Rox Resources (ASX:RXL) Reports High-Grade Gold Discoveries at Youanmi Project, Expanding Potential

March 11, 2025 01:06 PM AEDT | By Team Kalkine Media

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Rox Resources (ASX:RXL) Reports High-Grade Gold Discoveries at Youanmi Project, Expanding Potential — Image source: shutterstock

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Highlights

Significant gold intercepts confirmed at Youanmi Project

Drilling progress at 64%, with further results expected

Operational and metallurgical developments underway

Rox Resources (ASX:RXL) has reported promising high-grade gold assay results from its ongoing Step-up drilling program at the Youanmi Gold Project. The latest drilling intercepts have showcased strong mineralization, with notable results including RXRC568: 6.00m at 19.08g/t and RXDD162: 1.00m at 40.93g/t. This latest progress further strengthens the project's resource potential, with 64% of the drilling program now completed. Five drill rigs remain active onsite, and additional assay results are anticipated in the coming months.

Strategic Advancements in Operations

Alongside drilling progress, Rox Resources (RXL) has also been focusing on critical operational upgrades at Youanmi. The completion of remedial work on the evaporation ponds marks a key milestone, with pipeline installations planned for late March. These enhancements are vital to initiating dewatering activities, a crucial step in further mine development.

Metallurgical testing at ALS Perth is progressing well, with initial results expected by mid-year. The data from these tests will provide valuable insights into processing efficiencies and recovery rates, further refining the project’s economic potential.

Future Growth Plans and Resource Expansion

As part of its long-term strategy, Rox Resources (RXL) is advancing its drilling program to expand the mineral resource base while upgrading portions of the existing resource to the Indicated category. This approach aims to strengthen the company's mine plan, optimize ore throughput, and enhance gold production capabilities. By refining these aspects, the company seeks to improve overall project economics and reduce the capital payback period.

Encouraging Outlook from Leadership

Company executives have expressed optimism regarding recent exploration progress. Managing Director & CEO Phillip Wilding highlighted the success of the ongoing ~35,000-metre Step-up Diamond and RC drill program, emphasizing its role in resource expansion. Wilding also pointed out the discovery of high-grade mineralization at the emerging ‘Prospect’ area, positioned between Pollard and Youanmi.

The identification of shallow, high-grade ounces at Prospect could play a pivotal role in shaping the Definitive Feasibility Study (DFS) mine plan. This development presents the potential for accelerated production timelines, further reinforcing the project's commercial viability.

With drilling still underway and additional results on the horizon, Rox Resources (RXL) continues to advance its Youanmi Gold Project, positioning itself for future growth in the gold exploration sector.

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