- Underground diamond drilling returns significant intercepts
- Host shear zones observed in all drill holes
- Ore drive development extended beyond mine plan on multiple levels
- Results reinforcing mineralisation extends further than outlined in DFS
ROX Resources (ASX: RXL) has obtained outstanding results from infill drilling at the Youanmi gold mine in Western Australia.
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“Underground infill drilling at United North continues to deliver significant high-grade results, confirming, and in some areas growing, the resource while also further de-risking delivery from the high-grade Youanmi ore system,” MD and CEO, Phill Wilding, said.
“With the initial two levels developed and significantly beyond the original DFS mine plan, the teams are now preparing the updated geology grade control models ahead of production stoping works commencing in coming weeks.
“The surface ore stockpile is also growing with development progressing ahead of plan, reinforcing Rox’s ability to hit the targeted commissioning stockpile of 190,000 tonnes at 3.3 grams per tonne (g/t) gold set in the definitive feasibility study (DFS).
“These results reaffirm what we already knew about Youanmi’s growing potential as a very high-grade gold system. Coupled with the growth drilling program now underway from surface, this activity provides further confidence in our aspiration of becoming a 150,000 ounces per annum operation in future years.”
Diamond drilling at United North remains on schedule, with 19 holes for 3,326m completed in August.
The primary focus of this initial drilling is to ensure that by mid-CY2027, the mine is sufficiently infill drilled to 12 months ahead of mining, de-risking ore delivery to the mill and providing increased operational certainty.
Substantially confirming production stopes in the original DFS mine plan, the results have also established the potential for significant expansion of the upper levels of the United North mine beyond the DFS mine plan.
Ore drive development has continued ahead of the originally scheduled DFS mine plan production rate, with both ore drives extending 125m further along strike than originally designed in the DFS.
Previously reported resource drilling completed from surface supports this ore drive extension. This has been further corroborated from infill underground drilling and production face samples.
Both ore drives are now preparing for production stoping activities to commence once the final grade control model is completed in coming weeks.
Final assay results remain outstanding for both underground resource drilling and production face samples; however, mapped mineralised host shear zones correlate well between both levels.
RXL was steady at 59.5¢ with a Mkt cap of $836.1M prior to markets opening.
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