West Australian focused gold exploration and development company, Rox Resources Limited (ASX: RXL) has extended the known high-grade mineralisation extended at Link Prospect at the Youanmi Gold Project near Mt Magnet.
The company has obtained new high-grade drill intercepts received from 120m down plunge of the existing resource envelop.
Drilling continues at Youanmi, with diamond and RC rigs operating at the OYG JV and regional aircore drilling progressing on the Regional Joint Ventures (Rox 50% and Manager, VMC 50%).
Highlights of this round of results include 7.25m @ 15.02g/t Au from 315.8m, including 2.9m @ 22.37g/t Au from 320.1m intersected in RXDD026, 12m @ 4.46g/t Au from 184m, including 3m @ 7.73g/t Au from 186m intersected in RXRC410 and 7m @ 3.56g/t Au from 234m, including 3m @ 6.45g/t Au from 236m intersected in RXRC409.
Managing Director, Alex Passmore, said hole RXDD026 extends a zone of high-grade mineralisation more than 120m from the current resource and highlights the down-plunge extension of defined high-grade ore zones.
RXRC408, RXRC409 and RXRC410 which are located close to existing underground development extend known mineralisation from the boundary of the existing resource envelope and improve the confidence of the down plunge trend in this area.
“It is pleasing that we continue to get excellent drilling results from the current program at Youanmi,” Mr Passmore said.
“These results at the Link Prospect come from well outside the existing resource envelope, but importantly demonstrate the downward continuity of existing ore zones adding further confidence to the potential for resource additions in this key area of focus that is located in close proximity to existing underground workings.
“In conjunction with new thick and relatively coherent mineralisation encountered in a parallel lode at Youanmi we are confident of being able to report solid resource additions to underpin the economics of Youanmi in due course.”
Resource Growth at Link Prospect
The company recently reported an upgrade to the resource inventory at Youanmi to 1.7Moz at 2.85g/t Au.
Drilling is now focussed on resource extension and Indicated Resource conversion around the near mine areas (Link and Junction).
Recent drilling at Link was focussed on indicated and inferred resource extension.
Step out hole RXDD026 has returned one of the best results from Link to date; the intersection of 7.25m @ 15.02g/t Au from 315.8m, including 2.9m @ 22.37g/t Au from 320.1m demonstrates continuity of high-grade mineralisation 120m from the existing resource and 80m down plunge of previously reported diamond hole RXDD018: 6.8m @ 11.98g/t Au from 264m, including 2m @ 37.65g/t Au from 269m and 4.9m @ 6.51g/t Au from 250m.
The results from RXDD018 and RXDD026 provide strong confidence in the ability to add significant ounces to the resource inventory in this area. Additional closer spaced (indicated) resource extension drilling was completed 40m from the current resource at Link with all holes intersecting high-grade mineralisation.
The results include:
• RXRC410: 12m @ 4.46g/t Au from 184m, including 3m @ 7.73g/t Au from 186m.
• RXRC409: 7m @ 3.56g/t Au from 234m, including 3m @ 6.45g/t Au from 236m.
• RXRC408: 4m @ 6.24g/t Au from 239m.
These results will likely add both tonnes and grade of indicated resource material in this area and focus ongoing resource development drilling Mineralisation at Link is open down plunge to the north and up dip to the south.
The identification of high-grade mineralisation in extensional drilling continues to demonstrate the potential for further increases in the Resource. Results are pending for 9 RC and 10 diamond holes in addition to 15,000m of aircore undertaken on regional prospects. Drilling is ongoing.
For further information please visit: https://www.roxresources.com.au/