RXL 0.00% 14.0¢ rox resources limited

Ann: Youanmi (Grace) Shallow Drilling Delivers More High Grades, page-345

  1. 4,103 Posts.
    lightbulb Created with Sketch. 1866
    For anyone new here i suppose this short write up gives a quick summation of where were at with the grace prospect

    as in

    1 work completed

    2 Assays pending

    3 Next Steps

    These results have been received for 49 holes from a reverse circulation (RC) drilling program.
    Drilling is designed to infill drilling coverage on the shallow, high-grade section of the Grace prospect.
    So far, roughly 3700 metres have been drilled, while this program is ongoing to test depth extensions and facilitate a resource estimation.

    Best results from the Grace prospect include; four metres at 88.81g/t gold from 27 metres,
    including two metres at 176.03g/t gold from 28 metres,  11 metres at 18.75g/t gold from eight metres,including three metres at 61.27g/t gold from 10 metres, nine metres at 9.28g/t gold from nine metres, including two metres at 33.53g/t gold from 11 metres, including four metres at 7.56g/t gold from 17 metres.

    Pleasingly, these assays increase the extent of mineralisation of the shallow, near-surface lode at Grace and confirm the results received to date.

    "These strong infill results are extremely encouraging and endorse our interpretation for Grace," Rox Managing Director Alex Passmore said.

    "The results, along with outstanding RC assays, will be complemented by upcoming diamond drilling to facilitate a maiden resource estimate, which we are aiming to have completed later this year," he added.

    Deeper step-out drilling is ongoing and assays for another 15 holes are pending.


    rox pending.png
    What will Monday Bring
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
0.000(0.00%)
Mkt cap ! $57.21M
Open High Low Value Volume
14.0¢ 14.0¢ 13.5¢ $9.496K 69.78K

Buyers (Bids)

No. Vol. Price($)
2 114256 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 8500 1
View Market Depth
Last trade - 14.22pm 13/08/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.