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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Hemi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-2-2020: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Hemi deposit at the Pilbara project. Drilling results incl. 12m @ 0.9g/t Au from 48m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on ve | |
| 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 very encouraging sulphide rich alteration observed over large widths and depths from initial RC holes drilled on Section B at the newly discovered Hemi Prospect (Figure 2). In addition, one RC drill hole has been completed on Section A, intersecting intense sulphide mineralisation at depth beneath the 30m wide high grade gold zone. This release covers these geological observations in the new RC as well as the remaining aircore drilling results from the initial widespaced program, and which are considered material information to De Grey shareholders. All results remain pending. Hemi is a new discovery under transported cover, with the first aircore drill results reported on 17 December 2019 and further encouraging high grade results subsequently reported on 6 and 11 February 2020. A 30m wide high grade gold zone (>5g/t ) has been defined on Section A to 130m depth. A second high grade zone (>2.5g/t) has been outlined on Section B to 50m depth, 640m to the east. Additional step out aircore drilling on a nominal 160m x 40-80m basis is continuing within the 2.5km long prospective corridor. | |
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