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  • Rox Resources Hits More High Grade Nickel At Camelwood 0 comments
    Apr 3, 2013 11:48 PM

    Rox Resources (ASX: RXL) has intersected high grade nickel at its Camelwood nickel sulphide prospect at Fisher East, Western Australia.

    Notable intercepts from drilling at the project include:

    - 1.2 metres at 5.2% nickel including 0.7 metres at 7.8% nickel from 388.7 metres; and
    - 3.1 metres at 3.4% nickel from 384.6 metres.

    In addition, Platinum Group Element assays from a diamond hole have been received with the results for the previously reported intercept being 11.4 metres at 0.57 grams per tonne PGE including 6.4 metres at 0.73g/t PGE that further includes higher grade zone of 2.9 metres at 0.81g/t PGE.

    Continued reverse circulation drilling has also extended the strike length of nickel sulphide mineralisation to over 800 metres.

    "The results we are receiving are demonstrating excellent prospects for economic grades and thicknesses at Camelwood," managing director Ian Mulholland said.

    "The massive sulphide portions of the system are consistently showing grades in the 4.5 to 5.5% nickel range, with 7.8% nickel the highest grade reported to date, while the strongly disseminated and semi-massive zones are showing grades between 2.5 and 3.5% nickel.

    "A much better picture of the distribution of nickel sulphide mineralisation is starting to emerge as we continue to drill more holes".

    Diamond drilling is continuing to test down dip extensions of the nickel sulphide mineralisation intersected by nearer surface drilling.

    Reverse circulation drilling is ongoing, drilling a number of shallow 50m metre infill sections as well as continuing to define extensions to the north.

    Rox is also planning to test the deeper Camelwood North electromagnetic conductor located about 500 metres north of Camelwood within the next three weeks.

    This conductor appears to be a down faulted offset from the main Camelwood EM conductor.

    Rox had $1.88 million in cash as of 31 December 2012.

    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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