres of further mineralisation at the new Midway lode within its Youanmi Gold Project in Western Australia
- The latest results include an eight-metre intersection at 5.1 grams per tonne (g/t) gold from 212 metres, following up on previous high-grade hits at the lode
- Rox says both the previous and new results continue to define the continuity of Midway, which remains open along strike and down dip
- Follow up drilling has been planned to incorporate the new results into the existing Youanmi resource
- Rox shares are up 1.56 per cent to 32 cents at 12:17 pm AEST
Rox Resources (RXL) has confirmed at least 160 metres of further mineralisation at the new Midway lode within its Youanmi gold project near Mt Magnet in Western Australia.
Recent drilling at this newly-discovered zone returned hits including an eight-metre intersection at 5.1 grams per tonne (g/t) gold from 212 metres, which included a four-metre zone at 9.45 g/t gold and another four-metre zone at 6.03 g/t gold.
This followed previous drilling at Midway, which intersected high-grade gold mineralisation with results of four metres at 45.5 g/t gold from 341 metres including 1.33 metres at 129.3 g/t gold from 341.75 metres.
Rox said the new results continued to define the continuity of Midway, which lies in an underexplored hanging-wall area and remains open along strike and down dip.
“These results from Midway extend the known extent of the lode significantly up-plunge and demonstrate good continuity,” Rox Managing Director Alex Passmore said.
“This prospect has strong potential for contributing additional ounces to the overall project resource and highlights the potential for new high-grade lodes in a previously untested area.”
Rox has now planned follow-up drilling to incorporate the new results into the existing Youanmi resource.
The Youanmi project is held in a 70/30 joint venture between Rox and Venus Metals (VMC).
Rox shares were up 1.56 per cent to 32 cents at 12:17 pm AEST.