Further Drilling Success At Youanmi Gold Project In WA
West Australian focused gold exploration and development company, Rox Resources Limited, in conjunction with its joint venture partner Venus Metals Corporation Limited (ASX: VMC), continues to obtain promising on drill results from the Youanmi Gold Project near Mt Magnet, WA, in the OYG JV area (Rox 70% and Manager, VMC 30%).
Drilling continues at Youanmi, with diamond and RC rigs operating at the OYG JV.
Highlights of this round of results are 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m intersected in RXRC412, 0.5m @ 77.49g/t Au from 277.8m and 0.75m @ 19.66g/t Au from 270.9m intersected in RXDD030 and 1m @ 11.05g/t Au from 389m intersected in RXDD019.
“We continue to see excellent drill results from the current program at Youanmi. These latest assays deliver an expansion of the mineralised zone at the Link Prospect adding further confidence to the potential for resource additions in this key area located in close proximity to existing underground workings,” Managing Director, Alex Passmore, said.
RXDD019 extends a zone of high-grade mineralisation more than 200m from the current resource and highlights the extensive down-plunge continuity of high-grade ore zones. RXDD021 indicates that the mineralised structure continues down-plunge with drilling around this zone likely to see increases in gram metre results.
RXRC412 and RXDD030 were successfully targeted to expand the high-grade resource envelope to the north and down plunge.
Resource Growth at Link Prospect
Drilling is focussed on growing the recently reported resource inventory at Youanmi [1.7Moz at 2.85g/t Au through resource extension and indicated resource conversion drilling in the near mine areas.
The results reported in this announcement demonstrate continuity of high-grade mineralisation at Link prospect for further increases to the Youanmi mineral resource.
The results include:
- RXRC412: 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m.
- RXDD030: 0.5m @ 77.49g/t Au from 277.8m and 0.75m @ 19.66g/t Au from 270.9m
- RXDD019: 1m @ 11.05g/t Au from 389m
- RXDD021: 0.7m @ 11.06g/t Au from 289.35m
The intersection in RXRC412 of 8m @ 6.24g/t Au from 249m, including 3m @ 12.1g/t Au from 250m is approximately 80m northwest along strike of previously reported diamond hole RXDD018: 6.8m @ 11.98g/t Au from 264m, including 2m @ 37.65g/t Au from 269m and 4.9m @ 6.51g/t Au from 250m.
Intersections in RXDD019 of 1m @ 11.05g/t Au from 389m and RXDD021 of 0.7m @ 11.06g/t Au from 289.35m are approximately 80m northwest along strike and over 140m down dip (respectively) from previously reported diamond hole RXDD026: 7.25m @ 15.02g/t Au from 315.8m, including 2.9m @ 22.37g/t Au from 320.1m.
Mineralisation at Link continues to remain open down plunge to the northwest and up dip to the southeast. The identification of high-grade mineralisation in extensional drilling continues to demonstrate the potential for further resource growth.
Results are pending for 22 RC and 17 diamond holes. Drilling is ongoing.
For further information please visit: https://www.roxresources.com.au/
