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Rox Resources Calls Fisher East a 'New Nickel Sulphide Province'
Aug. 25, 2015 10:38AM PST
Base Metals Investing
Rox Resources Ltd. (ASX:RXL) announced further results from a recently completed aircore drilling program at its Fisher East nickel project, located in Western Australia.
Rox Resources Ltd. (ASX:RXL) announced further results from a recently completed aircore drilling program at its Fisher East nickel project, located in Western Australia.
Highlights include:
- Three new zones of potential nickel sulphide mineralisation identified
- Highly anomalous values of nickel, copper and PGEs coincident with EM conductors
- Nickel sulphides drilled at one of these locations
The press release also states:
The drilling program of 59 holes for 3,586 metres was designed to test a number of EM conductors identified from recent airborne VTEM surveys.
Drilling of three EM conductors has returned highly anomalous nickel, copper and platinum group element (PGE) values, including the existing Mt Tate prospect and EM conductors MTVTEM_03 and MTVTEM_05 (now collectively named the Horatio prospect).
Of particular interest was hole FEAC396 at the Mt Tate prospect which intersected nickel sulphide mineralisation in the last sample of the hole. The hardness of the sulphides and siliceous cap material prevented the aircore hole from penetrating deeper, and a follow-up RC drilling program is being planned. Individual chips of the nickel sulphides returned 2-3% Ni when analysed with a portable XRF.
Ian Mulholland, managing director at Rox Resources, commented:
Aircore drilling continues to be a very cost-effective exploration technique for us. The fact that all three geochemically anomalous zones are associated with VTEM conductors indicates a high probability that we will intersect nickel sulphides, and we already have at one of the locations.
We have drilled gossanous material in a number of holes as well, and the geology looks similar to the other four nickel sulphide deposits we have already discovered at Camelwood, Cannonball, Musket and Sabre.
Fisher East is undeniably a new nickel sulphide province in Western Australia, similar to Kambalda, Leinster, and Forrestania.
Click here to read the full Rox Resources Ltd. (ASX:RXL) press release.