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Goldman Underground drilling and development extend the United North gold system
Rox Resources Limited (ASX:RXL) has reported new underground diamond drilling results and a development update from its 100%-owned Youanmi Gold Mine in Western Australia.
The latest United North drilling returned four reported intersections, while Rox said host shear zones were observed in every hole. The company reports that the drill intercepts approximate true width.
- 2.24m at 39.33g/t Au from 220.70m (UNN26_014)
- 5.00m at 6.39g/t Au from 108.00m, including 1.27m at 22.36g/t Au from 110.83m (UNN26_011)
- 10.40m at 2.65g/t Au from 113.83m, including 4.37m at 4.96g/t Au from 119.86m (UNN26_009)
- 6.13m at 2.96g/t Au from 118.50m, including 1.36m at 8.62g/t Au from 119.00m and 0.55m at 6.24g/t Au from 123.49m (UNN26_012)
Rox completed 17 underground diamond holes for 3,198 metres during July. Development on the 2356mRL and 2341mRL levels has progressed beyond the Definitive Feasibility Study mine plan, while Youanmi Deeps resource-conversion and exploration drilling is scheduled to begin in the September quarter.
The company also signed a power purchase agreement with Pacific Energy for a facility designed to provide 25MW of thermal power, 26MWdc of solar power and a 9.3MVA battery. Rox said processing-plant construction and underground development remain on track for first gold in mid-2027.
Rox Resources managing director and chief executive Phill Wilding:
Underground infill drilling at United North has continued to return significant high-grade results, further solidifying Rox’s mine plan and continuing to derisk delivery from the high-grade Youanmi ore system.
Development drives are now progressing beyond the DFS mine plan, delivering encouraging face sampling results which are strengthening our confidence in mineralisation extending beyond that outlined in the DFS.
Combined, these results are setting the stage for the Youanmi Gold Mine to progress towards our aspiration of becoming a 150,000ozpa operation in future years.
We are also pleased to announce our power purchase agreement with industry-leading energy provider Pacific Energy to deliver our multi-sourced power station at Youanmi.
Coupling all of this activity with yet another record month of development advance, infrastructure going into the mine and construction progress on the processing plant, Rox remains firmly on track to be delivering gold in mid-CY2027.
