JOHANNESBURG (miningweekly.com) – Perth-based Rox Resources is seeking offers for the potential acquisition of its interest in the Bonya copper project, located in the highly prospective Bonya Metamorphics in the eastern Arunta region, Northern Territory.
Rox is seeking to divest its interest in the project to focus on its nickel projects located in Western Australia. The company holds a 51% project interest and has elected to earn up to 70% by spending a further $1-million by December 2017.
The project covers an area of 310 km2 and demonstrates the potential to host economically significant deposits of high-grade copper. Recent drilling has returned results of 4.4% copper at 38 m; 5.4% copper at 13 m and 13.4% at 3 m.
The project is also situated immediately to the west of KGL Resources’ Jervois project, which contains an estimated 30.5-million tonnes at 1.1% copper and 23 g/t gold.