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De Grey Mining Ltd.

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Summary

Project:

Pilbara

Deposit:Hemi
Location:Australia
Commodities:Gold
Date:3/17/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Pre-Feasibility Study
Report details:17-3-2020: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Hemi deposit at the Pilbara project. Drilling results incl. 97m @ 3.2g/t Au from 35m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to provide this
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 provide this drilling and results update for the Brolga and Aquila Zones within the Hemi Discovery, located within 60km of Port Hedland, Western Australia. This release covers the latest drilling gold assay results and further encouraging sulphide mineralisation observed over large widths and depths at the Brolga and Aquila Zones as of 16 March 2020 (Figure 1). Extensive sulphide mineralisation is now identified in RC and diamond drilling over +240m of strike length with additional strike potential highlighted by encouraging aircore gold results and observations along strike over approximately 600m. The overall scale of the Brolga Zone remains open in all directions. Mineralisation is hosted in a large multi-phase intrusion. The current dimensions of the Brolga Zone defined only by RC and diamond drilling are: +240m strike x up to 200m wide x 220m below surface and remains open RC and diamond drilling continues to test the scale of the deposit on 80m spaced sections and nominal 80m spaced holes on section. The aim is to first define the lateral limits of the mineralisation and depth extensions to an initial nominal 400m vertical metres prior to commencing infill resource drilling. Full gold intercepts are listed in Table 1 and new significant sulphide zones listed in Table 2

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