Increased Extent Of Mineralisation Of Near-Surface Lode At Grace
Rox Resources Limited (ASX: RXL) has intersected further shallow high- grade gold in its ongoing drilling programme currently at Youanmi in the OYG JV area of the Grace project in Western Australia.
These results relate to RC drilling designed to infill drilling coverage on the shallow high-grade part of the emerging Grace prospect to facilitate resource estimation. Deeper results are pending.
Highlights of the shallow infill drilling returns include:
• 4m @ 88.81g/t Au from 27m (Grace); Including2m @ 176.03g/t Aufrom 28m
• 11m @ 18.75g/t Au from 8m (Grace); Including: 3m @ 61.27g/t Aufrom 10m • 9m @ 9.28g/t Aufrom 9m (Grace); Including: 2m @ 33.53g/t Au from 11m
• 4m @ 7.56g/t Au from 17m (Grace).
Around 3,700m has been drilled to date and drilling is ongoing to test depth extensions. To date assays have been received for 49 holes with assays still outstanding for an additional 15 holes.
Managing Director, Alex Passmore, said that based on the company’s interpreted mineralised enveloped these results increase the extent of mineralisation of the shallow, near-surface lode at Grace and confirm, and in many places upgrade, the results seen previously.
“These strong infill results are extremely encouraging and endorse our interpretation for Grace,” Mr Passmore said. “The results, along with outstanding RC assays, will be complemented by upcoming diamond drilling to facilitate a maiden resource estimate, which we are aiming to have completed later this year.”
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