Youanmi Gold Project Continues to Deliver High-Grade Drill Results
Rox Resources' latest drilling campaign confirms resource growth potential at its flagship Western Australian gold project, with multiple high-grade gold intercepts reinforcing the company's development pathway.
Multiple High-Grade Gold Zones Expand Resource Potential
Rox Resources (ASX: RXL) has announced outstanding new assay results from its ongoing Step-up drilling program at the Youanmi Gold Project in Western Australia. The latest results continue to deliver multiple high-grade gold intersections and define new zones of mineralisation across several key deposit areas.
Standout high-grade intercepts include:
- Prospect area: 5.72m @ 10.90g/t gold including 2.05m @ 24.15g/t
- Youanmi Main: 9.74m @ 6.75g/t gold including 1.55m @ 19.49g/t
- Youanmi Main: 4.32m @ 12.98g/t gold
- Youanmi Main: 3.05m @ 13.72g/t gold including 1.02m @ 28.75g/t
These latest results are part of Rox's comprehensive 35,000-meter Step-up drilling program, which remains on schedule and within budget with four drill rigs currently operating on site.
Drilling Program Expands Three Key Target Areas
The drilling campaign has targeted three primary areas along the high-grade, 1.8-kilometer Youanmi mineralised corridor:
Prospect Area
Results have confirmed down-dip continuity of high-grade shoots across two parallel structures, which can now be projected more than 200 meters beneath historic workings and 160 meters below the base of the Main Pit. Importantly, these are the deepest holes drilled under Prospect and fall outside the existing resource boundary.
Youanmi Main
Drilling north of Youanmi Main has confirmed the continuity of high-grade shoots into areas outside the current resource. The high-grade intercepts align with predicted down-plunge extensions to known mineralisation, providing confidence in the geological model.
Pollard
The deepest hole drilled to date confirms that the Main Lode shear continues through this area, with results of 0.94m @ 6.14g/t gold from 463.3m demonstrating the depth potential of the system.
Progressing Toward Production
Rox Resources' Managing Director & CEO, Phillip Wilding, highlighted the significance of these results: "Drilling continues to deliver high-grade results that will increase the mineral resource and reserves and underpin the new DFS and mine plan. All holes in this ~35,000 metre drill program are focused on resource extensions."
Mr. Wilding emphasised the importance of shallow, high-grade results from the Prospect area, which will link the Main zone with Pollard and provide high-quality ore early in the mine plan.
The company's pathway to production remains on track with several key developments:
- Dewatering infrastructure has been delivered in advance of installation
- Site works progressing as planned with evaporation ponds nearing completion
- Metallurgical test work program largely completed, with Albion™ process testing on concentrate underway
Understanding Gold Mineralisation at Youanmi
Gold mineralisation at Youanmi is developed semi-continuously in shear zones over a strike length of 2,300 meters along the western margin of the Youanmi granite. The gold is intimately associated with sulphide minerals and silicates in zones of strong hydrothermal alteration and structural deformation.
Typical Youanmi lode material consists of sericite-carbonate-quartz-pyrite-arsenopyrite schist or mylonite which frequently contains significant concentrations of gold. The lodes contain between 10% and 25% sulphide minerals, predominantly pyrite (10-20%) and arsenopyrite (1-5%).
This style of mineralisation is favourable for mining, as the well-defined nature of the lodes allows for targeted extraction and potentially lower dilution rates compared to more disseminated gold deposits.
Investment Thesis: Why Youanmi Matters
The Youanmi Gold Project represents a compelling investment opportunity for several key reasons:
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Historical Production with Modern Potential: Youanmi was a high-grade gold mine that produced approximately 667,000 ounces of gold at 5.47 g/t before closing in 1997. The project benefits from existing infrastructure on disturbed mining leases, potentially reducing capital requirements.
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Significant Resource Base: The project has a Total Mineral Resource of 2.3 million ounces of contained gold, with ongoing drilling continuing to expand this resource base.
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High-Grade Intercepts: The consistent high-grade nature of the drill results supports the potential for a high-margin operation.
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Clear Development Pathway: Rox has outlined a clear path to production, with a Pre-Feasibility Study completed and a Definitive Feasibility Study underway, targeting a revised mine plan with higher ore throughput rates and higher annual gold production.
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Exploration Upside: Ongoing drilling continues to identify new mineralised zones and extend known zones, suggesting significant resource growth potential beyond the current 2.3 million ounce resource.
Next Steps: Advancing Toward Production
Rox Resources has outlined several key upcoming milestones:
- Continue drilling activities to deliver an updated Mineral Resource Estimate
- Complete metallurgical test work for the Albion Process™
- Commence dewatering infrastructure installation
- Appoint debt advisors to progress project financing
- Advance environmental approvals and design work
- Initiate geotechnical and tailings dam design work
The company expects to make a Final Investment Decision (FID) in Q1 2026, with mill construction and commissioning to follow, targeting first gold production in Q2 2027.
Why Investors Should Follow Rox Resources
With gold prices reaching record highs in 2024, Rox Resources offers investors exposure to a significant gold development project with clear pathway to production. The company's Youanmi Gold Project combines high-grade mineralisation, existing infrastructure, and a substantial resource base with significant growth potential.
The latest drilling results reinforce the high-grade nature of the deposit and demonstrate the company's ability to expand the resource through targeted exploration. As Rox advances toward completing its Definitive Feasibility Study and making a Final Investment Decision, investors have multiple near-term catalysts that could drive share price appreciation.
For investors seeking exposure to the gold sector through a company with an advanced-stage project and significant upside potential, Rox Resources presents a compelling opportunity worth close attention in the coming months.
Ready to Invest in Youanmi's High-Grade Gold Potential?
For more information about Rox Resources and their flagship Youanmi Gold Project with its impressive 2.3 million ounce resource base and consistent high-grade drill results, visit Rox Resources' website. Discover how this ASX-listed company is advancing toward production with a clear development pathway and multiple near-term catalysts that could drive significant investor returns as gold prices reach record highs.
