CEO, Alex PassmoreSource: The Market Herald
- Rox Resources (RXL) and joint venture partner, Venus Metals (VMC), have intersected high-grade gold at the Sovereign prospect
- Sovereign is part of the Youanmi Gold Project in Western Australia
- The companies have conducted reverse circulation (RC) drilling to follow-up on previous aircore and RC drilling which returned high-grade results
- Building on this, latest results returned gold grading up to 5.03 and 15.83 grams per tonne
- Based on ground‐magnetic data, the companies have identified six targets
- One of the targets is located immediately west of Sovereign and drilling is planned to test west and southwest of the prospect
- Rox's shares are trading 1.61 per cent higher for 6.3 cents and Venus Metals' shares are trading 3.77 per cent higher for 27.5 cents