Youanmi drilling delivers more gold hits for Rox
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Special Report: Drilling at Rox Resources’ Youanmi joint ventures in Western Australia has struck high-grade gold at three separate prospects.
This includes the discovery of gold in fresh granite at the Hope prospect, the extension of gold mineralisation at the Taylor’s Reef prospect and locating a potential of bedrock mineralisation at the Sovereign prospect.
Hope is located within the Younami JV that Rox Resources (ASX:RXL) holds a 45 per cent interest in the gold rights only.
The prospect is located along the western granite greenstone contact about 2km north of the Youanmi Mining Leases.
A recent detailed ground magnetic survey identified structural targets, two of which are broadly associated with anomalous gold intersections in historical drill holes and coincide with a north trending gold anomaly in historical soil data that extends into granite terrain.
First pass reverse circulation drilling by Rox and its partner beneath historical shallow drilling and soil anomalies has intersected high-grade gold of up to 1m at 9.3 grams per tonne (g/t) near the granite-greenstone contact.
This increases the prospectivity of this geochemical trend and associated structures.
At the Currans JV (Rox 50%), RC drilling following up on an earlier discovery of high-grade, near-surface gold mineralisation at the Taylor’s Reef prospect has extended the previously intersected mineralisation to the southwest.
Notable intersections are 1m at 7.98gt gold from 132m, 3m at 4.29g/t gold from 132m and 1m at 5.1g/t gold from 12m.
Drilling was aimed at testing the down-dip and along-strike extensions of high-grade gold mineralisation discovered in previous aircore and RC drilling.
Rox also holds a 50 per cent interest in the gold rights at the VMC JV where drilling at the Sovereign prospect to test a target defined by ground magnetic data intersected bedrock gold about 70m to 120m southwest of previous gold intercepts.
This appears to indicate a continuation of bedrock mineralisation along the newly identified southwest target trend.
Recent drilling at Sovereign returned a top hit of 2m at 4.87g/t gold from 75m including a 1m at 8.55g/t gold zone at the top of the intercept.
Notably, drilling has also intersected mineralisation associated with anomalous base metal concentrations, a feature characteristic of high-grade gold at the Currans Find and Penny deposits.
Rox and its partner are planning to carry out further RC drilling at the three prospects to explore the potential down-plunge and along-strike extensions of the mineralisation.
Drilling is also planned to test other targets delineated by recent ground magnetic survey along the Youanmi Shear Zone north of Ramelius’ Penny and Magenta deposits.
This article was developed in collaboration with Rox Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.