Rox Resources Limited reported significant new results from Reverse Circulation drilling at the Company's 100% owned Mt Fisher Gold Project (Rox 100%). The Mt Fisher Gold Project is an early-stage project within the Company's project pipeline that includes the advanced stage Youanmi Gold Project. An RC program of 16 holes for 2,060m was recently completed at the Damsel prospect on Rox 100% owned tenure.

The program followed up on results announced in April 2022 where drilling intersected a thick shallow zone of high-grade gold in MFRC081 (18m @ 6.99 g/t Au from 69m, including 10m @ 10.27 g/t Au). Infill drilling on a 40m spacing confirmed the continuity of mineralisation along strike, down dip, and down plunge of MFRC081. The Mt Fisher Gold Project is located in the Northern Goldfields, approximately 500km northeast of Kalgoorlie (about 120km east of Wiluna) within the Mt Fisher greenstone belt.

This belt is located 40km east of the prolific Yandal greenstone belt, host of significant gold deposits including Jundee, Bronzewing and Mt McClure. Rox's tenure covers a large area over the Mt Fisher greenstone belt (850km² in total, comprising: Rox 100% 500km², and Cullen Resources JV 350km²). Under the Cullen JV Rox is earning up to 75%, with Cullen Resources Limited holding the remaining 25%.

The Dam-Damsel Gold Trend is defined by strong gold and multi-element anomalism (Sb, As, Bi, Cu, and Zn) over 10km of strike within a well-defined structural corridor on the western limb of the Wonganoo Anticline. Mineralisation trends in a north-south orientation and is interpreted to be channelled along the bounding Dam and Dirks shear zones and particularly through an anastomosing network of linking structures between these major shears. The extensive nature and continuity of the gold mineralisation indicates the Dam/Damsel Gold Trend has strong potential to host significant gold deposits.

Drilling at the Damsel prospect was completed to follow up and extend highly encouraging results reported in April 2022. The recent program consisted of 16 RC holes (MFRC087 to 102) for 2,060m. Drilling was completed on 40m spaced sections, orientated towards the east (90°) at an inclination of -60°, with holes spaced 40m to 80m apart on drill sections.

Highlights from this round of drilling include: MFRC098: 11m @ 2.74g/t Au from 40m, including 4m @ 6g/t Au from 45m. MFRC089: 15m @ 1.89g/t Au from 140m, including 6m @ 2.84g/t Au from 142m. MFRC099: 8m @ 2.55g/t Au from 53m, including 5m @ 3.17g/t Au from 53m.

MFRC100: 8m @ 2.28g/t Au from 17m, including 2m @ 7.86g/t Au from 20m. MFRC095: 11m @ 1.58g/t Au from 41m, including 1m @ 7.52g/t Au from 45m. MFRC091: 10m @ 1.68g/t Au from 106m, including 3m @ 3.25g/t Au from 106m and 1m @ 3.71g/t Au from 115m.

MFRC088: 5m @ 3.18 g/t Au from 37m and 2m @ 4.64g/t Au from 70m. MFRC101: 4m @ 2.81g/t Au from 42m, including 1m @ 8.03g/t Au from 44m and 8m @ 1.82g/t Au from 49m including 2m @ 4.68g/t Au from 54m. MFRC097: 1m @ 5.36g/t Au from 18m and 1m @ 10.8g/t Au from 24m.

MFRC102: 13m @ 0.79g/t Au from 79m and 5m @ 1.71 g/t Au from 108m. MFRC090: 2m @ 4.33g/t Au from 71m. The geology of the Damsel prospect comprises a package of north-south striking, strongly foliated tholeiitic to chloritic basalts intruded by felsic porphyries and dolerite/gabbro.

The regolith is well developed over the area, increasing towards the north to depths of over 100m. Higher gold grades within the regolith are located along the upper/lower saprolite interface which is likely due to supergene enrichment. Primary gold mineralisation occurs in stacked parallel lenses that dip west and plunge moderately north.

Mineralisation is associated with highly sheared silica-sericite-carbonate altered basalts with pyrite and chalcopyrite. A single 560m diamond hole was completed at Mt Fisher during July. The drillhole was targeting a strong electromagnetic conductor down plunge of the high-grade historical Mt Fisher Gold Mine.

The Mt Fisher gold deposit is hosted within a sulphide facies chert (Mt Fisher Chert) bounded by a strongly foliated chloritic ultramafic schist hanging wall and a basaltic footwall. The sequence strikes north-northeast and dips to the east at approximately -50°. Gold mineralisation occurs in association with massive and disseminated sulphides, mainly pyrrhotite, with lesser pyrite.

The target chert horizon was intersected from 499.32m to 520m. This zone exhibited significant concentrations of pyrite (10%) and pyrrhotite (5%), with trace arsenopyrite and chalcopyrite identified. Thin bands of magnetite, interbedded black shale and later stage quartz carbonate veins were common throughout the chert.

Despite encouraging geology seen in the target horizon, which is like that of the Mt Fisher mine, no significant gold mineralisation was present. The abundance of conductive material intersected (pyrrhotite and black shale) adequately explains the source of the conductive EM response.