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De Grey Mining Ltd.

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Summary

Project:

Pilbara

Deposit:Hemi
Location:Australia
Commodities:Gold
Date:3/10/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Pre-Feasibility Study
Report details:10-3-2020: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Hemi deposit at the Pilbara project. Drilling results incl. 26m @ 2.6g/t Au from 104m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on n
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Phil Tornatora (Internal)
ABSTRACT:De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on new drilling assay results and further encouraging sulphide mineralisation observed over large widths and depths at the Brolga Zone within the Hemi Discovery, located within 60km of Port Hedland, Western Australia. This release covers geological observations that extend the extensive sulphide mineralisation on the adjoining sections 80m east and 80m west of the Brolga Discovery together with new gold assay results on section 30,640E (Figure 2). Initial RC drilling has now been undertaken on sections 30,560E and 30,720E, located 80m east and 80m west of the original discovery section 30,640E (Section B). This recently completed drilling now demonstrates similar sulphide rich mineralisation occurs on both sections over substantial intervals (Figure 3 and 4) and defines extensive sulphide mineralisation over 160m of strike length. Further RC drilling is currently underway on sections 30,480E and 30,800E. Section 30,560E, 80m to the west, shows markedly similar style of sulphide mineralisation and over a 200m width. The broad individual sulphide zones are interpreted to dip approximately 45-60° to the south (local grid). On Section 30,720E, the sulphide zones occur over a similar gross width of 200m width, with more pronounced individual zones evident. All assay results remain pending.

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