Venus Metals and Rox Resources report high-grade results from drilling at Link gold prospect

Venus Metals Rox Resources ASX VMC RXL Youanmi gold intersections
Venus Metals and Rox Resources have developed a 1.7Moz gold resource at Youanmi.

Drilling at the Link prospect within the Youanmi gold project near Mount Magnet in Western Australia has returned numerous high-grade intersections for joint venture partners Venus Metals Corporation (ASX: VMC) and Rox Resources (ASX: RXL).

The results were generated from a 40 by 40m grid drill pattern designed to convert mineralisation at Link into additional gold resource inventory at Youanmi.

Work focused on growing the recently-updated resource inventory at Youanmi, which currently stands at 1.7 million ounces grading 2.85 grams per tonne gold.

It included resource extension and conversion drilling to feed into a new upgrade scheduled for release before mid-2022, which is expected to improve the confidence category of existing resources.

Good continuity

Drilling intersected gold at depths between 170m and 260m below surface, demonstrating that mineralisation in this area shows good continuity and should readily convert to resource ounces.

The results defined a zone of high-grade mineralisation more than 100m from the current resource and within proximity to the base of historic open pits and an underground development.

Highlights included 3m at 9.35g/t from 182m, within 5m at 6.33g/t from 180m; 2m at 7.93g/t gold from 279m, within 9m at 3.02g/t from 272m; 2m at 12.59g/t gold from 235m, within 3m at 8.61g/t from 235m; and 2m at 7.81g/t gold from 234m, within 7m at 2.82g/t from 230m.

Rox managing director Alex Passmore said the assays would add to the joint venture’s confidence that mineralisation in the area is “hanging together nicely” and will deliver into an updated resource inventory next year.

High-grade zone

Drilling to-date at Link has defined a zone of high-grade mineralisation more than 200m from the current resource envelope with extensive down-plunge continuity of high-grade ore zones.

It is believed to be open down-plunge to the northwest and up-dip to the southeast.

Results are pending for 18 reverse circulation and 14 diamond holes in addition to 22,000m of aircore drilling undertaken on regional prospects.

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