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  • Rox Resources Awarded WA Government Exploration Grant For Mt Fisher 0 comments
    Jan 24, 2013 8:24 PM

    Rox Resources (ASX: RXL) has been awarded three grants totalling $100,000 under the WA Government's Exploration Incentive Scheme to test under explored areas at Mt Fisher gold/nickel project.

    The project is located 450km north of Kalgoorlie in Western Australia.

    The co-funding will be allocated to under-explored areas within the Mt Fisher project.

    This will include the Mt Fisher and Dam gold prospects, and the Fisher East nickel prospects at Camelwood and Corktree.

    Rox managing director, Ian Mulholland said, "Given our recent success at Fisher East, this additional funding enables us to increase the pace and scope of our exploration efforts on these highly prospective tenements."

    Mulholland said today he anticipated the first stage of co-funded drilling at Fisher East will be completed in the first quarter of 2013.

    The remainder will be completed during the course of 2013.

    A drilling program at its Fisher East nickel sulphide discovery produced higher grade and thicker nickel intercepts than previously logged, with widths of up to 20 metres and grades up to 3% nickel.

    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.

    Rox Resources has been a sharemarket star up over 512 per cent at one stage during the past month.

    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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