Rox Resources Reports Strong Progress at Youanmi Gold Project
Carol Forrest
Rox Resources Limited (ASX: RXL) has announced significant progress at its flagship Youanmi Gold Project in Western Australia, highlighting its potential as a major gold resource. Recent exploration has yielded high-grade gold intercepts, indicating substantial growth opportunities.
Key Highlights:
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Total mineral resource at Youanmi stands at 12.4 million tonnes at 2.97 g/t Au for 1.19 million ounces, including a high-grade component of 2.4Mt at 8.5g/t Au for 658,000 ounces.
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The company has reported exceptional drill results from the Grace Prospect, including:
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5m @ 125.7g/t Au
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7m @ 54.5 g/t Au
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2m @ 137.7 g/t Au
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Extensive historical database and infrastructure in place, including a developed underground mine and existing processing facilities, potentially facilitating rapid and cost-effective future development.
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Planned near-term exploration includes air-core and diamond drilling programs, targeting resource growth and expansion of known mineralisation zones.
Managing Director Alex Passmore stated, "These high-grade drill results confirm the substantial exploration upside at Youanmi, significantly enhancing our confidence in developing the project into a robust gold operation."
Rox Resources continues to explore strategic partnerships and potential expansions, positioning itself effectively to capitalise on the strong Australian gold market.
For more updates, visit www.roxresources.com.au.