LYNN LAKE, MANITOBA --Nov 11, 2008 -- Rox Resources Ltd. (Rox, or the Company) today announced that the Company has initiated Phase 1 of a multi-phased program to undertake the development of their Fox Mine property located in Lynn Lake, Manitoba. The Phase 1 program will consist of a deep penetrating TEM and Mag/VLF survey to be undertaken immediately adjacent and west of the existing mine site, see www.roxresources.com/images/foxmine_... , and will consist of 15 line kilometers. This area is thought to host the inferred extension of the Wasekwan formation. The Wasekwan formation is host to the former Fox mine, a Cu-Zn producer which historically produced 11.9 million tonnes @1.82% Cu and 1.78% Zn.
Previous operators have stated that the Fox mine ore body appears to increase in grade and width with depth. Additionally, the most current information suggests the possibility of multiple stacked en-echelon sulphide horizons. Rox Resources geologists feel that advances in TEM technology will provide information below the data obtained by previous operators. The historic drill data outside of the mine area addressed shallow (less than 200 meters deep) geophysical targets. Considering current exploration models and the increased depth of penetration of the upcoming TEM program, it is felt that significant sulphide mineralization could be encountered below the current depth of exploration.
Phase 2 of the program will consist of drilling targets delineated by the above survey and to commence compilation of the available mine and exploration data.
Rox Resources Ltd. is a Nevada based junior mining company, whose corporate mission is to acquire land claims with superior exploration potential. Rox Resources Ltd. currently owns a 100% interest in the Fox Mine, located south-west of the town of Lynn Lake, Manitoba.
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-thinking 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
(416) 804-0280
Email: info@roxresources.com
Website: http://www.agoracom.com/ir.rox
