Rox Resources opened 7% higher today following yesterday's 25% rise, after releasing sensational 8% Ni grades at its Fisher East project
Rox Resources opened 7% higher today following yesterday's 25% rise, after releasing sensational 8% Ni grades at its Fisher East project. Junior Rox is one of our favoured nickel exposures and it's continuing with its RC drilling program that saw it release high-grade results yesterday that comprised: MFEC071: 4 metres @ 8.4% Ni from 178 metres down-hole (including 2 metres @ 14.7% Ni); and MFEC072: 5 metres @ 8.4% Ni from 205 metres down-hole (including 3 metres @ 12.1% Ni and 1 metre @ 20.7% Ni from 206 metres down-hole). These results will almost certainly contribute to a sizeable JORC resource upgrade during H2 2014.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).