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Be the first with the news that moves the market- WA mining company, De Grey Mining (DEG) has uncovered more high gold grades after conducting another drilling program
- Fresh results were unearthed at the newly discovered Hemi Prospect, which is part of the West Australian Mallina Gold Project
- The new grades match up very well with last week’s reported gold mineralisation
- De Grey’s Hemi Prospect is an emerging drill site on the West Coast
- The first results from the prospect were only released in December 2019
- Further drilling at the site was delayed in the wake of Cyclone Damien but is expected to start again shortly
- De Grey is up 9.68 per cent on the market this morning, trading at 17¢ apiece
De Grey Mining (ASX:DEG) has found further outstanding results from a follow-up drilling at the newly discovered Hemi Prospect in the Mallina Gold Project.
Drilling included 20 holes (BWAC316-BWAC335). The company said additional thick and high-grade gold mineralisation was intersected.
Results included 44 metres at 5.1 grams per tonne of gold from 40 metres in BWAC320, including 13 metres at 8.8 g/t.
These new drill results match up very well from last week’s reported gold mineralisation.
Last week results included 44 metres at 5.1g/t of gold from 40 metres in BWAC320, including 13 metres at 8.8g/t.
De Grey says further drilling was delayed due to Cyclone Damien and is expected to recommence shortly.
The Hemi Prospect is a new discovery in Western Australia, with the first-ever drill results reported in December 2019. Aircore drilling continues to define significant mineralisation.
“These are stunning results – high grade, thick and consistent. Clearly, drilling below this zone and the mineralisation on Section B are two key high priority RC targets,” Technical Director Andy Beckwith.
A further 39 aircore holes have been completed and De Grey is currently waiting for those results.
“We are looking forward to receiving the remaining aircore drilling results and re-commencing drilling activities now the cyclone has dissipated,” Andy added.
De Grey is up 9.68 per cent on the market this morning, trading at 17¢ apiece at 11:31 am AEDT.
