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Rox Resources and partner Venus Metals release more impressive gold grades from Youanmi Project

The new results confirm the view that the Youanmi Granite is highly prospective for gold mineralisation and provide further insight into the regional understanding of the project.

Rox Resources Limited - Rox Resources and partner Venus Metals release more impressive gold grades from Youanmi Project
The style of mineralisation has similarities to other granite-hosted gold deposits of the Yilgarn Craton

Rox Resources Limited (ASX:RXL) and partner Venus Metals Corporation Limited (ASX:VMC) have received further impressive gold grades at the Youanmi Gold Project in Western Australia.

Drilling in March focused on the Grace prospect and tested several nearby regional targets in similar structural settings with results of up to 3 metres at 7.41 g/t gold from 109 metres at Grace.

Other strong results from the drilling are:

  • 2 metres at 7.34 g/t from 34 metres (Grace prospect);
  • 12 metres at 1.16 g/t from 59 metres (Grace);  
  • 2 metres at 18.96 g/t from 48 metres to end of hole (Grace North); 
  • 4 metres at 1.6 g/t from 56 metres to end of hole (Hill End East); and
  • 12 metres at 1.12 g/t from 48 metres (Plant Zone West).

“Multiple high-grade lodes”

Rox Resources managing director Alex Passmore said: “Results of the 2020 drilling continue to rapidly advance our understanding of mineralisation at the Grace prospect, with increasing definition of a pattern of multiple high-grade lodes.

“It's highly encouraging to see step-out drilling identify the same style of mineralisation [Grace North Prospect] 300 metres to the north.”  

Drill hole collars and intercepts over aerial photo.

Grace potential

Drilling has confirmed a second high-grade zone of mineralisation below the discovery zone which the company interprets as a series of north-plunging high-grade stacked-lodes that lie within a broader zone of mineralisation within fracture zones inside the margin of the Youanmi granite.

This style of mineralisation was not previously recognised in the Youanmi area, and features similarities to other granite-hosted gold deposits of the Yilgarn Craton such as Granny Smith and King of the Hills.

Next steps

With a recent relaxation of COVID-19 restrictions in Western Australia, the company confirms it is planning to re-deploy to site shortly to recommence drilling at the Grace prospect.

A separate program to further explore regional targets is also being planned.

The next phase of Grace drilling will strengthen the work already done and facilitate resource estimation work.

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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