Rox are very busy working on developing an exploration plan for a range of compelling targets described in recent anns and listed in the recent job advert for a Senior Geo (below).
Near mine targets lit up in the recent IP Survey will be a high priority in the exploration plan.
These
have potential to either deliver a new discovery or cumulatively to provide enough feed to upscale the concentrate model in the Rox Scoping Study
Linda Gossan with an outstanding high grade first hit from ground level is likely to be another target and Rox may well be surveying the site right now.
Note that Rox’s Exploration Manager Travis Craig described the project as exceptionally well funded. This seems at odds with the apparent current cash of around $2m or perhaps less?
Rox may well be in advanced talks with several instos who are keen to invest now Rox is the 100% owner of Youanmi and while the share price is so low and prospects so bright. The company undervalued by any metric. (3.2m oz of gold and valued at less than $80m)
Rox is developing its exploration plan for a range of compelling targets and this cannot be rushed despite the falling share price.
My opinion
Thanks HotCopper for resolving issues.
(20min delay)