FXR - Fox Resources

[springhill]

SIGNIFICANT HIGH GRADE COPPER MINERALISATION CONFIRMED AT AYSHIA PROJECT

Drillhole 12AYDD108 intersected:
-35.7m @ 1.66% Cu, 0.76% Zn, 4.19 g/t Ag and 0.12 g/t Au from 206.5m down hole,
including:
o 5.7m @ 2.37% Cu, 0.87% Zn, 5.47 g/t Ag and 0.27 g/t Au from 210m down hole, and
o 19.7m @ 2.16% Cu, 0.14% Zn, 5.73 g/t Ag and 0.11 g/t Au from 222.5m down hole.

Drillhole 12AYDD109 intersected:
- 17m at 2.86% Cu, 0.36% Zn, 8.06 g/t Ag and 0.17 g/t Au from 243m down hole,
including:
o 9.27m @ 4.01% Cu, 0.52% Zn, 11.35 g/t Ag and 0.19 g/t Au from 243.63m down hole, and
o 1.25m @ 7.31 % Cu, 0.50% Zn,19.81 g/t Ag and 0.21 g/t Au from 256.35m down hole.

 

[springhill]

HIGH GRADE RESULTS - MT OSCAR IRON ORE PROJECT


• Mineralised intersections up to 136m wide
• Fe DTR grade ranges 57.2 - 65.6% Fe
• Fe Head grade ranges 29 - 36.5% Fe
• DTR Recoveries range 10.8 - 50.3%
• Results received from all 10 RC drill holes completed at Mt Oscar
• Results extend strike length of defined mineralisation
• Updated mineral resource calculation to commence in late August
• Upcoming field preparation for drilling of untested magnetic anomalies

Mt Oscar is located 25km south of the port of Cape Lambert in the magnetite-rich West Pilbara region of Western Australia. The project has an initial inferred resource of 72Mt grading 34% Fe.