Proactive Investors - Run By Investors For Investors

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.

 

View full RXL profile View Profile

Rox Resources Ltd Timeline

Related Articles

1547791194_RNX-757.JPG
January 18 2019
The company’s focus is the Yandal East Gold Project and it also has base metal exposure through a prospective Canadian asset.
Drilling at Gabanintha project
February 05 2019
The company expects a ‘material’ increase in vanadium resources and will also publish a base metals resource.
A Western Australian map showing company projects
March 19 2019
Geologist and finance professional Ian Stuart became the company’s chairman last month.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use