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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Amanda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-8-2018: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Amanda deposit at the Pilbara project. Drilling results incl. 14m @ 4.94g/t Au from 19m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillip Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on new drilling results from the Amanda Gold Deposit within the Pilbara Gold Project, located 60km south of Port Hedland, Western Australia (Figure 1). The Pilbara Gold Project has excellent potential to define significant additional resource ounces along its 200 km plus strike length of mineralised shears zones throughout the large 1,480 km2 landholding. To date, approximately 10% of the shear zones have received detailed shallow RC and diamond drilling to a nominal depth of 100-150m which has already defined Mineral Resources containing over 1.2Moz* of gold. The Company is actively ramping up exploration throughout the tenement package in a drive to upgrade and expand known resources, as well as discover new deposits. There are over 40 identified yet untested soil anomalies along the highly prospective regional scale shear zones and conglomerates. The Company aims to significantly increase resources throughout the under-explored and highly prospective project area. | |
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