DiscovEX Resources (ASX:DCX) - Managing Director, Bradley Drabsch
Managing Director, Bradley Drabsch
Source: 121 Mining Investment TV
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • DiscovEx Resources (DCX) has received one-metre re-split results from reverse circulation drilling at the Dawsons prospect within the Newington Gold Project in WA
  • The latest batch of results include a highlight of two metres at 10g/t gold from 106 metres including one metre at 13.5g/t gold
  • Mineralisation at Dawsons now extends for over 60 metres of strike and remains open at depth
  • DiscovEx has identified multiple targets at Dawsons and a northern extension to the nearby Newfield Central mineralisation which will be followed up with drilling
  • Company shares are steady on the market to trade at 0.6 cents

DiscovEx Resources (DCX) has, once again, confirmed the high-grade gold mineralisation potential at the Dawsons prospect.

The Dawsons prospect is part of the WA-based Newington Gold Project which was subject to a 20-hole reverse circulation (RC) drilling program completed in December last year. This RC program tested beneath targets generated from a geochemical survey completed in mid-2020.

Assays from the four-metre composite samples were released in February and included four metres at 3.3g/t gold from 104 metres. Mineralisation remained open at depth.

This time, the company received results from one-metre re-split samples to upgrade the original assays and confirm high-grade gold at Dawsons.

Pleasingly, the latest batch of results include a highlight of two metres at 10g/t gold from 106 metres including one metre at 13.5g/t gold.

Mineralisation at Dawsons now extends for over 60 metres of strike and remains open at depth.

“Seeing double digit numbers in your assay file is always pleasing and highlights the huge potential of the Newington Project to host a significant high‐grade resource,” Managing Director Toby Wellman said.

The company also received results for re-split samples from the Hawthorn prospect. These include two metres at 2.5g/t gold, one metre at 1.4g/t gold and three metres at 1.1g/t gold. Mineralisation remains open along strike.

“Equally pleasing is the identification of additional look‐a‐like targets within a stone’s throw from Dawsons and Newfield Central,” Toby added.

DiscovEx has identified numerous targets at Dawsons for follow-up RC drilling, as well as the northern extension to the nearby Newfield Central mineralisation.

Company shares are steady on the market to trade at 0.6 cents at market close.

DCX by the numbers
More From The Market Online
Magnetite

Fe grades above 71% make Cyclone Metals bullish about Iron Bear pilot plant

Cyclone Metals, an iron ore developer which has built its business progressing Canadian magnetite play Iron…

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Augustus Minerals is reporting high grade copper rock chip results at Ti-Tree in WA based on…

Great Western targets DeGrussa twin through upcoming drilling work

Great Western Exploration Ltd (ASX: GTE) is gearing up for an intense exploration program at its Fairbairn copper project in Western Australia, where
Barton adds $3M to its piggy bank for SA exploration

Turaco impressed by gold extraction near 90% from Cote d’Ivoire play

Turaco Gold Ltd (ASX:TCG) has progressed to metwork which has pulled extraction rates of around 90…