Rox Resources Ltd. (RXRS.PK) explores for copper, zinc, gold and other valuable metals. The company also acquires mining properties in Canada, with its principal mine being the Fox Mine in the Canadian province of Manitoba.
The Fox Mine covers an area of 8.2 square miles (2,110 hectares) with an abundant amount of copper and zinc deposits in past extractions. The Company believes that the Fox Mine contains five million tons of copper and/or zinc ore and 10 million tons of extractable copper and zinc ore. The untapped mineral deposits in the mine are estimated to exceed $6 million.
The copper, zinc, and other precious metals demand has been increasing around the world. Although the demand has risen and is continuing rise, the availability is still at low levels. The world gold demand alone rose from 3,188 tons in 2003 to 3,729 tons in 2005.
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