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    market news

    Rox Resources: Nickel Sulphide Mineralisation Hit at Collurabbie

    Melissa Shaw
    Nov. 21, 2017 08:50AM PST
    Base Metals Investing

    Rox Resources (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that thick intersections of disseminated nickel sulphides have been made in RC drilling recently completed at the Collurabbie project 250km north of Laverton in Western Australia. The initial drilling program comprised 4 holes for 558 metres to follow-up strong nickel-copperplatinum-palladium aircore drilling anomalies …

    Rox Resources (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that thick intersections of disseminated nickel sulphides have been made in RC drilling recently completed at the Collurabbie project 250km north of Laverton in Western Australia.
    The initial drilling program comprised 4 holes for 558 metres to follow-up strong nickel-copperplatinum-palladium aircore drilling anomalies recently defined at the Olympia North and Ortus prospects (ASX:RXL 10 October 2017). The new results confirm the presence of nickel sulphides at Olympia North and that the ultramafic belt there is fertile for nickel sulphide mineralisation.
    Rox Managing Director, Ian Mulholland said:

    “We are encouraged by the results from Olympia North because they confirm that a fertile ultramafic belt for nickel sulphides exists, extending north from our Olympia deposit through Olympia North and beyond for up to 15km. The key now is to identify where along this belt there are accumulations of massive sulphides similar to the Olympia deposit.
    We also note the cobalt and platinum group element (PGE) assays. Cobalt and nickel are now being recognized as major components in electric vehicle batteries.”

    Click here to read the full text release. 

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