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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