Rox Resources, in conjunction with its joint-venture partner Venus Metals, has reported exceptional gold grades from drilling on the Grace prospect at the previously mined Youanmi property 480 km northeast of Perth, Western Australia. Assays from a round of drilling concluded in late December 2019 included intercepts of 8 meters (m) grading 37.25 grams per metric ton (g/mt) gold from 44 m down hole and 4 m grading 18.06 g/mt from 16 m down hole.
These results are interpreted to be close to true width and define a series of moderate, west-dipping, quartz-hosted gold lodes in granite that remain open at depth and along strike. The drilling has identified new gold-bearing veins that are yet to be tested both above and below the Grace Lode previously identified in recent drilling.
A reverse circulation drilling rig and crew were redeploying to Youanmi in late January to commence a drill-out of the Grace prospect in sufficient detail to facilitate resource definition. Additionally, several diamond holes are planned to characterize the wider gold-bearing veins to allow better correlation between drill sections. Initially, 5,000 m of reverse circulation and 2,000 m of diamond drilling are planned.
(www.roxresources.com.au)
