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Rox rolling with
Hawke’s Point

Rox Resources Ltd has entered a binding
subscription agreement with Hawke’s Point
(RRL) L.P. for the private equity fund to sub-
scribe for $11 million in shares in Rox, plus
one free attaching option in Rox for every
two shares subscribed for.
Hawke’s Point’s interest in Rox will be at
13% upon completion of the deal.
Hawke’s Point interest comes as Rox
looks to bring the Youanmi gold project into
production.
The investment from Hawke’s Point sup-
ports Rox’s exploration and development
plans over the coming 18 months, with ad-
ditional drilling in near-mine and resource Bellevue managing director Steve Parsons (centre)
extension areas, such as the Link and 3.5m @ 12.1 g/t from 459.9m. aga East, 4km south and 2km east from
Junction zones, on the cards. “These latest results, with grades of more the main Tchaga prospect, respectively,
Meanwhile, a review of existing mineral than 20 g/t, show that Marceline is a sig- have been received by Mako Gold Ltd.
resource assets within the project area as nificant discovery in its own right,” Bellevue Assays received for 30 of 53 holes from
part of a transition to mining will be under- managing director Steve Parsons said. Gogbala, Cote d’Ivoire, indicate a similar
taken by Rox, with work including metal- “But given the scope to leverage the style of mineralisation as observed at the
lurgical, hydrogeological, geotechnical and planned and existing infrastructure at Belle- main Tchaga prospect, with significant
environmental studies to underpin an up- vue, Marceline has the potential to contrib- intersections at Gogbala including 6m @
dated and optimised development plan. ute to the production profile and mine life 4.97 g/t gold from 68m (including 1m @
estimates in the Stage Two feasibility study. 12.3 g/t from 71m), 3m @ 6.4 g/t from
Bellevue on another “One of the main benefits is that $10 58m (including 2m @ 9.32 g/t from 58m),
beauty at Marceline million of capital has already been costed 1m @ 8.78 g/t from 13m, 6m @ 2 g/t from
87m, 4m @ 2.63 g/t from 11m.
in the Stage 1 study and any additional
After announcing Stage 1 feasibility study ounces coming into the mine plan from the Assays from another 20 wide-spaced
results at its namesake project, Bellevue Marceline Lode are expected to benefit shallow holes from Gogbala were pend-
Gold Ltd has given a glimpse of what Stage from a lower level of capital intensity. Our ing at the time of print, with further fol-
2 may look like. view of Marceline’s potential is shown by low-up drilling planned after full analysis
Marceline will underpin the Stage 2 ongoing step-out and infill drilling.” of assays.
feasibility study, with mineralisation at the The Stage 1 feasibility study at Bellevue Meanwhile, regional drilling at Tchaga
discovery hosted in multiple shear zones indicated a 750,000 tpa mining and pro- East intersected gold in 12 of the 16
characterised by abundant visible gold, cessing operation producing 160,000 ozpa holes, including 1m @ 14.59 g/t gold.
Bellevue reported. gold (years 1-5) and life-of-mine average of Two drill rigs remain operational at
Significant results from recent drilling 151,000 ozpa over 7.4 years. Napié focused on extensional and infill
included, 4.8m @ 20.1 g/t gold, (including maiden resource drilling at the Tchaga
0.9m @ 102.7 g/t from 489.4m), 2.1m @ Mako keeps the drilling prospect, with an extensive maiden
45.5 g/t from 503.4m, 4.2m @ 21 g/t from soil sampling programme is ongoing at
459m, 4m @ 16.7 g/t from 455.7m, 4.9m @ apace in Cote d’Ivoire Mako’s Korhogo project, also in Cote
13 g/t from 462.1m, 1.2m @ 45.1 g/t from Initial assays from the reconnaissance d’Ivoire.
479.4m, 8.2m @ 6 g/t from 379.8m and
RC drilling programme at Gogbala and Tch-

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