Rox Resources is in the midst of a new drill programme at its Reward zinc and lead project in Queensland. The drill programme focussed on the Teena prospect and is the first drilling undertaken on the site in many years. The assay results from the first completed hole have returned significant zinc grades. There are further assay results pending.
The assay results from hole 2 are pending. The company has indicated that the core of hole 2 showed visual zinc and lead mineralisation similar to the core of hole 1. Confirmation of the results from hole 1 with those of hole 2, could indicate the discovery of a major new zinc and lead deposit. We will monitor the results from the remaining holes in the current drill programme with great interest.
Alot of support from various analysts on this one.
RXL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
