The comprehensive study of the Youanmi Mine in 2006 by Ravensgate,
supports the focus of the drilling campaign on Pollard and the corridor
between Paddy’s and Pollard.
The data-set used for SG determinations extended along most of the
strike length of the deposit; but with sparse coverage in the Pollard
area. The available assay data was used to define the main
mineralisation surfaces where necessary. However, the 9 RAB
drillholes at Pollard were of very shallow nature and have little or no
bearing upon the underground resource,
Somewhat contrary to Rox’s explanation that mineralisation was not
thought to continue at depth beneath Pollard, it was water ingress that
halted mining.
The drilling of stopes will almost certainly deliver some impressive high-
grade intercepts and as well there is a good chance of a major discovery.
Rob Ryan thinks so too, note his re-rating conviction in his recent
presentation.
@ Antitam. Redscope Enterprises is a wholly-owned subsidiary of Venus
Metals. The MD of Venus is a director on the Rox Board. A director selling
down is not a good look and Venus should have reported its sale to the
ASX on 25th June but appears not to have done so. Draw your own
conclusions but this is not unexpected. Venus is desperate for money to
fund its new project so selling a few Rox shares should not surprise.
(20min delay)