De Grey Mining (ASX:DEG) - Executive Chairman, Simon Lill
Executive Chairman, Simon Lill
Source: Finance News Network
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  • De Grey Mining (DEG) has uncovered a large gold system at the Crow Zone within the Hemi Discovery
  • A total of six holes were drilled at Crow to test the bedrock to a depth of 150 metres
  • Of the six holes drilled, five intersected broad, semi-continuous gold mineralisation
  • Gold results peaked as high as 7.2 grammes per tonne gold
  • The company has now planned the next phase of drilling to test Crow along its length
  • This is expected to begin this month
  • De Grey is up a slight 1.43 per cent in mid-morning trade and shares are selling for 35.5 cents each

De Grey Mining (DEG) has uncovered a large gold system at the Crow Zone within the Hemi Discovery.

Hemi is a relatively new discovery for De Grey and it is situated at the Mallina Gold Province which is located 60 kilometres south of Port Hedland in Western Australia.

Crow Zone

The Crow Zone was recently identified via a wide-spaced aircore (AC) drilling program.

A total of six reverse circulation (RC) holes were drilled to test the bedrock to a depth of 150 metres, and of these six holes, five have intersected broad, semi-continuous gold mineralisation.

This RC drilling program intersected a continuous intrusion from the nearby Aquila Zone to Crow which indicated that Aquila lies on the southern boundary of Crow.

Significant results include 63 metres at 0.9g/t gold from 26 metres including four metres at 7.2g/t gold from 56 metres and two metres at 3.7g/t gold from 26 metres.

These results show De Grey that mineralisation at Crow is similar to that found at Aquila and Brolga.

As a result of these samples, De Grey has planned the next phase of RC step-out drilling to test Crow along strike.

This is expected to begin this month and will coincide with operations at Aquila and Brolga.

“These are the first six RC holes we have drilled into Crow. The results show an extensive 4000-metre plus wide zone of semi-continuous gold mineralisation throughout the entire intrusion from Aquila through to Crow,” Technical Director Andy Beckwith commented.

“The alteration and gold mineralisation at Crow is similar to that seen at Brolga. Looking at the cross-section, if the gold mineralisation at Aquila and Crow join at depth, then we have a target larger than Brolga with a potential lateral width of over 700 metres,” he added.

De Grey is up a slight 1.43 per cent in mid-morning trade and shares are selling for 35.5 cents each at 10:26 am AEST.

DEG by the numbers
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