Near 2oz/t gold hit highlights potential of Rox’s Grace prospect
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Special Report: Rox continues to deliver the goods at its Youanmi project with its drilling program returning a top hit of nearly 2oz to the tonne at the Grace prospect.
While the heavy workload at Western Australian laboratories and the impact of the COVID-19 outbreak have slowed the turnaround of assays from its early 2020 drilling program, Rox Resources (ASX:RXL) is liking what it sees from the results it has received to date.
And it’s not hard to see why.
The results of the 31 reverse circulation holes received to date have defined a very high-grade zone of mineralisation that extends from surface, is open to the north and lies within a broader wide zone of mineralisation.
Top results include 7m grading 54 grams per tonne (g/t) gold from a depth of just 8m, 1m at 29.7g/t gold from 23m and 6m at 5.7g/t gold from 24m.
Assays from the first hole from the 2020 drill program, which were received in early March, returned an equally intriguing intersection of 4m at 69.5g/t gold from 28m.
Grace is currently interpreted as a high-grade, gold mineralised body that plunges to the north and has multiple gold shoots present in places.
Results from drilling in the north are still outstanding.
Managing director Alex Passmore says that the Grace prospect is emerging as an exciting high-grade deposit with some spectacular intersections.
“This newly discovered mineralisation has all the hallmarks needed to bring it into early production — it is close to surface, lies near to existing pits and sits within a granted mining lease which already has substantial infrastructure,” he explained.
Grace is located in a general north-northwest to south-southeast trend that includes the Airstrip and Youanmi South prospects.
Rox added that it had paused its drilling program to ensure the health and safety of its employees and contractors.
During this time, the company will interrogate data from its airborne magnetic survey completed in January, 250 holes drilled since July last year, and the extensive inherited data base to continue the search for and delineate high-grade near surface deposits at Youanmi.
The Youanmi gold mine, 480km to the northeast of Perth, produced ~667,000oz of gold at 5.47g/t during three main periods: 1908-1921, 1937-1942, and 1987-1997.
>> Now watch: 90 Seconds With…Alex Passmore, Rox Resources