D10 Ripping Trial Completed To Establish “Free Dig Status”
West Australian focused gold exploration and development company, Rox Resources Limited (ASX: RXL), in conjunction with its joint venture partner Venus Metals Corporation Limited, continue to make solid progress with a range activities at the Youanmi Gold Project.
Much of the recent focus has been on the high-grade, near surface Grace deposit, located within the OYG JV area (Rox 70% and Manager, VMC 30%).
Recent activities have included
- D10 ripping trial completed to establish “Free Dig Status” for mining to 60 metres below surface in the Grace area
- Surface caprock removed to expose high-grade Grace mineralisation for mapping and sampling
- Program will provide key data to evaluate early-stage mining opportunity at Grace as part of Youanmi Feasibility Study
- Four drill rigs now on site continuing both resource and exploration drilling
Aside from its significant investment in drilling the OYG JV has also been conducting a range of activities to evaluate early stage mining opportunities at the near surface, high-grade Grace deposit. This will feed into the broader Youanmi Feasibility Study that has been initiated following the significant resource upgrade for the Youanmi Project.
Managing Director, Alex Passmore, said to drive the Feasibility work programs Rox has recently appointed a highly experienced Mine Planning Engineer.
Managing Director Alex Passmore commented:
“We are very pleased to provide this update on some of the many ancillary exploration and development activities that are happening at Youanmi and to report that the organisation is building out a highly capable team to deliver Feasibility studies on the restart of mining at Youanmi, and ultimately transitioning into development,” he said.
“The Grace orebody has been confirmed as shallow and free-digging in nature. These results support the concept that Grace will be an early contributor to production and cash flow upon the development of the Youanmi project.”.
The Grace Deposit is one of several north-south trending lines of mineralisation that occur within accommodation structures within the Youanmi Granite that are related to geological displacement and emplacement of gold mineralisation at the Youanmi gold project.
Gold mineralisation at Grace is hosted in quartz-sericite altered shear zones within granite. It is characterised by high grade, semi-continuous to discontinuous ore shoots.
To better understand the controls on mineralisation and the style and continuity of structure the Company resolved to cut a “window” into the top of the mineralisation by removing the cap rock in the south end of Grace (with an approved POW for that purpose).
Ditchwitch trenches have been cut to: (1) gain further knowledge from long face exposures and (2) yield samples for gravity test work and other grade estimation analysis. Free gold is readily panned from trenches where mineralised zones occur.
Rox’s strategy of continuing development of Grace is based on first understanding in detail the more densely drilled and now cut southern area near the Youanmi Main Pit, and applying the knowledge to the rest of the less densely drilled areas to the north. Grace presents as an early opportunity for gold production within the overall development plan for Youanmi.
For further information please visit: http://www.roxresources.com.au/
