Octanex Limited announced new geochemical lag sampling results that continue to identify kilometric-scale clusters of low-level gold anomalism at its Sefton Gold Project in the Eastern Goldfields of Western Australia. Octanex's 2,585km2 Sefton Project is located in the Burtville Terrane (between the Kurnalpi and Yamarna Terranes) and covers an area that has previously had very little modern exploration. The Company considers this area highly prospective for the discovery of a major gold resource. Octanex's 2,585km2 Sefton Project is located in the Burtville Terrane (between the Kurnalpi and Yamarna Terranes) and covers an area that has previously had very little modern exploration. The Company considers this area highly prospective for the discovery of a major gold resource. The Eastern Goldfields is known for its gold endowment with substantial gold discoveries (including AngloGold Ashanti's Sunrise Dam mine, and Gold Field's Granny Smith mine) occurring in the same NNE-SSW trending greenstone belts. The Terranes to the east of Laverton have been underexplored for gold, with the majority of historical exploration concentrating on nickel in the 1960s and 1970s. The granitoid-hosted Gruyere deposit and granite-gneiss-hosted Tropicana deposit demonstrate the prospectivity of the far eastern terranes with additional potential for large gold deposits to still exist under cover The Sefton Project has limited outcrop, with the area dominated by broad expanses of transported aeolian sand planes and dunes with smaller islands of residual lateritic soils and granitic outcrop exposed around the base of dissected laterite breakaways forming low hill ranges. Octanex considers that the bedrock geology of its Sefton Project is likely to include more than the regionally mapped metamorphic granite-gneiss suites. It has the potential to also contain sheared granite and greenstone enclaves along structures such as the shear zone associated with the Sefton Lineament (the most well know major fault zones traversing the Project area). Octanex's exploration strategy is to define structural targets with favourable geochemistry for subsequent infill geochemistry (aircore/RAB) drilling in order to define drill targets. Low detection limit geochemistry (identification of coincident multi-element pathfinders and gold) in conjunction with the interpretation of geophysical data is being used to identify mineralised structures. Targets for ground geological reconnaissance and geochemical sampling were generated using a compilation of regional and project geophysical data prepared for Octanex by specialist geophysicist consultants, Resources Potentials. This included data from high resolution airborne magnetic, radiometric and digital elevation (DEM) surveys, as well as regional gravity survey data. Various processing filters were applied to the magnetic data to assist with interpretation and targeting. The Company has identified large regional NNW-SSE trending structures that have the potential to carry ore-bearing fluids into the surrounding bedrock. These structures can be highly prospective for mineralisation and will be a point of interest for future exploration.