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De Grey Mining Ltd.
Summary
| Project: | Farno JV | |
|---|---|---|
| Deposit: | Farno JV | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-2-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Farno JV deposit at the Farno JV project. Drilling results incl. 13m @ 0.27g/t Au from 22m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Phil Tornatora (Not stated) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on recent activities completed on the Farno McMahon Joint Venture (Farno JV) areas, located within 20km south of the Withnell Deposit. The Farno JV covers a large tenement area with strong north east trending structures and many large geochemical gold anomalies defined by previous exploration. Bedrock gold mineralisation has been defined by limited earlier drilling, however most of the anomalies remain untested. Recent drilling at White Quartz Hill, Clarke, and Gillies Prospects has defined anomalous gold zones at all three prospects. The results are considered encouraging as each prospect has never been drilled previously. Further exploration activities are currently being planned. De Grey is well advanced on earning an initial 30% equity in tenement E45/2502 and expects to achieve this milestone during 2019 work programs. Novo Resources recently acquired the holding company Farno McMahon Pty Ltd from whom De Grey is earning its Joint Venture interest. | |
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