Join our daily newsletter At The Bell to receive exclusive market insights
- De Grey Mining (DEG) has updated shareholders on its current work activities at the Mallina Gold Project in Western Australia
- De Grey says exploration for the next three months will focus on the recently identified new intrusion style gold mineralisation at the Hemi prospect
- Work at Hemi includes extension drilling at the Aquila, Brolga, and Crow zones
- Results from Aquila and Brolga are expected next week, while drilling at Crow is only 40 per cent complete
- Follow-up drilling will also be undertaken at the Antwerp and Scooby intrusions
- De Grey is steady on the market this morning and shares are currently trading for 39.5 cents each
De Grey Mining (DEG) has updated shareholders on its current work activities at the Mallina Gold Project.
The Mallina project is located approximately 50 kilometres south of Port Headland in the Mallina Province of Western Australia, and hosts 2.2 million ounces of shallow gold resources.
Exploration for the next three months will focus on the recently identified new intrusion style gold mineralisation at the Hemi prospect.
Hemi, and at least four other untested intrusions, occur within a 30 kilometre, highly prospective structural corridor.
Work at Hemi includes extension drilling at the Aquila, Brolga, and Crow zones via reverse circulation (RC) and diamond drilling.
RC drilling is testing the shallower zone from the surface, while the diamond drilling is testing the depth extensions.
Results from Aquila and Brolga zones are expected to be reported on next week.
Meanwhile, approximately 40 per cent of drilling has been completed at the Crow zone, so results are currently pending.
This initial metallurgical testwork program at Hemi aims to provide indications on the potential process flowsheet and the recoveries that De Grey could expect.
This program will consist of communition, gravity, cyanide leaching, oxidation, and flotation testwork.
Six additional holes have also been planned at Brolga to obtain core within the upper oxide areas.
De Grey will also undertake exploration drilling along the 10 kilometre strike length from the Scooby intrusion to the Antwerp intrusion to target further new discoveries.
The company will primarily focus on Scooby and Antwerp, as previous drilling has returned results such as four metre at 21.7g/t gold from 32 metres at Antwerp, and 14 metres at 3.5g/t gold from 37 metres at Scooby.
De Grey is steady on the market this morning and shares are trading for 39.5 cents each at 10:31 am AEST.
