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DiscovEx Resources (ASX:DCX) gets impressive re-split results from Dawsons

Mining
ASX:DCX      MCAP $6.605M
20 May 2021 02:00 (AEST)
DiscovEX Resources (ASX:DCX) - Managing Director, Bradley Drabsch

Source: 121 Mining Investment TV

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.

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