Announcement Date: 2022-10-24
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: DiscovEx Resources Ltd.
Project name: Edjudina
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 8m at 0.22g/t Au from 80m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: DiscovEx Resources Limited (ASX: DCX, DiscovEx or the Company) is pleased to announce initial results from drilling activities at the Spartan Prospect, part of an 80:20 joint venture with Gateway Mining Limited (ASX:GML). First pass aircore drilling was targeted on the previously generated 1.3km long +50ppb surface gold anomaly with a peak value of 0.54g/t Au Drilling was undertaken to determine the potential for gold mineralisation within insitu, weathered basement rocks and to determine the extent and distribution of gold within the overlying transported cover. Initial assays have been received from the first 37 holes of the ongoing drill program with an additional 104 holes completed thus far for which assay results are yet to be received. The results returned to date have identified gold mineralisation across multiple horizons, the first being within carbonate rich sandy soils at surface (0-8m), repeating the original surface geochemical anomaly. Elevated gold results have also been returned from a shallow, quartz gravel (+silcrete) paleochannel at or close to the base of transported material
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