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Company Announcement: Massive Sulphides in First Diamond Hole

15th February 2013

  

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Rox Resources Limited  (1.15 MB)

Rox Resources Limited is pleased to announce that the first diamond hole drilled at its Fisher East nickel sulphide project, located 450 km north of Kalgoorlie, Western Australia has intersected massive to semi-massive and disseminated sulphides over a 6.0 metre down hole interval. The first diamond drill hole at the Camelwood prospect, MFED001, was drilled 50 metres down dip from RC hole MFEC002 and intersected 6 metres of sulphide mineralisation comprising 3.1 metres of massive to semi-massive sulphide mineralisation followed by 2.9 metres of strongly disseminated sulphide mineralisation.

Commenting on the drilling Managing Director Ian Mulholland said, “This is a very positive and significant result. To date we have drilled 7 RC holes and now one diamond hole at Camelwood with all hitting sulphide mineralisation. It confirms that the Camelwood discovery represents significant nickel-bearing sulphide mineralisation down to at least 300 metres vertical below surface and at least 500 metres along strike. This indicates a large body of mineralisation that is still open at depth and along strike.” It is anticipated that laboratory analyses will be available in about 4 weeks after core logging and cutting are carried out. Drilling is continuing at Fisher East with an RC drilling rig testing strike extensions to Camelwood and other EM anomalies in the area, and a diamond drilling rig testing the large EM conductor and depth extensions at Camelwood.

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