Rox Resources finds up to 32.9% copper in rock chip sampling at Bonya Tuesday, December 11, 2012

Rox Resources’ (ASX: RXL) recent rock chip exploration at the Bonya copper project in the Northern Territory is unveiling the extensive, high grade nature of the deposit with copper grades of up to 32.9% and new and existing prospects located over 20 kilometres of strike.

This is testament to managing director Ian Mulholland’s decision to farm into the copper prospective project that is already drawing comparisons to Kentor Gold’s (ASX: KGL) 13.5 million tonne at 1.3% copper Jervois Project located adjacent to Bonya.

Samples of outcropping oxide (malachite, azurite) and sulphide (chalcocite) copper mineralisation have been collected from numerous old workings within the western tenement area, with rock chip assays of up to 32.9% copper, 54.8 grams per tonne (g/t) silver and 0.64g/t gold.

Ian Mulholland, managing director, commented: “We are excited by these new finds of outcropping oxide copper mineralisation because they demonstrate the outstanding prospectivity of the tenements over an extensive area.

http://www.proactiveinvestors.com.au/companies/news/37170/rox-resources-finds-up-to-329-copper-in-rock-chip-sampling-at-bonya--37170.html