Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: DevEx Resources Ltd.
Project name: Junee
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 5.9g/t Au from 4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: DevEx Resources Limited (ASX: DEV, “DevEx” or “the Company”) is pleased to advise that it is beginning to receive initial assay results from its ongoing multi-pronged drilling campaign at the Nangus Road Prospect, within its 100%-owned Junee Copper-Gold Project in NSW. Results received to date are from part of a much larger drill programme comprising a combination of diamond, Reverse Circulation (RC) and air-core (AC) designed to test the large, 2km-long goldcopper (Au-Cu) bedrock anomaly defined by last year’s wide-spaced AC drilling (see ASX Announcement 26th July 2021). Early indications from the drilling indicate the presence of a north-south oriented Au-Cu zone, with initial Au intercepts including 4m @ 5.9g/t Au from 4m (22JNAC013), 3m @ 1.2g/t Au from 28m (22JNAC041 open at bottom-of-hole) from AC drilling and 6m @ 1.2g/t Au from 188m (22JNRC001) from the one RC hole received to date – see Figure 1 and Table 1. Gold intercepts and associated anomalous Cu (see Figure 1 and Table 2), lie within a broad hydrothermal alteration zone with early indications suggesting that the mineralisation is associated with a porphyry Cu-Au system.
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