Rox Resources (ASX:RXL) finds further positive results at...

Rox Resources (ASX:RXL) finds further positive results at Youanmi

Mining

ASX:RXL MCAP $67.77M

Lisa Simcock Markets Reporter [email protected] 06 September 2021 10:10 (AEST)


View of Youanmi Main Pit looking northwest. Source: Rox Resources.

• Rox Resources (RXL) progresses the Youanmi Gold Project, near Mt Magnet in Western Australia
• Highlights from this latest round of drilling include four metres at 45.5 grams per tonne (g/t) of gold from 341 metres, including 1.33 metres at 129.3g/t of gold from 341.75 metres
• Drilling at Youanmi continues, with diamond and reverse circulation rigs operating on the project
• Latest drilling results further encourage and confirm the continuity at Youanmi Main Lode

Rox Resources (RXL) and joint venture partner Venus Metals Corporation (VMC) has further progressed the Youanmi Gold Project in Western Australia.

Drilling at Youanmi continues with diamond and reverse circulation rigs operating on the project.
Highlights from this latest round of drilling include four metres at 45.5 grams per tonne (g/t) of gold from 341 metres, including 1.33 metres at 129.3g/t of gold from 341.75 metres.

These results encourage and confirm the continuity of the Youanmi Main Lode structure at depth.
The company said drilling remains on track to deliver further increases in the Youanmi gold resource.
Rox's Managing Director Alex Passmore was pleased with the results.

"This an exciting development as it lies within a previously untested area," he said.

"In addition, extension and infill drilling at Junction continues to deliver high-grade results that will contribute to resource growth at Youanmi and is likely to add ounces in crucial areas that will improve project economics."


Notably, Rox is awaiting results from 13 reverse circulation and 11 diamond holes, in addition to 13,000 metres of aircore undertaken on regional prospects.