Rox has always had the dual aims of restarting. the Youanmi Gold mine and exploring along the highly prospective shear zone, and at Fisher Gold and Eureka. But an outstanding hit announced in October last year has not yet been followed up. Rox is very focussed on its Youanmi project and while cashed up for at least this year would be watching expenditure very closely. And Rox has only been a 50/50 stakeholder of Linda Gossan That has now changed and Rox is the 100% owner Following up this first hole drilled by Venus, as they explored for VMS, would have to be back on the Rox agenda imo. The gold runs from 1m deep so a couple of cheap AC holes would start to size up this resource. It could be big, gossans are the weathered mineralised outcrops of deposits often known as gold signposts.. The gossan is close to Ramelius Resource's mill at Mt Magnet and with Penny Gold is mined out within 3 years another high grade gold resource within trucking distance of the mill would be very desirable.
My opinion DYOR
RXL Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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