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Enegex Limited (ASX:ENX)

ALERT: Price-sensitive ASX Announcement for ENX
Current share price for ENX : $0.215 0.203 (1,691.67%)+
Announcement
Release
15 Apr 2025 10:30AM
Price at Release
$0.012
Full Release
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Summary
Enegex Limited has announced the discovery of a significant gold anomaly at its Three Springs gold tenement in Western Australia following a recent soil sampling program. The soil geochemical results revealed an expansive area of over 1 km x 0.8 km with elevated gold levels, reaching up to 49 ppb Au, well above the regional background of less than 5 ppb Au. This discovery highlights the potential for further exploration as the anomaly remains open along strike, prompting the company to initiate follow-up sampling and geological mapping. Additionally, a new exploration license has been granted at Tampia West, supporting Enegex's ongoing exploration strategy across greenfield areas.
Key Points
  • Promising new gold anomaly identified in soil sampling at Enegex’s Three Springs gold tenement.
  • Area of >1km x 0.8km with significant soil geochemical results including values up to 49ppb Au.
  • Anomaly is open along strike; follow-up sampling and geological mapping will commence soon.
  • Sampling forms part of reconnaissance scale programs testing unexplored soil-covered greenstone and gneiss belts.
  • New Exploration Licence granted at Tampia West.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.