EXCEPTIONAL THICK, HIGH GRADE DRILL INTERSECTION AT TEENA ,...

EXCEPTIONAL THICK, HIGH GRADE DRILL INTERSECTION AT TEENA
, 38.8m @ 16.9% Zn+Pb •
Thick high grade zone of massive zinc-lead sulphide mineralisation intersected at Teena: 38.8m @ 16.9% Zn+Pb from 1068.9m, including 20.0m @ 22.4% Zn+Pb from 1076.0m Rox Resources Limited (ASX:

RXL) (“Rox” or “the Company”) is pleased to report assay results from the first diamond hole drilled at the Teena zinc prospect (Figure 1) this year. The Teena prospect forms part of the greater Reward project in the Northern Territory. Hole TNDD019 was drilled approximately 200m east of discovery hole TNDD009 (Figure 2), and intersected high grade mineralisation with exceptional results. TNDD019: 38.8m @ 16.9% Zn+Pb from 1068.9-1107.7m, including 20.0m @ 22.4% Zn+Pb from 1076.0–1096.0m, and 8.9m @ 8.0% Zn+Pb from 1164.0 – 1172.9m, including 5.0m @ 10.8% Zn+Pb from 1164.3-1169.3m Managing Director Ian Mulholland commented, “This is our best hole yet, and continues to confirm the huge potential and inherent value of this prospect. 20 metres grading over 22% Zn+Pb within a thicker zone of 38.8 metres grading 16.9% Zn+Pb is a truly outstanding result.” “The strike length of the high grade mineralisation (greater than 13% Zn+Pb) at Teena extends to an impressive 1.3km, with good apparent continuity of the mineralisation indicated between drill holes.” Two further holes have been drilled which close in the drill spacing between holes Teena 8 and TNDD014 (Figure 2), and assays are pending for these. A fourth hole is now underway to the northwest of hole TNDD011. The Reward project is subject to an option/joint venture (JV) agreement between Rox (49%) and Teck Australia Pty Ltd (“Teck”) (51%), a subsidiary of Canada’s largest diversified resource company Teck Resources Limited. Teck have elected to exercise the option to increase their JV interest to 70% by expending up to $15 million in total by 31 August 2018.