Outstanding results from RXL ...anyone followed SPX ???
Exceptional Gold Grades Encountered in
Youanmi Near Mine Exploration
Highlights:
Drilling at the Youanmi Gold Project has intersected exceptional gold
grades. Results received from shallow drilling to the south of the
Youanmi Plant include:
MLRC020: 5m @ 125.68 g/t Au from 0m
Including: 2m @ 311.46 g/t Au from 2.5m
including 1m @ 591.89 g/t Au from 3m
including 0.5m @ 1058.49 g/t Au from 3m
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Australian gold and nickel company, Rox Resources Limited (“Rox” or “the
Company”) (ASX: RXL), in conjunction with its joint venture partner Venus
Metals Corporation (ASX: VMC) is pleased to announce exceptionally high
grade results from its ongoing drilling campaign at the OYG JV which forms
part of the wider Youanmi Gold Project.
The JV (Rox managed) recently conducted a series of shallow of RC holes
to the south of the Youanmi plant to test a laterite gold target.
The laterite zone appears to have an average grade of ~1.5g/t Au and
thickness of ~2m and is continuous from historical drilling at the airstrip over
an area of about 280m x 100m (See Table 1).
Significantly, drill hole MLRC020, located on the northern-most line of the drill