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- De Grey Mining (DEG) has announced its Hemi gold project in WA’s Pilbara region is showing even more promise than first thought
- An extensive drilling program has yielded tantalising results in the Brolga and Aquila zones of the project
- These two areas of strong, broad sulphide rich mineralisation with high-grade gold have still been only partially defined
- Further drilling will further refine the breadth and grade of the resource
- The project represents a major new discovery for De Grey and potentially a new and exciting style of mineralisation in the Pilbara region
- De Grey Mining is up 14.7 per cent with shares trading for 19.5 cents apiece at market close
De Grey Mining (DEG) has announced its Hemi gold project in WA’s Pilbara region is showing even more promise than first thought.
An extensive drilling program has yielded tantalising results in the Brolga and Aquila zones of the Hemi project – with encouraging sulphide mineralisation observed over large widths and depths.
“Brolga and Aquila are developing into two very large gold systems with widths of gold mineralisation never seen before in the project area nor the Pilbara region,” Technical Director Andy Beckwith said.
“The large anomalous gold area to the north of Aquila is now our focus for aircore drilling … and provides scope for further new parallel discoveries,” he added.
Extensive sulphide mineralisation in the Brolga zone has been identified throughout an area measuring up to 200 metres wide, more than 240 metres long and more than 220 metres deep.
Drilling results indicate the mineralisation may extend in every direction from the currently mapped lode.
Aquila is a parallel zone of strong gold and sulphide mineralisation to the immediate north of the Brolga zone. Currently, its defined dimensions are up to 50 metres wide, over 800 metres long and more than 180 metres deep – again with possible further extensions to the mineralised area.
Both Aquila and Brolga represent a major new discovery for De Grey and potentially a new and exciting style of mineralisation in the Pilbara region.
The scale, grade and overall dimensions of the mineralisation defined to date are larger than all the other gold deposits De Grey has defined within the project area. The Hemi project has substantial potential to increase De Grey’s current 1.7 million ounces of shallow gold resources.
Resource definition – utilising aircore, reverse circulation and diamond drilling – continues to return positive assay results, with still more results pending.
Since the first results were received in December 2019, further encouraging high grade results have subsequently been reported in February 2020. Brolga and Aquila represent zones of strong, broad sulphide rich mineralisation with high grade gold which have still been only partially defined.
De Grey Mining is up 14.7 per cent at market close, with shares trading for 19.5 cents apiece.
