West Australian gold exploration and development company, Rox Resources Limited, has commenced diamond drilling at the Mt Fisher Gold Project.
The Mt Fisher Gold Project is an early-stage project within the company’s project pipeline that includes the advanced stage Youanmi Gold Project (3.2 million ounces gold).
The Mt Fisher Gold Project is located in the Northern Goldfields, approximately 500 kilometres northeast of Kalgoorlie (about 120 kilometres east of Wiluna) within the Mt Fisher greenstone belt. This belt is located 40 kilometres east of the prolific Yandal greenstone belt, host of significant gold deposits including Jundee, Bronzewing and Mt McClure.
The co-funded diamond drilling program comprises one deep diamond hole (600 metres total depth, HQ), designed to test a strong electromagnetic (EM) conductor potentially related to pyrrhotite associated gold mineralisation down plunge of the high-grade historical Mt Fisher Mine.
Assays are pending for 17 holes from 2,200 metres of RC drilling at the project.
The company was successful in its application for a grant of a maximum of $67,000 towards diamond drilling costs at Mt Fisher, under Round 25 of the Western Australian Government Exploration Incentive Scheme (EIS). The EIS grant will contribute towards 50 per cent of direct drilling cost.
Rox’s tenure covers a large area over the Mt Fisher greenstone belt, measuring 850 square kilometres in total, comprising Rox and Cullen Resources JV. Under the Cullen JV, Rox is earning up to 75 per cent, with Cullen Resources Limited holds the remaining 25 per cent.