Further Extends Youanmi Prospect
Rox Resources Limited (ASX: RXL) has significantly extended the known mineralised zone at its Grace Prospect as part of its exploration activities at Youanmi in the OYG JV area in Western Australia.
Managing Director Alex Passmore said the new drilling results continue to refine the company’s interpretations and exploration model for gold mineralisation that continues to be discovered within the Youanmi Granite.
Mr Passmore said these results confirm that Grace mineralisation is hosted within strongly sheared, fractured and altered granite within a broad mineralised corridor trending NNW. This structural corridor within the Youanmi granite, and its orientation, had not been recognised at Youanmi by previous explorers and miners
“We are very pleased to report these follow on results from the ongoing Grace Prospect drilling,” he said.
“Mineralisation strike length continues to grow as we conduct step out drilling with impressive grades being encountered. With a combination of infill RC and diamond drilling we are well placed to deliver a strong maiden resource for Grace in due course”.
A high-grade intercept in gold RXRC239 (13m @ 60.49g/t Au) is 550m along strike of, and within the same mineralised structure as, the previously reported intersection of 25m @ 34.79g/t Auin RXRC287 announced in June.
Elsewhere drilling at the Youanmi Gold Project has continued to deliver impressive gold grades with other highlights including: 4m @ 18.53g/t Aufrom 88m (Grace); 3m @ 22.67g/t Aufrom 10m (Grace); 3m @ 10.26g/t Aufrom 107m (Grace North); and 3m @ 5.72g/t Aufrom 217m at EOH (Grace North).
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. To date, including this announcement, 76 holes have been reported on.
Exploration is also focussed along the mineralised corridor within the Youanmi granite which extends for circa 1.5km to the north of historical mine infrastructure and totals around 2.5km strike length. Ongoing drilling continues to build confidence in the scale and continuity of this recently discovered high-grade structural corridor.
