Australian gold and nickel company, Rox Resources Limited ("Rox" or "the Company") (ASX: RXL) is pleased to update the market on its exploration activities.
Highlights:
Drilling programs at the Rox-managed Youanmi Gold Project (OYG JV1 ) are ongoing
Samples from +6,500m of Grace Prospect drilling are awaiting assay with samples from all but one hole of January drilling still outstanding.
Rox has commenced field work targeting Gold and Nickel at both its 100% owned Mt Fisher Project and at the Mt Eureka JV
Following the assaying of samples from the first RC drill hole (RXRC158) of the 2020 program at the Grace Prospect, the lab being used (a global major in the sector) has reported a very significant increase in work load and assay turnaround time. Assay results are now commonly taking up to 5 weeks to be received.
Rox has not received any further assays from the Grace Program since the first hole which was announced to the ASX on the 18th February 2020. The company looks forward to providing progressive updates as soon as more assay results are received, with the 2020 drilling program having commenced in January.
Rox is planning to commence resource estimation work on the Grace Prospect in March 2020, when sufficient results have been received.
The company is also pleased to announce it has established its field camp at Mt Fisher and is commencing field work on the above projects.
Initial work comprises VTEM surveying in northern and southern most parts of the tenement package, aircore drilling of previously identified EM anomalies, and RC drilling of new targets identified from EM and structural geological reviews. The company looks forward to updating the market on these programs which should extend through until July.
The company is also pleased to announce it has established its field camp at Mt Fisher and is commencing field work on the above projects.
Initial work comprises VTEM surveying in northern and southern most parts of the tenement package, aircore drilling of previously identified EM anomalies, and RC drilling of new targets identified from EM and structural geological reviews. The company looks forward to updating the market on these programs which should extend through until July.
Jane Morgan Management
