High-Grade Results Continue At OYG JV Area
Rox Resources Limited (ASX: RXL) has confirmed granite-hosted gold mineralisation along 2.5km of strikein the Grace structural corridor at the Youanmi project within the OYG JV area in Western Australia.
With the receipt of new drilling results the company has refined its interpretations and exploration model for gold mineralisation that continues to be discovered within the Youanmi Granite.
The current RC drill programme, which is focussing on the Grace prospect, commenced in late May 2020 and is planned to consist of 126 holes for 16,000m of drilling.
The current RC drill programme, which is focussing on the Grace prospect, commenced in late May 2020 and is planned to consist of 126 holes for 16,000m of drilling.
Recent drilling at Grace has intersected impressive gold grades. Including 2m @ 12.31g/t Aufrom 195m and 4m @ 5.01g/t Aufrom 173m within an impressive broader 49m mineralised zonecomprising 25m @ 2.39g/t Au(from 173m) and 24m @ 1.04g/t.
At Grace North, one-metre samples collected from previously reported four- metre composite samples have returned high grade confirmatory results including: 1m @ 63.68g/t Aufrom 49m to end of hole 3m @ 10.27g/t Aufrom 19m
Managing Director Alex Passmore said Grace continues to deliver impressive, high-grade results.
“I am particularly excited by the extent of mineralisation encountered in drill hole RXRC292 which demonstrates that not only does Grace carry very high gold grades, with 49 metres of mineralisation intersected there is potential for significant tonnages to be delineated.”
The company has now defined a mineralised corridor within the Youanmi granite up to 1.5km to the north of historical mine infrastructure . This corridor has mineralisation developed variably over a strike length of 2.5km. Key areas within this corridor include Grace, Grace North, and Plant Zone. Mineralisation is hosted within brittle-ductile fault-fracture arrays within the Youanmi granite and is associated with quartz-sericite alteration.
This north-trending corridor is interpreted to be related to a series of brittle-ductile accommodation structures within the Youanmi granite which developed during ductile deformation along the bounding Youanmi and Main Lode shear zones. This is one of the key mineralising events in the field and is characterised by north-south trending structures rather than the more NW-SE trending structures mined historically at Youanmi. Parallel structures within the Youanmi granite are to be tested over the coming months, with potential to extend mineralisation further to the northeast.
