logo-loader
viewRox Resources Limited

Rox Resources reveals maiden nickel-copper-cobalt resource at Collurabbie

The company is having a number of key assets at various levels of development

Australia map
The deposit contains 9,300 tonnes of nickel and 6,800 tonnes of copper

Rox Resources Ltd (ASX:RXL) has revealed the maiden resource for the Olympia nickel-copper-cobalt deposit, at its Collurabbie project located 250 kilometres north of Laverton in Western Australia.

The maiden inferred resource includes 573,000 tonnes grading 1.63% nickel, 1.19% copper, 0.082% cobalt and 2.33 g/t platinum + palladium.

Olympia contains 9,300 tonnes of nickel, 6,800 tonnes of copper, 470 tonnes of cobalt and 43,000 ounces of platinum + palladium.

READ: Rox Resources drilling to upgrade nickel potential at Fisher East

The Collurabbie project is spread over an area of 123 square kilometres and hosts the Olympia nickel sulphide deposit and a number of other prospects for nickel sulphide mineralisation.

Rox to launch aircore drilling programme

Interestingly, Rox is having a number of key assets at various levels of development with exposure to gold, nickel, copper and platinum group elements.

This maiden resource at Olympia complements the resource of 50,000 tonnes at 2.5% nickel that was established at the company’s Fisher East nickel project only 70 kilometres away.

Rox will now embark on an aircore drilling program at Collurabbie, its first exploration programme since acquiring the project.

This drilling will test several nickel and gold targets developed along the belt over 15 kilometres of strike that have had little work for 10 years.

Quick facts: Rox Resources Limited

Price: 0.026 AUD

ASX:RXL
Market: ASX
Market Cap: $37.91 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Rox Resources Limited named herein, including the promotion by the Company of Rox Resources Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Rox Resources continues drilling at Youanmi Gold Project

Rox Resources (ASX:RXL) chief executive officer Alex Passmore updates Proactive Investors on progress at the Youanmi Gold Project in WA. Passmore says the company, which has been drilling at the project for the last couple of weeks, is set to continue drilling until September. “The Youanmi...

on 13/8/19

2 min read