@HRute - whoops - you stuck your neck unnecessarily there - and, yep, it happened. Am kinda glad actually as the announced results are very, very nice for aircore drilling - not "aircrew" drilling, BTW – spell checker check??
Following, I've extracted some parts of the ASX release just made (and underlined some parts, for emphasis):
"Exceptional Aircore Drilling Results - New Drill Targets Identified
Key Points
* 4m @ 6.1 g/t Au from 48m at Dam North
- Exceptional results from 117 hole, 7322 aircore drilling program ...
- Results include:
* 4m @ 3.5 g/t Au from 40m at Dirks
* 4m @ 2.8 g/t Au from 48m at Damsel
* 8m @ 2.4 g/t Au from 48m at Damsel
* 4m @ 1.3 g/t Au from 36m at Shiva
* 4m @ 1.1g/t Au from 44m at Dam
...
- New gold anomaly at Dam North …
- 800m southerly extension to Damsel gold trend …
- 1km southerly extension to Dirks gold trend
- Further highly prospective targets identified
- RC/diamond drilling being planned
Given that the aircore drilling program was designed as a geochemistry tool, to expand areas of known anomalism as well as to refine areas where the drill spacing was still wide, the large number of samples grading over 0.5 g/t Au is very encouraging (La Tache note: I counted 23 of these – see Table 1)
...
Rox Managing Director, Ian Mulholland said: "These are outstanding results. They have ...
identified new anomalies at Dam North
extended known gold trends at Damsel
and Dirks,
and confirmed infill at Shiva
…
We will now plan our follow-up RC and/or diamond drilling campaign.
Rox believes the Dam-Damsel-Shiva area has similarities to the 3.6 million-ounce Bronzewing deposits some 75km to the southwest …"
-----
With Rox having ~$12.5 million cash in the bank plus $3.75 million coming to them in a few years from Teck, they have a cash backing comfortably over 1c / share. Coupled with their still under-explored nickel acreage at Fisher East and Collurabbie, and the fact that the world is inevitably moving into a period of very strong demand for nickel sulphides for batteries, exciting times lie ahead.
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