De Grey Mining (ASX:DEG) - Managing Director, Glenn Jardine
Managing Director, Glenn Jardine
Source: axinocapital Profi für Edelmetall Aktien [YouTube]
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  • De Grey Mining (DEG) has seen strong extensions to its Diucon and Eagle prospects at its Hemi Gold Discovery in WA’s Pilbara region
  • The Eagle prospect has seen mineralisation extended to around 600 metres of strike, 300 metres in depth and remains open to the northwest and at depth
  • New results on the two current western sections at Eagle include 36 meters at 6.9g/t gold from 40 metres
  • The Diucon prospect has also seen mineralisation width extended to around 200 metres, with new lodes intersected
  • Best results include 35 metres at 2.0g/t gold from 83 metres and 20 metres at 4.9g/t gold from 201 meters.
  • The company says both the Diucon and Eagle prospects demonstrated the potential to rapidly and cost-effectively add to the gold endowment at Hemi
  • De Grey Mining last traded at $1.24

De Grey Mining (DEG) has seen strong extensions to its Diucon and Eagle prospects at its Hemi Gold Discovery in WA’s Pilbara region.

The Eagle prospect has seen mineralisation extended to around 600 metres of strike, 300 metres in depth and remains open to the northwest and at depth.

New results on the two current western sections at Eagle include 36 meters at 6.9 g/t gold from 40 metres.

Reverse circulation drilling at Eagle comprises 160-metre spaced sections, with 80-metre spaced holes on each section. The company says broad zones of gold mineralisation continue to be defined as drilling advances to the west.

The Diucon prospect has also seen mineralisation width extended to around 200 metres, with new lodes intersected across strike from the previously reported 121 metres at 1.1g/t gold.  Diucon strike is currently around 900 metres, with mineralisation remaining open at depth and beneath sediments to the west.

Best results include 35 metres at 2.0g/t gold from 83 metres and 20 metres at 4.9 g/t gold from 201 meters.

Hemi mineralisation now extends around 3.5 kilometres east-west from Brolga to Eagle.

The company says the gold mineralisation shows similar alteration and sulphide development as seen at Aquila, Brolga, Crow, and Falcon’s adjacent deposits.

“Diucon and Eagle potentially represent another step change to the gold endowment at Hemi. Both zones remain open along strike and at depth,” said De Grey Managing Director, Glenn Jardine.

“We have demonstrated 900 metre and 600-metre strike lengths respectively at Diucon and Eagle with significant grades and widths downhole. Mineralisation remains open along strike and at depth with multiple stacked lodes in places”.

“Reverse circulation drilling to determine overall scale along strike continues and diamond drilling of potential down-dip extensions is expected to commence during the quarter.”

The company says both the Diucon and Eagle prospects demonstrated the potential to rapidly and cost-effectively add to the gold endowment at Hemi.

De Grey Mining last traded at $1.24 on April 14.

DEG by the numbers
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