RXL 3.13% 15.5¢ rox resources limited

Ann: Collurabbie Aircore Drilling Results, page-2

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    Collurabbie Aircore Drilling Results

    Key Points
    • Nickel-copper-cobalt anomalies with significant thicknesses
    • Excellent potential for further massive nickel-copper sulphide discoveries
    • RC drilling program to follow
    Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce assay results from a recent aircore drilling program at its Collurabbie project 250km north of Laverton in Western Australia (Figure 1).
    The drilling program comprised 109 holes for 3,910 metres, and tested several targets (Figure 2) within the Company’s tenements.
    Stand out results were from the Troy, Olympia North and Zeus South prospects (Figure 2) including:
    Troy
    12m @ 0.80% Ni, 0.03% Cu, 0.06% Co from 8m in hole CXAC123 24m @ 0.47% Ni, 0.01% Cu, 0.02% Co from 28m in hole CXAC124
    Olympia North
    4m @ 0.24% Ni, 0.01% Cu, 0.02% Co from 4m in hole CXAC156
    Zeus South
    28m @ 0.48% Ni, 0.00% Cu, 0.03% Co from 8m in hole CXAC187 20m @ 0.33% Ni, 0.00% Cu, 0.02% Co from 8m in hole CXAC186
    The Troy prospect lies along the north trending ultramafic Beta Sill. Previous diamond drilling there intersected 0.6m @ 2.2% Ni, 1.0% Cu in hole CLD053. Follow-up drilling is planned for the next quarter.
    Rox Managing Director, Ian Mulholland said: “We continue to generate highly anomalous aircore results at Collurabbie, and it appears to be a significant province for nickel sulphides. We will undertake further exploration drilling to better define and understand this mineralisation as soon as possible.”
 
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