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DiscovEx Resources (ASX:DCX) - Managing Director, Brad Drabsch - The Market Herald
Managing Director, Brad Drabsch
Source: 121 Mining Investment TV
  • DiscovEx Resources (DCX) has confirmed the presence of high-grade rock chips at the Hawthorn Prospect
  • The Hawthorn Prospect was found in the mid-1990s through a regional soil sampling survey
  • Not long after, a rotary air blast (RAB) program was undertaken but it did not reach the ideal depths to adequately test for the source of the mineralisation
  • As a result, reverse circulation drilling was completed and found gold grades peaking at 0.36 grammes per tonne
  • No further work was followed until February 2019, where up to 9.7 grammes per tonne gold was intersected
  • After reviewing the historic data and confirming the presence of high-grade rock chips, DiscovEx will be undertaking RC drilling once it has finished at the Edjudina Project
  • DiscovEx has ended the day a steady 12.5 per cent in the green with shares trading for 0.9 cents each

DiscovEx Resources (DCX) has confirmed the presence of high-grade rock chips at the Hawthorn Prospect.

The Hawthorn Prospect, which was previously known as anomaly B, lies 2.6 kilometres south of the Newington Mining Centre and it was identified in the mid-1990s via a regional soil sampling survey.

Once identified, a rotary air blast (RAB) program was undertaken but it did not reach the ideal depths to adequately test for the source of the mineralisation.

Therefore, the RAB program was ineffective and as a result of this, a three-hole reverse circulation (RC) program was completed with results peaking at 0.36g/t gold.

No further work was carried out until February 2019 where results of 9.7g/t gold, 8.6g/t gold, and 4g/t gold were returned.

After reviewing historic data and confirming the presence of high-grade rock chips, DiscovEx will be undertaking RC drilling once it has finished at the Edjudina Project.

This RC drilling is planned to test beneath the quartz veining and the banded iron formation at Hawthorn.

"Boots on the ground is how discoveries are made and the DCX approach to this has yielded some very high quality targets," Managing Director Brad Drabsch said.

"Genuinely prospective gold projects are hard to come by and with DCX's pipeline of high-value targets and a professional, systematic approach to exploration, we hope to unlock the next major discovery for WA," he added.

DiscovEx has ended the day a steady 12.5 per cent in the green with shares trading for 0.9 cents each in a $9.569 million market cap.


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