The prospect is about 1 kilometre south-southwest of the high-grade Currans North gold discovery and will be drill tested for down-plunge and along-strike extensions of the shallow gold mineralisation intersected in previous drilling.
Resource estimation work planned
The drilling program will also target under-explored gold lodes that warrant testing for potential high-grade gold mineralisation at depth, about 50 metres north and south of the main lode.
The reverse circulation (RC) campaign will continue until October 2019 after which additional resource estimation work will begin.
The company believes its understanding of controls on Youanmi mineralisation has improved markedly with its latest results and hopes to translate this into a “strong resource”.
Youanmi currently hosts a 1.19-million-ounce JORC-compliant resource at 2.97 g/t gold.
Prospective new areas
Recent drilling by Rox delivered the highest grades seen so far at the project, assaying 12 metres at 12.7 g/t gold from 80 metres and 12 metres at 8.5 g/t from 44 metres in separate holes at the unmined Youanmi South area.
Standout intersections from this area, which has similarities to the main lode style, also included 4 metres at 11.2 g.t from 110 metres and 4 metres at 7.6 g/t from 76 metres.
The project is housed in four separate joint ventures held by the companies together in partnership.
These joint ventures are the Youanmi Gold Mine Project OYG V, the Venus JV, Youanmi JV and Currans Find & Pincher JV.
Rox has a 50% stake in the main Youanmi mine venture OYG JV which it can take to 70% by spending $2 million on exploration and shelling out a further $3 million of investment funds.