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Rox Resources Limited

Rox Resources commences drilling at Currans Find

The company and its joint venture partner Venus Metals Corporation Ltd (ASX:VMC) aim to bring the former gold mine back into production.

Youanmi Gold Project
Drilling is expected to be completed by early June

Rox Resources Ltd (ASX:RXL) has commenced a 1,200-metre reverse circulation (RC) drill program at the Currans Find prospect within the Youanmi Gold Project in Western Australia.

Drilling will focus on two main gold prospects Currans North, and Red White and Blue Middle Workings.

In addition, shallow RC drilling is also planned at the Taylor’s Reef discovery where recent shallow excavation and trenching uncovered strongly gold-mineralized vein quartz.

READ: Rox Resources discovers gold in reef at Currans Find

The Youanmi Gold Project, which hosts a 1.19 million-ounce JORC-compliant resource grading 2.97 g/t gold, is in the Murchison region of Western Australia and comes with a historical database of 550,000 metres of drilling.

The mine ceased operation in 1997 when the gold price was just above $400 per ounce.

READ: Rox Resources CEO and MD buys 10 million shares on-market

Notably, the Currans Find prospect is on a granted mining lease that historically produced high-grade gold grading 13 g/t.

Rox and Venus have recently gained access to over 600 square kilometres of tenure along the Youanmi Greenstone Belt.

 

Quick facts: Rox Resources Limited

Price: $0.03

Market: ASX
Market Cap: $33.57 m
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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