There has been much dismissive talk (well from 1 anyway) of our exploration drills only drilling 100m (on average)
Lets look at what our neighbours have found at 100m or less
Rox Resources Limited (ASX:RXL) (FRA:RR3) added up to 16% during intraday trading after unveiling its best results ever from drilling at the Youanmi joint venture gold project with Venus Metals Corporation Limited (ASX:VMC).
Western Australian company Rox reported the highest grades seen so far in its drilling program at the project, 480 kilometres northeast of Perth. High-grading intersections at the unmined area Youanmi South, southeast of the Main mine area, included 12 metres grading 12.7 g/t gold from 80 metres and another 12 metres in a different hole grading 8.5 g/t from 44 metres.
Standout intersections from Youanmi South, which has similarities to the Main Lode style, also included 4 metres grading 11.2 g/t from 110 metres and 4 metres grading 7.6 g/t from 76 metres, in two additional holes.
The company is also drilling at Plant Zone, and said the target “continues to define shallow, potential ‘baseload mill feed’ with new results showing continuations to shallow mineralisation.” Intersections from three holes at Plant Zone included: 4 metres grading 5.6 g/t from 24 metres; 30 metres grading 1.0 g/t from 96 metres, in a depth continuation; and 14 metres grading 1.7 g/t from 70 metres in another depth continuation.
Rox believes Plant Zone could potentially host bulk tonnage mineralisation from surface.
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