proactive investors article

Rox Resources hits more massive sulphides from drilling at Camelwood
Thursday, March 21, 2013 by Proactive Investors


Rox Resources (ASX:RXL) has returned its best visual intercept to date from drilling at the Camelwood nickel sulphide prospect at Fisher East in Western Australia.

Hole MFEC014 returned 4 metres of massive and 4 metres of semi-massive sulphides included in 30 metres of mineralisation from 144 metres from RC drilling.

This included 25 metres of disseminated sulphides.

RC hole MFEC014 was drilled 350 metres north of diamond hole MFED001.

Diamond drill hole assays exceeded visual estimates, with 16.3 metres at 1.8% nickel, including 6.3m at 2.5% nickel and 0.47 metres at 5.4% nickel from 212.0 metres (semi massive sulphides) in diamond hole MFED002.

Significantly, hole MFED002 was drilled 100 metres south of the first diamond drill hole, MFED001.

Hole MFED003 was drilled a further 100 metres south of diamond hole MFED002 and returned:

- 7.5m @ 1.2% Ni, including 0.4m @ 3.8% Ni from 178.3m (semi-massive sulphide)

Rox managing director, Ian Mulholland said: “This RC result is particularly pleasing being the thickest and most near-surface massive sulphide intersection to date.”

Ongoing drilling

Diamond drilling is continuing at Camelwood in the vicinity of holes MFED001 and 002, but will move soon to test the Camelwood North EM conductor located approximately 500m north of Camelwood.

This conductor appears to be a down faulted offset from the main Camelwood EM conductor.

RC drilling is continuing on 50 metres infill sections along the 700m strike length of Camelwood, plus testing extensions to the north.

The next assays from holes MFED004 to 006 are expected in one to two weeks.

Camelwood nickel sulphide prospect at Fisher East is located 450 kilometres north of Kalgoorlie in Western Australia.



Analysis

Hole MFEC014 was drilled 350 metres north of diamond hole MFED001 and returned a significant intersection at Camelwood from RC drilling. Drilling continues to hit the mark. The story at Mt Fisher continues to build.




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