Enegex (ASX: $ENX) reports anomalous gold results at Three Springs project

Enegex (ASX: $ENX) has reported anomalous gold results from a first pass soil sampling program at the newly granted Three Springs Project in Western Australia. The program targeted under-explored magnetic trends interpreted as folded greenstone, returning anomalous gold results in several locations, including at the end of lines, with results up to 8.3ppb sitting well above the regional anomalous threshold (~4ppb Au). The company plans to carry out further first-pass and follow-up sampling, subject to farm activity and the conclusion of access agreements.

Enegex's strategy and exploration plans

The results and planned activity are consistent with Enegex's strategy to bring forward the Company's gold and copper targets in the West Yilgarn metals province of Western Australia and identify new opportunities to build shareholder value.

Outlook and future plans

Enegex's anomalous gold results at the Three Springs Project indicate potential for further exploration and development. The company plans to complete further first-pass and follow-up sampling after cropping and the conclusion of access agreements. Negotiations for land access to follow up the past open anomalous results of up to 151ppb gold are ongoing. Additionally, Enegex is reviewing options for a high-resolution UAV magnetic survey at the Rocky Ridge gold prospect to refine and identify additional exploration and drilling targets. The company looks forward to continuing exploration at the Rocky Ridge gold prospect and aims to bring forward its gold and copper targets in the region, aligning with its strategy to build shareholder value.