Rox Resources will commence a drilling program at the Mt Fisher-Mt Eureka gold project, located in the Mt Eureka greenstone belt in the northern Goldfields of Western Australia.
This belt is located 40 kilometres east of the prolific Yandal greenstone belt, host of significant gold deposits including Jundee, Bronzewing and Mt McClure. Rox holds 850 square kilometres of the Mt Eureka greenstone belt and surrounding prospective zones, with 350 square kilometres of that held by the Cullen Resources JV.
A 4,000 metre RC and diamond drill program is currently being conducted on high priority drill ready gold targets generated from a recently completed project review.
Target areas were identified from existing historic geochemical and geophysical datasets. The highly prospective Mt Eureka greenstone terrane hosts extensive orogenic gold mineralisation. Numerous high-grade gold occurrences warrant immediate follow up drilling including: The Mt Fisher Mine, Dam/Damsel Gold Trend, Wagtail, Taipan, Southern-Galway and Eureka North-West.
Rox believes that the Mt Fisher – Mt Eureka Gold Project has the potential to host significant sized gold deposits and economic VMS mineralisation.
Reconnaissance drilling of 160 aircore holes for 7,300 metres was completed to test the intersection of the regional scale NE trending Mt Fisher Fault with favourable NNW trending stratigraphy. The Mt Fisher Fault is believed to be a regionally important, perennially reactivated basement structure. The fault is likely a feeder conduit, syngenetic with Au and VMS style mineralisation at the Mt Fisher Mine and Dam/Damsel/Dirks gold trend. Assays remain pending for all holes.