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  • Rox Resources Pursues Nickel Sulphide Discovery At Fisher East  0 comments
    Jan 17, 2013 8:01 PM

    Rox Resources (ASX: RXL) is following up on its nickel sulphide discovery at Fisher East in Western Australia with the start of a ground electromagnetic survey.

    Earlier this week the company revealed it had returned generally higher grade and thicker nickel intercepts than previously logged, with widths of up to 20 metres and grades up to 3% nickel from the Camelwood prospect.

    Reverse circulation drilling in December 2012 intersected semi-massive and disseminated nickel sulphide mineralisation in all five holes drilled at the prospect, covering a strike length of 300 metres and up to 200 metres vertical depth.

    The system remains open in all directions, with only the top part interpreted to have been drilled at this stage.

    Assays confirmed the earlier portable XRF analyses and identified Camelwood as a significant new nickel sulphide discovery.

    Ian Mulholland, managing director, commented: "We are applying a disciplined and systematic approach to define these nickel sulphide targets and identify new conductors on our tenements.

    "We are highly encouraged by the results from Camelwood, and believe Fisher East has the potential to host a very large mineralised system."

    The new ground electromagnetic survey is using a fixed loop configuration to map out the prospective nickel-sulphide bearing horizon along 8 kilometres of strike, including the Corktree and MFA_01 VTEM anomalies that lie along strike from Camelwood, before further drilling begins in mid-February.

    Drilling results

    Reverse circulation drilling returned a thick intersection of 20 metres at 1.1% nickel from 159 metres, including 6 metres at 1.4% nickel and 5 metres at 1.5% nickel.

    Other noteworthy intersections included 3 metres at 1.3% nickel from 130 metres, including 2 metres at 1.6% nickel; 4 metres at 2% nickel from 212 metres; 3 metres at 1.7% nickel from 152 metres, including 2 metres at 2.2% nickel; and 1 metre at 3% nickel from 147 metres.

    Mt Fisher

    Fisher East forms part of the Mt Fisher Project, 450 kilometres north of Kalgoorlie, where Rox has previously focused on gold exploration.

    Previous drilling results from Rox's broader Mt Fisher project indicate the Greenstone belt could host over a million ounces of gold.

    The Mt Fisher gold project, which covers 655 square kilometres, is well endowed with gold, as well as showing strong potential for nickel.

    Rox wholly owns 485 square kilometres and holds an option to purchase 100% of a further 170 square kilometres.

    The Mt Fisher Mine Area is a large mineralised system with a similar geological sequence to Navigator Resources' (ASX: NAV) Bronzewing Gold Project.

    The Mt Fisher project hosts a JORC Resource of 973,000 tonnes at 2.75g/t for 86,080 gold ounces and is strategically located within 150 kilometres of four treatment plants.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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