Rox jumps on maiden Mt Fisher resource

Rox Resources shares have spiked 12 per cent after the company unveiled a maiden JORC-compliant gold resource at its Mt Fisher gold project in the northern Goldfields.

The company today unveiled a gold resource of 86,080 ounces at Mt Fisher, comprising 22,712oz measured, 18,458oz indicated and 44,821oz inferred.

Rox managing director Ian Mulholland said the company was confident further value wud be added through follow-up drilling later this year.

Geophysical surveys carried out at Mt Fisher in 2011 identified numerous highly prospective gold targets which we will test this year.”

"This is a major milestone for Rox Resources. We anticipate further milestones will be achieved over the next 12 months as we continue to define the resource, conduct pit optimisation and metallurgical test work.

At 9:22AM WST Rox stocks were trading at 2.8 cents.