PRECIOUS METALS

Damsel encouraging Rox with gold promise

Junior believes area has serious system potential

Damsel encouraging Rox with gold promise

Results today were highlighted by 18m at 7 grams per tonne gold from 69m from Damsel, with immediate follow up planned.

Damsel is located within a 1km long gold anomaly (in regolith) defined by grades greater than 1gpt gold, with the area part of a broader 7km long gold anomaly (grading more than 0.2gpt).

"Gold anomalism of this scale has the potential to reflect a large primary gold system," Rox said.

The gold belt at Mt Fisher (and Mt Eureka) is 40km east of the Yandal belt that hosts the multi-million ounce Jundee and Bronzewing deposits.

Rox holds 100% of 500sq.km of ground in the region (including Damsel) and has a joint venture with Cullen Resources covering another 350sqkm.

Rox says much of the past exploration in the belt has principally been surface geochemistry and shallow RAB drilling which highlighted strong gold anomalism but did not adequately test primary basement mineralisation.

Rox's work at Mt Fisher-Mt Eureka comes as it continues exploration and mine study work at Youanmi, a 70/30 joint venture with Venus Metals Corp.

Shares in Rox were up up 4% to A40c in afternoon trade.

Rox started the quarter with $6.9 million cash.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.