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Rox Resources enters deal to acquire two mining leases at Youanmi

Proactive Investors Monday, 15 April 2019
Rox Resources Ltd (ASX:RXL) has entered a purchase agreement to acquire jointly with Venus Metals Limited (ASX:VMC) a combined 90% interest in ML 57/641 and ML 57/642. Notably, ML 57/641, known as the Currans Find Gold Prospect historically produced high-grade gold grading 13 g/t. Both Rox and Venus will pay shares and cash for the purchase, Rox will pay $75,000 and issue 7.5 million shares at an issue price of 1 cent. Completion is subject to mineral title transfer and other conditions typical of transactions of this nature. READ: Rox Resources and Venus Metals join forces to acquire Youanmi Gold Mine The purchase of Currans Find follows a recent move by Rox that saw it enter three joint ventures with Venus Metals focused on the Youanmi Gold Mine and surrounding area. The three joint ventures - the OYG Joint Venture, VMC Joint Venture, and Youanmi Joint Venture can be seen on the map below relative to the two mining leases. The purchase agreement has been entered into with Mr Doug Taylor and Murchison Earthmoving & Rehabilitation Pty Ltd.
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