LYNN LAKE, MANITOBA - Nov 7, 2007 - Rox Resources Ltd. (Other OTC:RXRS.PK) ("Rox" or the "Company") is pleased to announce the Acquisition of the Fox Mine, a past producing Copper-Zinc mine, located 44 kilometers southwest of the town of Lynn Lake, Manitoba, Canada.
Rox Resources Ltd. has acquired a 100% undivided interest in the Fox Mine property which consists of 9 claims and is approximately 2,110 hectares in size.
The Fox Mine property is contained within the south limb of the Aphebian age Lynn Lake greenstone belt and is regionally metamorphosed to amphibolite facies. The Fox ore body is a volcanogenic massive sulphide deposit, and is comprised of two discrete lenses-each within its own stockwork zone. The ore lenses show conventional metal zonation with zinc sulphides lying stratigraphically above copper sylphides. Proximity to ore is indicated by pronounced geochemical enrichment and depletion trends. Little drilling has ever been done at depth and represents potential.
Sherritt Gordon Mines Limited first discovered The Fox ore-body in 1961. Tonnage milled to closure in 1986 approximated 11,936,479 tonnes of 1.82% Cu and 1.78% Zn plus "specialty metals" which included gold and silver.
Sherritt Gordon Mines exploration work, occurred between 1961 and 1985. During this period Sherritt conducted Diamond drilling from surface in over 100 different locations, and over 2200 underground locations. Although the mineralized zones from surface were closed off at depth, only one (1) Diamond drill hole reached a depth of about 1465 meters below surface. Rox believes that further exploration work will indicate a " secondary" deposit.
Rox Resources Ltd. is further pleased to announce that the Company is now in possession of the; data, maps and core that Sherritt Gordon Mines compiled between 1961 through to 1986.
In a future release, Rox Resources will outline the Company's plan for data compilation, leading towards the Company's NI 43-101 and Diamond drilling program at the camp. To get more detail on the size and proximity to other land holders in the area visit http://www.roxresources.com/roxclaims.htm.
Rox Resources Ltd. is focused primarily on acquiring, exploring and developing base metal properties in the mining friendly Province of Manitoba. Rox Resources is committed to acquiring a significant project portfolio.
Rox Resources Ltd. (Other OTC:RXRS.PK - News) has been rated a "Speculative Buy" with a price target of $0.20 by Beacon Equity Research Analyst, Lisa Springer, CFA. The full report is available at http://www.beaconequityresearch.com.
Statements contained in this news release, aside from those identifying historical facts, are 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
Contacts:
Rox Resources Ltd.
D. Mark Appleby
President and CEO
(416) 804-0280
Email: info@roxresources.com
