DiscovEx lights up target in Pilbara gold hunt

DiscovEx Resources has lit up a geophysical target on a freshly granted patch of dirt along strike from Capricorn Metals’ 2.2-million-ounce Karlawinda gold project in WA’s Pilbara goldfields.

Complementing the company’s extensive land package at its Sylvania project near Newman, the company has wasted no time in getting boots-on-ground to complete a ground gravity geophysical survey in its hunt for gold and base metals.

The new tenement straddles the southern margin of the Sylvania Inlier and is located along the same trend as the Deadman’s Hill greenstone belt only five kilometres to the east.

Capricorn’s multi-million ounce Karlawinda gold deposit, located just over 55kms west of the tenure, is hosted in a similar greenstone belt which forms along the contact of the Sylvania Inlier and sediments of the overlying Bangemall Basin.

A historic aeromagnetic geophysical survey identified a curious anomaly along the same trend, suggesting a prospective greenstone belt along the contact of the Sylvania Inlier lies hidden below transported alluvial sediments.

DiscovEx completed the gravity survey on a 250m grid over the 2.5km long by 2km wide magnetic anomaly.

According to the company, the results have confirmed the boundary of the Sylvanier Inlier contact and generated a gravity high coincident with a magnetic anomaly.

The company says its findings confirm the presence of a buried Archean greenstone belt and presents a high-priority target for upcoming drilling.

DiscovEx Managing Director Toby Wellman says: “The Company is extremely excited to get access to this ground with exploration efforts having been rolled out immediately and new targets identified. The Company will continue its systematic exploration approach within this newly granted tenement in an effort to generate additional large-scale targets within the emerging Sylvania Project.”

Further afield at the Sylvania project, the company completed a rock chip sampling program at its Contact prospect to test a ‘fuchsite’ altered shear zone. A total of 37 surface samples were collected along the 2.5km shear trend.

Anomalous gold was detected along the length of the mapped shear, peaking at 130 parts per billion gold. Coincident elevated pathfinder elements, namely silver and antinomy, were also noted along the trend.

Interestingly, the mapped structure splays off the regionally significant Nanjilgardy Fault which hosts Kalamazoo’s 1.6 million ounce Mt Olympus gold project.

The explorer’s new priority geophysical and geochemical targets at its Sylvania project are slated for an upcoming drilling probe following heritage clearance and relevant approvals.

Notably, the project also hosts a resource of 2.98 million tonnes at 4.94 per cent zinc, 1.59 per cent lead and 15 grams per tonne silver. A recent run on commodity prices has seen zinc trading at a 12-month high of US$3,486 per tonne.

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