Rox Resources (ASX: RXL) has reported ‘high-grade’ gold mineralisation following an RC drilling campaign at the Mt Fisher / Mt Eureka Project in Western Australia’s Northern Goldfields.
The results come from drilling carried out in December 2021, and include gold hits across broad widths at Mt Fisher’s Damsel Prospect, with a ‘strong continuity’ of ‘high-grade’ mineralisation that remains open down dip and down plunge.
Key results from Mt Fisher include:
- Hole MFRC081 (Damsel Prospect): 18m @ 6.99g/t Au from 69m, incl. 10m @ 10.27g/t Au from 74m
- Hole MFRC084 (Dam Prospect): 16m @ 2.58g/t Au from 164m, incl. 4m @ 3.49g/t Au from 164m, and 4m @ 4.34g/t Au from 172m
- Hole MFRC079 (Damsel Prospect): 2m @ 4.16g/t Au from 94m, and 24m @ 1.22g/t Au from 112m, incl. 4m @ 3.67g/t Au from 120m
- Hole MFRC065 (Mt Fisher Gold Mine): 9m @ 3.77g/t Au from 219m, incl. 5m @ 6.31g/t Au from 222m down plunge
Additional Mt Eureka grades include:
- Hole MFRC075 (Galway Prospect): 13m @ 6.81g/t Au from 45m, incl. 9m @ 8.89g/t Au from 47m, and 4m @ 2.59g/t Au from 67m
- Hole MFRC071 (Southern Prospect): 3m @ 3.96g/t Au from 35m, incl. 2m @ 5.52g/t Au from 35m
Addressing the results, Rox Resources Managing Director Alex Passmore said: “The Mt Fisher greenstone belt is one of the least explored belts of the prolific Yilgarn craton, and these results shine a bright light on its potential gold endowment. This is an exciting development for Rox given our vast tenure position in the belt. Our technical team conducted a detailed review of all existing data to set the forward strategy which these results have served to validate.
“This is an exciting development for Rox given our vast tenure position in the belt”
These results highlight in particular the potential of the Damsel prospect which features large-scale gold anomalies and many of the geological features of major gold systems in the Yilgarn.
Damsel is located within a 1km long gold anomaly (in regolith) defined by grades greater than 1g/t Au. This area is part of a broader 7km long gold anomaly (>0.2g/t Au). Gold anomalism of this scale has the potential to reflect a large primary gold system. The results received at Damsel in this round of drilling provide a clear demonstration of the high gold grades and strong continuity at depth, and immediate follow up is planned.”
The company notes that results at Mt Fisher indicate a continuation of ‘high-grade’ mineralisation up to 340m down plunge, open along strike to the south and down dip to the east.
In addition, the results gathered from Mt Eureka’s Southern and Galway prospects highlight a thick zone of near-surface ‘high-grade’ gold mineralisation, indicating potential for continuity within a north-east trending structure.
With drilling at Mt Fisher and Mt Eureka now complete, RXL reports that it will move forward with followup RC work along strike and down dip of newly identified mineralisation, along with regional target generation across 850km² of ‘highly prospective’ greenstone terrane.
Images: Rox Resources Limited