RXL 7.14% 13.0¢ rox resources limited

While we are waiting for the Y South drilling assays Rox's...

  1. 10,075 Posts.
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    While we are waiting for the Y South drilling assays Rox's second most promising new discovery is surely in the works for a couple of follow up AC holes.
    Linda Gossan is in highly prospective gold country with an abundance of gold pathfinder minerals. Gossans are weathered mineral outcrops that host world class mines in many other locations. Venus drilled the first hole looking for VMS mineralization and made the very high grade hit from the surface. Now Venus and Rox have consolidated Linda Gossan is 100% Rox.


    https://hotcopper.com.au/data/attachments/5218/5218982-52aa12b2dfeb55004a5b192a3c237b95.jpg


    The location (below) is interesting. Gold ore could be trucked to the planned Rox plant at Youanmi but is also close to Ramelius Resources' mill at Mt Magnet.
    Ore will soon be trucked from RMS's Penny Gold project at Youanmi with a mine life of only 3 years but Linda is closer and would be of high interest to RMS.
    if Linda Gossan turns out to be a major new discovery then it will be off to the races for Rox. If it's a small high grade deposit it could facilitate the development of Youanmi Gold or as a sale to RMS could provide a large cash boost to Rox.


    https://hotcopper.com.au/data/attachments/5218/5218984-36204ee1c7e109cb52abaeb82ee89a4e.jpg
 
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