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Rox Resources Limited

Rox Resources drills high-grade gold in first program at Currans Find

Currans Find is on a granted mining lease that historically produced gold grading 13 g/t.

joint venture concept illustrated by two puzzle pieces
Follow-up drilling by the joint venture is planned to test down-plunge targets

Rox Resources Ltd (ASX:RXL) and its joint venture partner Venus Metals ASX(:VMC) have received their first set of drill results from Currans Find within the Youanmi Gold Project in Western Australia.

The 25-hole reverse circulation (RC) program targeted two prospects – Currans Find North, and the Red White and Blue Workings.

Highlights from Currans Find North include 6 metres at 9.82 g/t gold from 36 metres and 4 metres at 5.72 g/t gold from 60 metres.

Highlights from the Red White and Blue Workings include 1-metre at 10.79 g/t gold from 25 metres at 4 metres at 4.81 g/t gold from 36 metres.

The results from these two prospects demonstrates continuity of high-grade gold mineralisation along strike and, particularly, down plunge.

READ: Rox Resources commences drilling at Currans Find

The Youanmi Gold Project hosts a 1.19 million-ounce JORC-compliant resource grading 2.97 g/t gold.

Notably, the historical mine at the project ceased operation in 1997 when the gold price was just above $400 per ounce.

READ: Rox Resources spins drill bit for gold at Mt Fisher

Rox recently commenced a substantial drilling program at its  Mt Fisher Gold Project located in the north eastern Yilgarn Craton of Western Australia.

The 8,000-metre reverse circulation (RC) and aircore drilling program will run for five weeks.

Drilling is targeting shear zone hosted gold mineralisation in mafic or ultramafic bedrock delineated by earlier shallower drilling.

The Mt Fisher Proejct is located a region featuring a number of million+ ounce gold deposits.

Rox delineated an 89,095-ounce gold deposit grading 2.70 g/t gold in July 2018 at Mt Fisher that this drilling intends to expand.

Quick facts: Rox Resources Limited

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Market: ASX
Market Cap: $33.57 m
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