RXL 3.33% 15.5¢ rox resources limited

the ann

  1. 332 Posts.
    Rox lifts Myrtle resource
    12:26, Monday, 15 March 2010

    Sydney - Monday - March 15: (RWE Australian Business News) - Rox
    Resources Ltd (ASX:RXL) today announced a revised resource estimate
    based on results from recent drilling at its Myrtle zinc-lead project
    20km south of the McArthur River mine in the Northern Territory.
    The revised resource contains 13pc in the Indicated category and
    represents an 18.5pc increase in tonnes and 14.7pc increase in contained
    metal over the previous estimate.
    The resource is still open to the north and west and at a lower
    cutoff of 3pc zinc + lead is 43.6m tonnes at 4.09pc zinc and 0.95pc lead
    for 5.03pc zinc + lead.
    The resource contains 2.193m tonnes combined insitu zinc and
    lead metal, comprising 1.78m tonnes of zinc and 412,000 tonnes of lead.
    At a higher cutoff of 5pc zinc + lead the resource is 15.3m
    tonnes at 5.45pc zinc, 1.40pc lead for 6.84pz zinc + lead.
    ENDS rx

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