RXL rox resources limited

Ann: More high-grade drilling results at Link, page-14

  1. 10,075 Posts.
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    This is the most important part of today's ann imo.

    “Assays are still pending from the recent diamond drilling programs at Link and Paddy’s Lode and, with an important phase of RC drilling currently underway at Paddy’s Lode targeting shallow extensions of the discovery and potential supergene mineralisation, investors can look forward to continued strong news-flow over the coming weeks.”
    We are waiting on 4 pending drill results from Paddy's Lode. They are long DD with many cores to fire assay so perhaps in the next 2 or 3 weeks?
    The drill campaign currently ending at Paddy's with results in July could have the best results yet because the gold will be oxide and likely potentiated by Supergene enrichment as per a recent post I made (Supergene enrichment process shown below).
    The shallow results could change the processing model in the Scoping Study from a concentrate to producing gold bars. This would be tempting if there is shallow bonanza grade oxide gold and the deeper slightly refractory gold could be liberated with a standard CIL mill with an extra fine crushing module. After processing the oxide and slightly refractory ore, Rox could add an Albion module to process the deeper more refractory ore.
    The next few weeks will potentially see Rox shares at 50 cps imo.


    https://hotcopper.com.au/data/attachments/5348/5348127-b6066713510cd7c18d9639ae104131fc.jpg

 
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