Question for any posters that have followed ROX for many years. Why isn't the company more excited about the Bonya VMS discovery? To me, not knowing the full history of the project it seems very exciting with huge potential. Fantastic grades and under-explored using modern techniques.
Hits of 38m @ 4.4%Cu are Bonanza, forget Nickel for now and focus on the high-grade Cu!
2014
"Volcanogenic Massive Sulphide (VMS) geological setting similar to other areas such as Mount Hardy in the Northern Territory and of a similar deposit type to those found in the Doolgunna district in Western Australia, which hosts Sandfire’s DeGrussa deposit."
Highlights:
- High Grade Copper Intersected in drilling:
- 38m @ 4.4%Cu
- 13m @ 5.4% Cu
- 3m @ 13.4% Cu
- Geochemical sampling identified several anomalous areas with outcropping secondary copper mineralisation
- Mineralisation style is the same as the adjacent Jervois copper deposit
- Rox holds a 51% project interest and has elected to earn up to 70% by spending a further $1.0 million by December 2017
Rox Managing Director, Mr Ian Mulholland said “We continue to be encouraged by these drilling results,
which have intersected copper sulphide mineralisation at a number of locations.”
“Although the results from the Bonya Mine prospect were exceptional and are now being followed up with a
second drilling program, the results from EM Anomaly 03 are also quite encouraging given the first pass
nature of the drilling. The results from the other EM Anomalies, 04 and 05 are anomalous, and also worthy
of further investigation.”
“What is emerging now, as a result of this drilling program, is that there are a number of other targets
within the area that we should prioritise. The results from the Bonya Mine prospect indicate that other
areas of outcropping copper oxide mineralisation have the potential to host high grade copper sulphide
mineralisation. We’re designing a much larger and more extensive exploration program to fully assess the
tenement area.”
