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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	RXL
Latest Price:	0.03 (0.00%)
52-week High:	0.07
52-week Low:	0.02
Market Cap:	10.76M

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Rox Resources Full Rox Resources profile here

Rox Resources (ASX: RXL) is an exploration company with three key projects; the Mt Fisher Gold Project in Western Australia, the Myrtle Zinc-Lead Project in the Northern Territory; and the Marqua Phosphate Project in the Northern Territory.

Rox has a joint venture agreement with Teck Australia, the Australian subsidiary of Canadian mining giant Teck Resources (NYSE: TCK), to progress its Myrtle project.

Rox Resources shares rise on 18.5% increase in Myrtle zinc-lead resource tonnes

Monday, March 15, 2010

Rox Resources (ASX: RXL) has announced a revised resource estimate based on results from recent drilling at its Myrtle zinc-lead project 20km south of the McArthur River mine in the Northern Territory.

The revised resource contains 13% in the Indicated category and represents an 18.5% increase in tonnes and 14.7% increase in contained metal over the previous estimate.

The resource is still open to the north and west and at a lower cut-off of 3% Zn + Pb is: 43.6 million tonnes @ 4.09% Zn, 0.95% Pb, for 5.03% Zn + Pb.

Commenting on the new resource estimate, Managing Director, Ian Mulholland said, “this is significant resource on both Australian and worldwide scales."

"Geological interpretation of our recent and historic drilling, together with a detailed comparison with the nearby world class McArthur River deposit would suggest that we are only drilling on the periphery of the main mineralised system at Myrtle." he added.

"This interpretation has allowed us to develop a robust and convincing exploration model and targets for higher grades to the north-west of our current drilling."

The resource contains 2,193,000 tonnes combined insitu zinc and lead metal, comprising 1,780,000 tonnes of zinc and 412,000 tonnes of lead.

At a higher cut-off of 5% Zn + Pb the resource is: 15.3 million tonnes @ 5.45% Zn, 1.40% Pb, for 6.84% Zn + Pb.

Rox Resources shares rose 17% to 2 cents in trading today.

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