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Rox Resources Limited

Rox Resources and Venus Metals drill more gold at Youanmi South and Commonwealth

Assays for half of the 7,000 metres of drilling to date have been received and drilling continues.

Rox Resources Limited - Rox Resources and Venus Metals drill more gold at Youanmi South and Commonwealth
The RC drill program is ongoing and has been extended into October

Rox Resources Ltd (ASX:RXL) and its joint venture partner Venus Metals Ltd (ASX:VMC) have received another set of drill results from its Youanmi Gold Project in Western Australia.

These latest results are from a number of prospects nearby to the historical open pits including Commonewealth and Youanmi South.

Highlights include 2 metres at 23.67 g/t from 76 metres and 4 metres at 6.57 g/t gold from 64 metres at Commonwealth and 4 metres at 8.17 g/t gold from 96 metres at Youanmi South.

Other results from the Plant Zone and near the United North Pit can be seen below.

Rox’s managing director Alex Passmore said: “We are very pleased with these initial results from Rox’s maiden drilling program at Youanmi Gold Project.

“The high grade results from the Youanmi South prospect were a very positive surprise.

“This prospect is interpreted to be a new zone of mineralisation at the southern end of the Younami granite which opens up a large new area for exploration.

“Drilling at Commonwealth Prospect (a previously untested historical gold occurrence) has started to delineate a high grade plunging shoot which is open to along strike and down plunge to the south.”

Many targets are unmined, news flow to continue

The ongoing RC drill program has drilled over 7,000 metres to date and has been extended to continue into October.

Drilling is testing new conceptual targets that have the potential to open up new areas of mineralisation, and known Youanmi gold deposits or areas where there is potential for repeats.

The historical mining at Youanmi was centred on the Main Lode Shear Zone deposits.

Notably, the Plant Zone, Commonwealth, and Youanmi South are unmined with mineralisation occurring from near-surface in all cases.

Rox and Venus are planning to acquire high-quality magnetic data and also to use ground-penetrating radar in the coming weeks to further assist the targeting process.

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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