GCX Metals Limited announced commencement of its maiden aircore ("AC") drilling program at the Onslow Copper Gold Project ("Project") with a drill rig booked to start in September 2022. The AC drilling program has been designed to test priority targets identified from a recent airborne electromagnetic ("EM") and magnetic survey flown over the Project. The AC drill program will comprise up to 4,000 metres of drilling and will be undertaken to test priority targets identified from a recent airborne EM survey flown over the Project, in particular priority 1 targets, ONS-12 and ONS-13, given the interpreted shallow nature of the cover (circa 40-50m).

A drilling contractor has been selected and a drill rig is booked to start in September 2022. The object of the drilling program is to test the interface of the basement and cover for geochemical dispersion of potential basement base metal mineralisation seen in historic drilling in similar rocks in the region. Historical drilling on the tenements was almost exclusively focused on the cover sequence in the search for pisolitic iron mineralisation and hence the proterozoic basement is considered to be essentially untested.

The Company also plans to conduct a ground EM program prior to drilling (subject to availability) over the priority 1 airborne EM targets to refine the drill target planning and in parallel commence a geochemical surface sampling program over the Project.