Some more detail on the impressive hit today. The intersections of high-grade gold at VMC0054 are all within just 9 m of the surface. If more gold can be found at such shallow depth the AISC would be less than $1000 oz gold making it hugely profitable This is almost certainly free milling oxide gold but metallurgic analysis is needed. This could be another Penny Gold project. Trucking Pincher ore to Rox's planned mill about 50 kms distant would be an attractive proposition and would boost Rox's progress towards early production.. Note the scale of this diagram. There is plenty of room for a major discovery at the Linda gossip with the France gossin not yet drilled. A pity that VMC0055 could couldn't be completed. Next step would be to intensively drill the 2 gossans. Rox and Venus will be holding a JV meeting soon to plan the way forward.
My opinion DYOR
RXL Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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