- DevEx Resources (DEV) outlines an extensive zone of shallow gold mineralisation at the Nangus Road prospect, within its Junee project in New South Wales
- The company reported the assays from its aircore drilling campaign that it says continues to define the presence of a coherent north-south oriented gold zone
- Results from drilling included one metre at 4.9 grams of gold per tonne (g/t) from 42 metres, displaying a north-south trend
- The company is now planning follow-up reverse circulation and diamond drilling to evaluate the prospect’s full potential at depth
- DevEx Resources last traded at 34 cents on August 5
DevEx Resources (DEV) has outlined an extensive zone of shallow gold mineralisation at the Nangus Road prospect within the Junee project in New South Wales.
The company reported the assays from a recent aircore drilling campaign completed in the area.
DevEx said reconnaissance aircore intercepts had continued to define the presence of a coherent north-south oriented gold zone, which extended for over one kilometre.
Results from this drilling included one metre at 4.9 grams of gold per tonne (g/t) from 42 metres and three metres at 1.3 g/t gold from four metres.
This follows on from previous intercepts returned last month of four metres at 2.5 g/t gold from 28 metres, including one metre at 6.3 g/t gold at the bottom of the hole.
DevEx said the shallow gold zone lay within a broad 200-metre-wide zone of strongly altered and sheared andesite volcanic rocks. The intercepts displayed a coherent north-south trend, which remains open along strike and at depth.
DevEx Managing Director Brendan Bradley said with the remaining results from Nangus Road in hand, the company was now planning its next drilling campaign.
“Given that deeper reverse circulation and diamond drilling to date has only tested Nangus Road on two east-west traverses 400 metres apart, the wider potential for a large-scale porphyry copper-gold system remains poorly tested, especially to the south and at depth,” Mr Bradley said.
“The next program will therefore be designed to better understand this potential.”
The company is planning follow-up reverse circulation and diamond drilling to evaluate the prospect’s full potential at depth.
DevEx Resources last traded at 34 cents on August 5.