Highlights:
- Results demonstrate continuity of gold mineralisation and derisk the deposit ahead of future commercialisation
- Highlights (above 30 gram-metres) from latest grade control drilling on 5x5m drill spacing at Grace include:
RXGC011: 7m @ 35.32g/t Au from 33m
RXGC091: 5m @ 15.23g/t Au from 3m
RXGC143: 5m @ 14.29g/t Au from 41m
RXGC046: 6m @ 11.85g/t Au from 0m
RXGC010: 6m @ 10.46g/t Au from 17m
RXGC022: 5m @ 11.49g/t Au from 27m
RXGC173: 2m @ 22.69g/t Au from 35m
RXGC170: 7m @ 6.46g/t Au from 48m
RXGC127: 8m @ 3.47g/t Au from 39m
The grade control results demonstrate continuity of the mineralisation, reconcile well with the resource model in this area and further de-risk the Grace deposit, located withing the broader Youanmi mine area.
Rox Managing Director
"RC drilling at Grace down to a minimum 40m vertical depth on a closely spaced drill pattern (i.e. 5m x 5m intersection spacing over the central and shallow areas) has further delineated high-grade, free milling mineralisation close to surface adjacent to historic mining operations.
As part of development planning for the
Grace Grade Control Drilling
Resource drilling to date has identified areas of high-grade near surface gold mineralisation at Grace. Grace presents as a potential opportunity for early open pit mining followed by eventual establishment of a portal at the base of the pit and underground development.
RC grade control drilling was completed on a 5m x 5m intersection spacing down to a minimum depth of 40m vertically to compliment previous resource definition drilling by Rox. This encompasses an approximately 180m x 50m area. (Figure 1*).
Results have now been received for this drilling, confirming significant high-grade granite hosted gold mineralisation (Table 1*).
Grace Geology
Granite-hosted gold mineralisation occurs at several sites at Youanmi, most notably Grace and the Plant Zone Prospects. Grace, discovered by Rox in
Metallurgical testing of both oxide and fresh RC samples from the Grace deposit confirmed excellent recoveries of up to 99.8% through conventional processing methods (ASX RXL 03/02/2021).
Additional work has been completed as follows:
- caprock has been removed;
- dozer ripping trial completed to establish free dig status top 50 metres;
- trench sampling;
- Gemeni Table work to establish repeatability and inputs for gravity circuit design (ASX RXL 15/07/2021);
- detailed geotechnical analysis; and
- waste rock characterisation.
Forward Plan
The Company continues its approach of simultaneously exploring and conducting mining studies. Ongoing and planned activities at Youanmi include:
- Inferred to indicated resource conversion and exploration drilling;
- Feasibility level underground and open pit metallurgical testwork;
- Scoping level study processing plant design and costing; and
- Mine design and environmental work.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/LS5O8J48
About
The Company's major gold project is the
Contact:
Managing Director
Tel: +61 8 9321 7541
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