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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Eastern Zone, Western Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 13-3-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Eastern Zone, Western Zone deposit at the Pilbara project. Drilling results incl. 10.4m @ 4.93g/t Au from 8m + exploration target for Toweranna. Exploration Target Caut | |
| Resources: | Exploration Target: 9.6Mt - 11.2Mt @ 2.1g/t Au - 2.3g/t Au at Toweranna | |
| CP/QP: | [Overall Report]: Phillip Tornatora (Internal) | |
| ABSTRACT: | Exploration Target Cautionary Statement - The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to determine a mineral resource and there is no certainty that further exploration work will result in the determination of a mineral resource. Andy Beckwith, Technical Director commented: “Toweranna is growing in stature with every drill hole and the shallow resource potential to 200-250m depth provides the opportunity to underpin a substantial step-change in the future open pit dimensions and economics. This new style of mineralisation in the region demands attention with high priority resource extension drilling underway. On the regional exploration front, we are assessing two early stage targets for similar style granite hosted gold, one to the east of Toweranna and another southwest of Mt Berghaus.” De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to announce promising diamond drilling results, as well as a substantial initial resource exploration target at the Toweranna gold deposit. The Company also announces the commencement of a significant +5000m resource extension RC drilling program at Toweranna, which forms part of the 1.4Moz Pilbara Gold Project (“PGP”), located near Port Hedland in the Pilbara region of Western Australia. (ASX release “2018 Total Gold Mineral Resource increases to 1.4Moz”, 3 October 2018) | |
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