Significant new discovery at Radio Hill

Fox Resources has discovered a significant new sulphide zone at its flagshi....

  Fox Resources has discovered a significant new sulphide zone at its flagship Radio Hill operations in the Pilbara region of Western Australia.Exploration drilling has intersected 45m of disseminated nickel and copper sulphide mineralisation from 287m down hole depth, approximately 350m southeast of the existing known Radio Hill orebody. Fox said the intersection included 1.15m of massive nickel and copper sulphide mineralisation from 323.5m down hole depth, with pentlandite (nickel) and chalcopyrite (copper) also identified in the drill core.These strong preliminary results are part of Fox’s three-hole conceptual drill program designed to test for a repetition of the existing Radio Hill orebody.Fox’s Managing Director, Don Harper said it was a brave decision to commit to deep drilling at Radio Hill based on conceptual targets. “Although we are still at an early stage the result is highly encouraging,” said Mr Harper. “Continued success here will only be positively magnified due to the discovery being at the location of an operating mill and within 350m of an existing decline already at a depth 285m below the surface. “What we are exploring for is a repeat of the Radio Hill orebody based on the Voisey Bay model and this is a great start,” he said. On the strength of these results, Fox said drilling at the second diamond drill hole will continue to a target depth of 900m, with a Down Hole Electromagnetic (DHEM) survey crew scheduled to return next month to probe to test the extents of this newly discovered sulphide zone.