Venus Metals Corporation Ltd. in conjunction with Rox Resources Ltd is pleased to announce the commencement of a c. 1,200 m reverse circulation drilling programme at the Currans Find Prospect, that is part of the Youanmi Gold Project. This initial RC programme is expected to be completed by early June. Drilling will focus on shallow high-grade gold mineralization in historical drilling and interpreted down-plunge [...]
Venus Metals Corporation Ltd. has entered a binding term sheet with Rox Resources Ltd. to enable VMC to settle the Youanmi Gold Mine purchase and Rox will fund aggressive exploration in the project area through three Joint Ventures formed with VMC. - The Youanmi Gold Mine option-to-purchase transaction was announced by VMC on 28th May 2018 -see ASX release for full details "Transformational Deal for Venus - Youanmi Gold [...]
Rox Resources has agreed to sell its 49% interest in a joint venture with Teck Australia on the massive Reward Zinc Project in the Northern Territory for $14.8 million to IMI Zinc Exploration Pty Ltd. The deal consists of $2 million in cash and $12.8 million in shares (64 million shares @ 20 cents per share). The offer to purchase Rox's share of the joint venture can be matched by Teck, which has a pre-emptive right to [...]
Rox Resources is one of Australia's most successful junior minerals exploration companies. The Company recently released a very positive scoping study on its flagship Fisher East Nickel Sulphide Project in the Western Australian goldfields region, and also announced a new nickel sulphide discovery at its Sabre Project. The Sabre discovery, lying 6 km along strike of the known Camelwood and Musket Projects, demonstrates [...]
Rox Resources is pleased to report a new nickel discovery from an aircore drilling program undertaken at its 100% owned Fisher East Nickel Project, 500km north of Kalgoorlie in Western Australia. The results are from the newly identified Sabre prospect located 6km south of the Musket nickel sulphide deposit. The drill holes are situated on E53/1802, acquired late in 2014 (ASX RXL 8 December 2014) under an Option agreement [...]
Advanced Australian minerals exploration company, Rox Resources (ASX:RXL), has announced a maiden mineral resource for the Musket deposit which has boosted the total nickel inventory at Rox Resources' Fisher East project in Western Australia by more than 100%. With about two thirds of the resource sitting in the indicated category, Musket has an indicated and inferred resource of 2.1 million tonnes at 1.8% nickel for [...]