RXL 12.5% 18.0¢ rox resources limited

Ann: Aircore commences on Rox 100% owned Youanmi tenements, page-60

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    Visible Gold.

    Look at the DD locations (also refer 7th October ANN). These are pretty much all (IMO) going to be headline holes.

    DD01 was abandoned at 70m (?)
    DD02 and DD03 have been sunk where the visible gold was previously encountered - or grades where gold is deemed visible ( >30g/t). They should assay very well.

    Figure 1, DD04; the subject of the visible gold in core in the photo is a new deeper location, ~200m down dip of DD03 and previous RC287 which had 25m @ 34g/t. This is very good.

    RC312 assay'd 3m @ 5.72g/t - end of hole, and that hole is 50m up dip of DD05 in a generally untested area however only 100m along strike from DD04 at the same depth...

    My interpretation and summary:
    DD02 and DD03; Headliners.
    DD04 extension of resource - visible gold and new zone; Headliner
    DD05 - looking to me like a very nice bonus; further extension and new zone. If so, Headliner.

    I want to see how DD06 and DD07 come back (Grace North) with DD06 plunged into the zone where RC239 gave up 13m @60.49g/t inc 4m @139g/t. Assume more visible gold here.... I also think this is near the old Peru Shaft. Makes sense!

    DD08 to DD10 were only drilled to 70m, 41m and 41m respectively.. All shallow. These are North of the encountered zones, assays pending.

    Current air core and the new target areas:

    RXAC022 returned 4m @15g/t from 36m. Note blade refusal was encountered at between 40&50m, so potentially EOH.
    RXAC022 is part of 251 holes for 11,500m and all holes have been drilled YET, the first batch of assays return this very good, shallow grade result and this location is in the middle of the prospective areas (when referring to location). How's that?
    Highest priority target, and suggest the handheld XRF has been working OT, and ROX is being very selective in what has been drilled, and what get's prioritised and sent for assay - in what order. Simple.

    But to prioritise the area, and get very good grades in the first pass of AC - at EOH is very good; not sure this has been fully digested. On the back of this, they have this new AC program in new, 100% ROX tenements along the same signatures.

    SAM has not been run over our 100% tenement areas, they used historical MAG (this is in the ANN). This (the targets generated) is all from modelling based on what this drilling program at Grace has uncovered.





 
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