- De Grey Mining (DEG) reports the latest round of drill results from the Hemi deposit’s Diucon zone as ongoing drilling efforts continue
- De Grey has intersected mineralised intrusion at Diucon to 300 metres in width, 400 metres depth and 1000 metres along strike
- Notable intersections include 17 metres at 7.5 grams of gold per tonne (g/t), 19 metres at 4.1g/t gold and 21 metres at 3.2g/t gold from 196 metres
- The company says mineralisation discovered so far shows similar traits to adjacent deposits
- De Grey Mining shares are up 3.75 per cent to trade at $1.25 at 12:02 pm AEST
De Grey Mining (DEG) has reported the latest round of drill results from an ongoing drilling effort from the Hemi deposit’s Diucon zone.
The campaign forms part of De Grey Mining’s broader bid to expand the Hemi gold deposit, which sits within the Mallina Gold Project in Western Australia’s Pilbara region.
De Grey said mineralised intrusion at Diucon had been intersected to 300 metres in width, 400 metres depth and 1000 metres along strike while remaining open in all directions.
Notable intersections include 17 metres at 7.5 grams of gold per tonne (g/t) from 175 metres, 19 metres at 4.1g/t gold from 115 metres and 21 metres at 3.2g/t gold from 196 metres.
De Grey noted the mineralisation discovered so far at Diucon shows similar alteration and sulphide development as seen at adjacent deposits but that Diucon also shows overprinting quartz veins “which can carry high gold grades.”
De Grey’s General Manager Exploration Phil Tornatora commented on the results.
“We continue to extend mineralisation in width to the south, along strike to the west and at depth,” he said.
“Drilling is also being conducted to increase the resource confidence from Inferred to Indicated classification.”
Extensional drilling at depth, to the south and to the west is set to continue.
De Grey Mining shares were up 3.75 per cent to trade at $1.25 at 12:02 pm AEST.