DiscovEx Resources Limited provided an update on activities from the Sylvania Project, located approximately 15km south of Newman in Western Australia, including the receipt of all aircore results from the recently completed phase one aircore drill program. A total of 109 holes for 6,060m were completed with drilling conducted at an initial 5 prospect areas previously defined by a multi-staged soil geochemistry program. This work program represents the first ever drilling completed in the area, specific for gold and base metals with historical drilling targeting iron ore potential.

The results returned from this first round of drilling provide valuable information that will be used to refine the geological and structural understanding within the Sylvania Project tenements, and to further progress additional prospects to a drill ready stage. Significant gold results include 4m@76ppb Au (SYAC005) and 4m@68ppb Au (SYAC040). The results have highlighted a number of key structures which may potentially influence gold deposition within the Archaean basement and Fortescue-age rocks.

Drilling also provided much needed and very useful information with respect to the complex regolith regime in the Northern Sylvania Dome. This information has enabled Discovex to prioritise a number of recently generated geochemical targets, including the high priority Contact prospect, for future drilling programs once the relevant heritage and statutory approvals can be obtained. Interestingly a number of significant base metal intersections were returned including 1m@0.15% Ni and 0.03% Co (SYAC067) and 4m@0.11% Ni (SYAC064) from a previously unrecognised older Archaeanultramafic unit, and 4m@0.12% Cu (SYAC092) and 4m@0.26% Zn (SYAC091) from weathered chert and dolerite within the Fortescue sequence.

The significance of these results is yet to be determined, however provide promising targets to further assess the base metal potential of the greater Sylvania Project area. The execution of a Heritage Agreement over the Prairie Downs Resource and surrounding areas will allow exploration activities over these areas to ramp up in the coming months. Aircore Drilling: The initial phase of reconnaissance aircore drilling included 3,639m at the Peak Prospect, 201m at Dingo,806m at Carneys, 956m at Bondinis and 458m at Hilditch.

The work program was designed as a first-pass test of several geochemical anomalies, to gain a better understanding of the anomalous gold and base-metal distribution as it relates to geology, structure and regolith profile. In turn the program was also a test of the effectiveness of the drilling technique in areas of sporadic outcrop. The development of the weathered bedrock profile was variable and hence restricted the depth penetration of aircore drilling within certain prospect areas where there was limited regolith development, particularly at Hilditch and Dingo.

Drilling at the Peak Prospect, which was designed to test beneath a large 2.5km long +4ppb Au anomaly, replicated the surface anomaly however intersected a deeper than anticipated overburden channel with depths of up to ~100m. Lithological units intersected beneath this channel are associated with greenstones of the Sylvania Inlier and included felsic volcaniclastics, dolerites and granites. Shearing, minor alteration (inclusive of chlorite + pyrite) and quartz veining was intersected, returning anomalous gold (up to 76ppb Au) and copper (up to 354ppm Cu).

The intersected structures show visual and geochemical evidence of being part of a broader mineralised structural network, which is highly encouraging and highlights the potential of the area to host economic structural hosted gold mineralisation. Similar geochemical results were also returned form the Dingo Prospect, with a best intersection of 4m@68ppb Au from 4m (SYAC040). The anomalous result is hosted within a moderately sheared and chlorite altered east-west trending dolerite, with the shear orientation interpreted as being sub-parallel to north-west trending structures identified from surface mapping and geophysics.

These are likely related to those shear zones intersected in drilling at the Peak Prospect. The regolith profile within this part of the project is almost entirely stripped with drill penetration reaching depths of less than 10m. Due to the resultant lack of geochemical dispersion, and hence a limited geochemical footprint, structure and geological observation is key to unlocking the potential of prospect.