More Zinc for Rox Resources

Rox Resources Ltd has announced it has received further excellent high-grade ....

Rox Resources Ltd has announced it has received further excellent high-grade zinc-lead results at its Myrtle prospect, approximately 20km south of the world-class McArthur River zinc mine in the Northern Territory.The first two holes of a six hole program have each intersected broad zones of mineralization and have defined high grade zinc-lead sulphide lenses within those broader zones. Assays for the remaining holes are awaited. The more significant intersections from the first two holes, MY16 (previously announced) and MY17 are: MY16: 5 metres grading 9.0% Zn + Pb from 189 metres depth, within a broader zone of 19 metres grading 5.5% Zn + Pb from 179 metres, 4 metres grading 6.1% Zn + Pb from 160 metres depth,4 metres grading 4.1% Zn + Pb from 217 metres depth. MY17: 2.25 metres grading 8.3% Zn + Pb from 407.75 metres depth within 14.25 metres grading 4.0% Zn + Pb from the same depth, 2 metres grading 6.0% Zn + Pb from 465 metres depth, and1.25 metres grading 9.1% Zn + Pb from 471.2 metres both within 7.5 metres grading 5.0% Zn + Pb from 465 metres. The results from this drilling and recently completed soil sampling have highlighted the near surface potential for mineralisation, and a two hole RC program will be underway shortly to test this potential.Three of the four remaining holes drilled, MY19, 20 and 21 have intersected visible zinc-lead sulphide mineralisation. Assays from these holes will be announced as they are received. The assay results, geological logging and interpretation are indicating that a large mineralized system is in place at Myrtle and further drilling is warranted.The near surface potential for mineralisation that may be exploitable by open pit mining will be tested shortly by two RC holes as shown in Figure 3. Rox has been able to secure an RC drilling rig for just a few days between its commitments to other contracts. If this shallow drilling is successful, then a larger RC drilling program will be undertaken to fully test this near surface potential. The distance between current holes MY16 and MY19 is about 500 metres, and the IP anomaly extends beyond the current soil sampling to the west of hole MY19, and has not been closed off in this direction.Another IP anomaly is located about 1km to the east of the drilling area, and soil sampling and geological mapping over this zone is planned.