RXL rox resources limited

Potential new gold discovery at Pincher Well.

  1. 10,075 Posts.
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    • Strong gold mineralization encountered at Linda Gossan Prospect:

      VMC054: 9m @ 15.6 g/t Au from surface including 3m @ 35.2 g/t Au from 1m

    Venus and Rox are 50/50 partners in this prospect.
    Venus has announced an outstanding shallow gold result.
    Pincher Well was considered to be a base metals project (copper and zinc) so Venus drilled it as they have 100% rights to base metals at Youanmi.
    The gold result announced today was completely unexpected, which is often the way major gold discoveries are made.
    The strike length is 5 kms with 12 widely spaced RC holes.
    Venus told me today that they will now convene a JV meeting with Rox to discuss the exploration program to follow up this find.
 
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Last
31.5¢
Change
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Mkt cap ! $235.1M
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