Rox Resources Limited in conjunction with its joint venture partner Venus Metals Corporation reported initial drilling results from the substantial reverse circulation (RC) and diamond drilling (DD) programs at the Youanmi Gold Project. Exploration drilling has initially targeted the exciting, high-grade `Midway' discovery made by the OYG JV in 2021. This high-grade, multi-lode system is located just 300m from the hanging-wall of the Youanmi Main Lode and presents an excellent near mine exploration target which is open in all directions.

The exceptional drilling results, coupled with the detailed structural information, will provide valuable information to expand the emerging discovery. 4,726 RC meters and 1,708 diamond meters have been completed to date from the planned 16,000 metre RC and 7,000 metre DD drill programs. Drilling is ongoing and is expected to be completed in April. Midway Exploration Drilling: Gold mineralisation at Midway is shear-zone hosted within highly altered tholeiitic and komatiitic basaltic rocks.

The alteration assemblage consists of sericite, quartz, carbonate, and biotite. Gold occurs in association with pyrite and lesser arsenopyrite. The results to date define at least two gold lodes striking WNW and dipping towards the SW.

Structural analysis of the mineralised zone (shear fabric and stretching mineral lineation) indicates that the lodes are dipping steeply towards the southwest and show a high-grade component plunging at 50 degrees to the WNW. The orientation of the new lodes is different to previously identified lodes at Youanmi which strike NW to NNW. This new orientation of mineralised structures is apparent in high resolution drone magnetic imagery and has generated several new exploration targets which will be tested by RC and DD drilling.

So far the multi-lode structure has been intersected over approximately 100m strike and 300m down plunge. Exceptional drill intersection results received from the first two of five planned drill holes at Midway: 2.86m @ 22.03 g/t Au from 356.39m in RXDD047 and; 3.73m @ 10.25 g/t Au from 405.80m in RXDD047 - 6.76m @ 15.40 g/t Au from 169.13m in RXDD048. These results from the first two drill holes confirm the discovery of the Midway Lode with exceptional gold grades.

This potential linking cross structure is developing as a higher-grade lode as compared to the existing NW to NNW Youanmi lodes. The extent of this new mineralised structure is at its infancy with huge potential along strike, and at depth. The Company looks forward to providing further drilling results from the current drill program in due course.