DiscovEx Resources Limited announced initial results from drilling activities at the Spartan Prospect, part of an 80:20 joint venture with Gateway Mining Limited. First pass aircore drilling was targeted on the previously generated 1.3km long +50ppb surface gold anomaly with a peak value of 0.54g/t Au. Drilling was undertaken to determine the potential for gold mineralisation within insitu, weathered basement rocks and to determine the extent and distribution of gold within the overlying transported cover.

Initial assays have been received from the first 37 holes of the ongoing drill program with an additional 104 holes completed thus far for which assay results are yet to be received. The results returned to date have identified gold mineralisation across multiple horizons, the first being within carbonate rich sandy soils at surface (0-8m), repeating the original surface geochemical anomaly. Elevated gold results have also been returned from a shallow, quartz gravel (+silcrete) paleochannel at or close to the base of transported material (approximately 32-40m) and more significantly, anomalous gold (and copper) values have also been intersected within in-situ bedrock material beneath the paleochannel gold results.

These initial positive gold (and copper) results returned from the insitu bedrock beneath and adjacent to an extensive transported gold accumulation is extremely encouraging. This large-scale greenfields target has been generated in an area of no previous exploration and the extent and tenor of gold anomalism at Spartan confirms it as a high potential target. In addition to the drilling at Spartan, infill soil sampling has been competed at the Falcon Prospect, located 5km east of Spartan, with results confirming a 3km long trend of surface gold peaking at 98ppb Au (0.098g/t Au) as well as defining a new area of anomalous gold at surface, known as the Hercules Au (0.098g/t Au) as well as defining a new area of anomalous gold at surface, known as the Hercules approximately 250km north-east of Kalgoorlie, WA.

A first pass aircore drilling program is ongoing with 141 holes completed to date at the Spartan Prospect. Drilling aims to test insitu bedrock beneath and adjacent to the footprint of a high priority surface gold anomaly, generated through systematic soil sampling. The drilling also aims to test the extent and distribution of gold within the transported cover sequence and also targets a number of geophysical features defined in various datasets.

Completed holes were drilled on 200 x 50m and 200 x 100m centres, with drilling focussed on penetrating the transported cover sequence to obtain samples of the weathered bedrock. Samples from the entire hole were assayed for gold with anomalous results intersected at the surface (0-8m), base of transported interface (28-40m) as well as within weathered and fresh bedrock. End of hole samples of predominantly fresh bedrock were also collected and assayed for a broader suite of elements, with anomalous copper results also returned from the bottom of some holes.

Intersected geology consisted of transported cover sequence to depths of between 10-40m. This cover sequence is aeolian sand +/- carbonate at surface overlying a fine to coarse grained sand, often with a basal layer of quartz-rich gravels. Several bands of silcrete were intersected throughout the transported profile with the thickest horizon (between 1 and 5 metres thick) generally being intersected coincident with the gravel layer.

A digital elevation model has been generated based on the depth of the transported cover which suggests drainage is being sourced from the north-east, where additional drilling has now been undertaken (results pending). Beneath the transported interface, variably weathered tonalite and minor amphibolite was intersected with increased weathering development coincident with zones of increased strain (i.e. lithological contacts and shear zones). Several intersections of amphibolite showed evidence of strong chlorite alteration and minor sulphide (pyrite +/- chalcopyrite), in particular drillhole SPAC012 which returned 1m@0.12% Cu at the end of hole.

The north-south orientation of the multiple shear zones intersected is interpreted based on geophysics, with the geological trend interpreted as being north-west. The key intersection of the main structures with the amphibolite unit has now been tested with multiple holes with results pending. Distribution of gold in calcareous soils at surface appears to correlate very well with the deeper paleochannel mineralisation, with interpreted gold redistribution vertically to surface by chemical remobilisation within the transported material.

Further work is being undertaken to determine the potential transport mechanism of gold within the deeper interpreted palaeochannel position. The presence of anomalous gold (and copper) within insitu basement rocks beneath and immediately adjacent to the palaeochannel gold is very encouraging and suggests potential for a local primary source for this significant accumulation of secondary gold mineralisation. The implications this has on the regional exploration efforts going forward is significant as it has validated the effectiveness of surface sampling in the area as a means for defining bedrock targets.

The Company will continue to use this methodology to define additional targets within its large land position at Edjudina. Additional surface geochemical sampling was completed at the Falcon Prospect, located approximately 5km east of the Spartan Prospect. The sampling was completed to infill previous 200 x 400m spaced samples.

Results have confirmed the scale of the original anomaly (approximately 3km) and upgraded the tenor, with best results returned of 98ppb Au, 95ppb Au and 51ppb Au, proximal to a previously returned sample of 48ppb Au. A new anomaly was also generated approximately 2km to the east of Falcon, peaking at 76ppb Au. This anomaly, known as the Hercules Prospect remains open to the north and will be the subject of an additional soil sampling campaign once E39/2334 has been granted.