Grace continues to intrigue as Rox has more high-grade hits
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Special Report: The Grace prospect continues to prove its mettle with Rox’s shallow infill drilling returning further high-grade gold intersections.
Notable results are 4m at 88.81 grams per tonne (g/t) gold from 27m including 2m at 176.03g/t gold from 28m, 11m at 18.75g/t gold from 8m including 3m at 61.27g/t gold from 10m and 9m at 9.28g/t gold from 9m including 2m at 33.53g/t gold from 11m.
Rox Resources (ASX:RXL) adds that assays are still pending for deeper step-out drilling.
This follows last week’s encouraging assays from the deepest-ever hole drilled on the Grace prospect, which returned a wide 25m interval grading 34.79g/t gold from 143m including 6m at 140.7g/t from 150m and sent shares in the company soaring.
“These strong infill results are extremely encouraging and endorse our interpretation for Grace,” managing director Alex 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.”
Grace is located within a north-northwest trending corridor, which includes the Airstrip and Youanmi South prospects, adjacent to historically mined Youanmi shear zone-hosted deposits.
It is interpreted to comprise a series of north-plunging, high-grade, stacked lodes within the Youanmi granite and exhibits a ladder vein array geometry that is a feature of other massive, granite-hosted gold deposits in the Yilgarn Craton such as Granny Smith and King of the Hills.
The Youanmi project, which Rox holds a 70 per cent interest in, currently has a resource estimate of 2.4 million tonnes grading 2.97g/t gold; or nearly 1.2 million ounces of contained gold.