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Rox Resources and partner Venus Metals drill 4 metres at 69 g/t gold at emerging Grace prospect

Initial results from ongoing drilling at the Grace prospect are positive and a second drill rig has been engaged.

Rox Resources Limited - Rox Resources drills 4 metres at 69 g/t gold at emerging Grace prospect
The project is held in joint venture with Venus Metals Corporation Ltd (ASX:VMC)

Rox Resources Ltd (ASX:RXL) and partner Venus Metals Corporation Ltd (ASX:VMC) have received assay results from drilling underway at multiple prospects within the Youanmi Gold Project JV in Western Australia.

Highlights include 4 metres at 69.5 g/t gold from 28 metres at the Grace prospect, 4 metres at 7.4 g/t gold from 60 metres at Youanmi South, and 24 metres at 1.5 g/t gold from 56 metres at United NE.

Drilling is ongoing at Grace with further assays expected, furthermore, Rox has recently engaged a second RC drilling rig for the Grace Prospect.

Additional drilling to realise Grace’s potential

Rox’s managing director Alex Passmore said: “We are very pleased with the initial results from the Grace Prospect drill out.

“Several parallel lodes within shear zones (in granite) are being delineated.

“These extend from surface to around 60m vertical depth so far and remain open along strike and down dip.”

The Grace Prospect is nearby to the historical Youanmi Main pit.

Quick facts: Rox Resources Limited

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Market: ASX
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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