Visible Gold Also Sighted At Grace Prospect
Rox Resources Limited (ASX: RXL) continues to return promising results with its exploration activities at Youanmi in the OYG JV area in Western Australia.
Managing Director, Alex Passmore, said RC drilling at Youanmi continues to yield high-grade results building on the known length of mineralised strike at the Grace Prospect.
The RC drilling programme is ongoing and together with diamond drilling is designed to allow for the definition of a maiden mineral resource for the Grace Prospect which will add to the existing 1.2 Moz Au resource at Youanmi Aircore drilling to test new targets to the north of the Youanmi mine area is also showing early success a new gold zone discovered well north of the mine.
“We are pleased to report ongoing strong results from our Youanmi exploration efforts which are continuing at pace,” Mr Passmore said.
“Of particular interest is the newly discovered gold zone 3km north of the Youanmi main mine / historical plant. This may be indicative of a new mineralised structure in the Youanmi granite.”
The aircore programme at Youanmi has focused on this structural corridor and parallel structures within the Youanmi granite which has already provided early success with a high-grade intercept of 4m @ 15.95g/t Au from 36m. Encouragingly this intercept is some 3km north of the Grace zone, but along a newly interpreted structural corridor.
The current RC drill programme, which is focusing 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, results for 89 holes have been reported. This drilling continues to provide excellent results such as 2m @ 13.96g/t Aufrom 114m; and 4m @ 3.79g/t Aufrom 166m.
Fine grained visible gold is present in several of the mineralised zones encountered in diamond coring, with assays pending for these zones.
