great announcement , page-7

STRONG CAMELWOOD DRILLING RESULTS
Highlights
? Strong drill results continue to be received, including 6.15m @ 3.3% Ni, 5m
@ 1.8% Ni, and 19m @ 1.3% Ni
? Thicker, higher grade zone indicated by early drilling results
Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce
further drill results from its Camelwood nickel sulphide prospect at Fisher East, located
450km north of Kalgoorlie in Western Australia (Figure 1).
Diamond Drilling
Assays from diamond holes MFED009 and 010 (refer to Figures 2 & 3) were received, and
results above a 1% Ni cut-off were:
MFED010: 6.15m @ 3.3% Ni from 341.11m, including
1.6m @ 5.8% Ni from 342.25m
MFED009: 2.0m @ 1.6% Ni from 401.66m
These results combined with previously reported holes (as set out below) indicate what
appears to be a higher grade, thicker zone of nickel sulphide within the widespread
mineralised system at Camelwood.
MFED001 (11.4m @ 2.9% Ni including 6.4m @ 3.8% Ni),
MFED002 (16.3m @ 1.8% Ni including 6.3m @ 2.5% Ni from 211.7m),
MFED005 (5.7m @ 2.25% Ni including 3.1m @ 3.4% Ni),
MFED008 (1.8m @ 2.8% Ni) and
MFED007 (1.2m @ 5.2% Ni)
Hole MFED010 has also demonstrated the deposit has the ability to host very high grades,
with a narrow zone of massive sulphide mineralisation (0.2m) returning a grade of 11.0% Ni
within the overall 6.15m intercept.
Rox Managing Director, Mr Ian Mulholland commented “These new results are significant
and the result in hole MFED010 of over 6m at 3.3% Ni clearly indicates the economic
potential of the Camelwood prospect.
It’s still very early days at Camelwood, and our drilling is still at a very preliminary stage. Our
current drill spacing is very wide for this type of deposit. ROX RESOURCES LIMITED – ASX RELEASE
12 April 2013
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There is potential to follow this higher grade, thicker zone for at least another 400 to 500
metres down plunge to the north. In addition, now that we have the adjoining tenement
granted we can commence step back drilling to explore the southern portion of the
Camelwood EM conductor at depth which hasn’t been drilled at all.”
RC Drilling
Assays from RC holes MFEC016, 017, 020 and 021 were received, and results above a 1%
Ni cut-off were:
MFEC016: 4m @ 1.1% Ni from 129m
MFEC017: NSR (gossanous zone 56-65m)
MFEC020: 5m @ 1.8% Ni from 141m, and
2m @ 1.5% Ni from 157m
MFEC021: 19m @ 1.3% Ni from 105m
RC hole MFEC017 intersected gossanous material from 56-65m and was followed up by
hole MFEC021 (19m @ 1.3% Ni) drilled beneath it. Assays of the gossanous zone in hole
MFEC017 were in the 0.1-0.5% Ni range.
Looking Forward
Diamond drilling is continuing at Camelwood. Hole numbers are shown on Figures 2 & 3.
Testing of the deeper Camelwood North EM conductor located approximately 500m north of
Camelwood on section 7036700N is currently underway as diamond hole MFED017.
Further diamond drilling will focus on extending the thicker and higher grade zone that is
interpreted from holes MFED002 through MFED001 and MFED010, to the north and down
plunge. In addition drilling to test the southern portion of the Camelwood EM conductor will
be undertaken in the near future.
RC drilling will re-commence in approximately 2 weeks’ time to test for further strike
extensions to the north and south of currently identified mineralisation.
ENDS
For more information:
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