De Grey Mining (ASX:DEG) - Technical Director, Andy Beckwith
Technical Director, Andy Beckwith
Source: De Grey Mining
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  • Ongoing drilling at De Grey Mining’s (DEG) Hemi Discovery in WA’s Pilbara is confirming the extensive and consistent nature of gold endowment at Falcon
  • Reverse circulation and diamond drilling at the Falcon intrusion have defined thick zones of gold mineralisation over one kilometre in strike and 350 metres down dip
  • Significant intercepts include 92 metres at 1.3 grams per tonne of gold from 124 metres downhole, intersected in an infill drill hole
  • Importantly, mineralisation remains open at depth and along strike, and as such could be extended further as drilling continues
  • Results from the program will feed into a mineral resource estimate, targeted in mid-2021
  • DEG shares shares are down 1.47 per cent to $1.01

De Grey Mining’s (DEG) ongoing exploration efforts at the Hemi Gold Discovery in WA’s Pilbara region are continuing to yield strong results.

The latest results come from the Falcon intrusion, immediately south of the Aquila deposit and 600 metres west of the Brolga deposit.

Hemi was first discovered in late 2019 within De Grey’s Mallina Gold Project, an extensive 1200-square-kilometre tenement package consolidated by the company over several years.

Falcon

Results from reverse circulation (RC) drilling and diamond drilling at Falcon demonstrate the extensive and consistent nature of gold endowment in the area.

“The latest results at Falcon demonstrate the consistently high gold endowment of this zone along a strike of 1000 metres and to a depth of at least 350 metres,” explained Managing Director Glenn Jardine.

The consistency of mineralisation is exemplified by a 92-metre intercept at 1.3 grams per tonne of gold from 124 metres in infill drill hole HERC424.

The hole was drilled only 50 metres up dip from hole HERC233D which also returned an intercept of 92 metres at 1.3 grams per tonne of gold from 167 metres.

Importantly, mineralisation at Falcon remains open at depth and along strike. De Grey in aiming to extend this known zone further in ongoing drilling, before delivering a mineral resource estimate mid-year.

“The company has recommenced its drilling program with eight drill rigs operating on-site — two aircore rigs, three RC rigs and three diamond rigs,” said the Managing Director.

“As well as delineating the existing zones at Hemi, aircore and RC drilling is progressively expanding to known and new intrusive targets in the Greater Hemi area. Aircore and RC drilling to identify new zones outside Hemi is currently focused to the north and west of Crow,” he added.

DEG shares shares are down 1.47 per cent to $1.01 at 10:42 am AEDT.

DEG by the numbers
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