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Rox Resources spins drill bit for gold at Mt Fisher

Drilling is designed to extend current resources and also to follow up new target zones.

WA map with three project locations
Drilling has the potential to discover large shear hosted gold deposits

Rox Resources Ltd (ASX:RXL) has commenced a substantial drilling program at the Mt Fisher Gold Project located in the north eastern Yilgarn Craton of Western Australia.

The 8,000-metre reverse circulation (RC) and aircore drilling program will run for five weeks.

Drilling is targeting shear zone hosted gold mineralisation in mafic or ultramafic bedrock delineated by earlier shallower drilling.

Rox delineated an 89,095-ounce gold deposit grading 2.70 g/t gold in July 2018 at Mt Fisher that this drilling intends to expand.

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

The Mt Fisher Proejct is located a region featuring a number of million+ ounce gold deposits.

Aircore drilling completed in late 2017 comprising 117 holes for 7,322 metres returned strong results and has helped define RC gold targets at Mt Fisher.

The new targets were identified at Damsel South and existing targets were confirmed and upgraded at Dirks and Shiva prospects.

READ: Rox Resources commences drilling at Currans Find

The Mt Fisher drill program follows a recently commenced 1,200-metre RC drill program at the Currans Find prospect within the Youanmi Gold Project in Western Australia.

The Youanmi Gold Project hosts a 1.19 million-ounce JORC-compliant resource grading 2.97 g/t gold.

Notably, the historical mine at the project ceased operation in 1997 when the gold price was just above $400 per ounce.

Quick facts: Rox Resources Limited

Price: 0.056 AUD

Market: ASX
Market Cap: $114.57 m

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on 13/8/19

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