Rox Resources Discovers New Nickel Sulphide Mineralisation at Fisher East

Rox Resources (ASX: RXL) (“Rox” or “the Company”) is pleased to report encouraging results from the recently-completed RC drilling program at Fisher East. The program generated the first ever intersection of massive and disseminated nickel sulphides at Mt Tate (Figure 3), and expands the prospectivity of the Fisher East Ultramafic Belt.
Rox Managing Director, Mr Ian Mulholland said:

“This new discovery at Mt Tate supports our confidence that Fisher East is an extremely fertile Ultrmafic Belt. Mt Tate is now the fifth nickel sulphide mineralised zone we have identified after Camelwood, Musket, Cannonball and Sabre.
In addition, the indications of nickel sulphides at Cutlass and Sabre North are also encouraging and worthy of follow-up. Our Mineral Resources at Fisher East are 2.04 Mt @ 2.5% Ni (at a 1.5% Ni cut-off) for 50,600 tonnes of contained nickel (ASX:RXL 5 February 2016), and we are confident of adding to these resources as we continue to test new targets and drill deeper holes at known deposits.”

A 7m thick massive pyrite zone at Mt Tate sits approximately 20m stratigraphically above (downhole because sequence is over-turned) the nickel sulphide zone. This massive pyrite zone was also intersected at Tomahawk. It is significant because it shows that a strong sulphide source is present, which is an essential ingredient to the formation of nickel sulphides.
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