ASX-listed DiscovEx Resources is onto some early signs of gold at its Sylvania project, 13 kilometres from Newman in WA after 90 per cent of assays returned from its phase two infill sampling program revealed several “kilometre-scale” gold anomalies with peak results of up to 0.5 grams per tonne. The company says the anomalies are coincident with favourable geology and it is now gearing up to complete additional infill and regional sampling.
The latest program follows DiscovEx’s initial exploration campaign, where regional soil sampling unearthed numerous priority anomalies.
The company says results from the phase two infill sampling program at the Sylvania project have confirmed the continuity and scale of the anomalies initially found in the phase one sampling campaign.
DiscovEx says its latest round of infill sampling will help to produce a more robust suite of prospective drill targets.
Interestingly, the Sylvania project is adjacent to Capricorn Metals 2.1-million-ounce Karlawinda gold project.
DiscovEx Managing Director, Toby Wellman, said:“The identification of multiple large-scale gold anomalies is genuinely exciting, particularly when they relate spatially to underlying Archaen greenstones and regional structure. All the ingredients are there for a discovery – the right rocks, with the right structure, together with significant surface gold anomalism. “
DiscovEx’s fleet of gold-focused exploration projects all share seats on the bustling Pilbara gold train that is being driven at speed by De Grey Mining’s revered Hemi gold discovery.
De Grey recently announced an eye-watering maiden inferred and indicated resource estimate at its Mallina project that takes in Hemi of over 190 million tonnes with an average grade of 1.1 g/t for about 6.8 million ounces of contained gold, using a 0.3 g/t cut-off.
Outside of DiscovEx’s rapidly progressing 2,250 square -kilometre Sylvania gold and base metal project, the company is continuing exploration at its Edjudina project near Laverton and the Newington project, about 100 kms north of Southern Cross in WA.
DiscovEx says the Edjudina gold project has “massive” potential with over 70km of underexplored and highly prospective rocks along strike, limited historical exploration all combining to give it a walk up start when exploring.
Geophysical surveys at Edjudina were completed in January and regional sampling is ongoing.
Elsewhere at Newington, the company says there is potential to build a high-grade, near term exploitable resource after soil sampling identified eight high-priority gold targets.
With a number of kilometre-scale gold anomalies on its hands at Sylvania, DiscovEx has plenty to go on with as it looks to set its drill targets – the 0.5 gram per tonne soil sample will likely be a good place to start.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Matt Birney
