RXL 10.3% 16.0¢ rox resources limited

Ann: Youanmi Resource Increased to 3 Moz AU, page-61

  1. 1,226 Posts.
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    Great news today.
    In addition to others' comments, I like:
    "All in exploration costs for the project indicate a $7 per ounce discovery cost – an exceptional result."
    and:
    "Rox has used in-house expertise to complete the Youanmi Deeps Resource update and engaged CSA Global to conduct independent checks of the modelling process...
    Managing Director Alex Passmore commented:
    “We are delighted to announce this substantial upgrade to the Youanmi Gold Project Mineral Resource Estimate following the successful execution of our targeted infill, extensional, and discovery drilling strategy. The geology team are to be commended for discovering new gold bearing structures with our targeting strategy showing demonstrable returns, especially at Link, and with additional mineralisation-parallel lodes discovered.""

    That corresponds with what @m0ngy wrote in post Post #: 58595997

    "Another quiet achievement of Rox was staffing the company with world class geos at a time of dire shortage of top geos. Mathew Antill (general manager Youanmi operations) would be snapped up by any mining company in WA and yet he chose to work at Rox, a mere minnow by its market cap.
    With Hawke’s Point joining Rox as cornerstone investors, after months of due diligence, came their input into a technical committee and the use of more high tech geo tools.
    As a result of these changes, Rox focused on project scale reviews and target generation rather than blind drilling.
    At Link, Rox ‘cracked the code’ and can now drill on target with a very high chance of success."

    Good work, m0ngy
    Last edited by largeraj: 20/01/22
 
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