- Rox Resources (RXL) and joint venture partner Venus Metals (VMC) update the market regarding drilling at the Youanmi Gold Project in Western Australia
- Drilling in September confirmed a new high-grade hanging wall shoot 300 metres south of the Youanmi underground mine
- Two further diamond holes were recently drilled to follow up on the previously reported intersection where up to 129.3 g/t gold was encountered
- Grades from this drilling peaked at 21.03 g/t gold and follow-up drilling is planned to incorporate the hanging shoot into the resource update
- Shares in Rox are up 3.95 per cent on the market and are trading at 39.5 cents
Rox Resources (RXL) and joint venture partner Venus Metals (VMC) have updated the market regarding drilling at the Youanmi Gold Project.
The Youanmi Project lies 480 kilometres northeast of Perth and 400 kilometres east of Geraldton in Western Australia.
Drilling in September confirmed a new high-grade hanging wall shoot 300 metres south of the Youanmi underground mine.
Two further diamond holes were then drilled to follow up on the previously reported intersection of four metres at 45.5 grams per tonne (g/t) gold from 341 metres, including 1.33 metres at 129.3 g/t gold from 341.75 metres.
Both holes intersected a similar style of mineralisation.
Best results include 3.62 metres at 6.49 g/t gold from 315.42 metres, including 0.86 metres at 21.03 g/t gold, and 3.87 metres at 9.9 g/t gold from 328.33 metres, including 2.45 metres at 15.02 g/t gold.
This hanging shoot remains open at depth and along strike and shows a strong potential for economic mineralisation to be developed in the area.
Follow-up drilling will be completed at the shoot to incorporate it into the next resource update.
“The hanging wall lode is emerging as a potential new ore body and is an exciting zone of mineralisation within a previously untested area,” Managing Director Alex Passmore said.
“These results confirm the continuity of this zone which we now look forward to expanding with further step-out drilling.”
Shares in Rox Resources were up 3.95 per cent on the market and were trading at 39.5 cents at 1:11 pm AEDT.