West Australian focused gold exploration and development company, Rox Resources Limited (ASX: RXL) has drilled high-grade intercepts at the Link Prospect at the Youanmi Gold Project near Mt Magnet in Western Australia.
The latest results are from shallower drilling up-plunge at the Link Prospect in an area previously untested by drilling, between the base of historic open pits and underground development. Gold mineralisation intersected by this drilling is at 110m depth, beneath the base of the Hill End open pit, a small historically mined (10m-15m depth) pit at Youanmi.
Managing Director, Alex Passmore, said this mineralisation also lies in a gap between the shallow and deeps resource envelopes, and hence is likely to contribute to additional ounces to the resource inventory.
“These shallow intercepts at Link prospect demonstrate good up-plunge continuity of gold mineralisation and add further confidence that we will be able to add to the shallow resource inventory in this area. As part of the ongoing Youanmi development studies being undertaken we are looking at various mining scenarios, which may include open pit mining in the vicinity of these intersections,” Mr Passmore said.
Resource Growth at Link Prospect
The results reported in this announcement demonstrate strong continuity of high-grade mineralisation at Link Prospect which augurs well for increases to the overall mineral resource.
The results include:
- RXRC437: 3m @ 7.23g/t Au from 131m, within 9m @ 4.27g/t Au from 128m
- RXRC436: 2m @ 8.16g/t Au from 183m, within 8m @ 4.17g/t Au from 178m
- RXRC438: 2m @ 6.78g/t Au from 127m, within 5m @ 4.33g/t Au from 122m
These results define a zone of high-grade mineralisation between the base of historic open pits and underground development. The results highlight the prospectivity of shallow untested areas with the mine development area that have been overlooked historically. Infill drilling in this zone is expected to add inventory to the Youanmi indicated resource category in an area with near-term production potential.
Drilling to date at Link has defined a zone of high-grade mineralisation more than 200m from the current resource envelope with extensive down-plunge continuity of high-grade ore zones.
Mineralisation at Link is open down plunge to the northwest and up dip to the southeast. Results are pending for 28 RC and 14 diamond holes undertaken in the OYG JV area.
For further information please visit: https://www.roxresources.com.au/
