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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Hemi, Antwerp, Scooby | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 17-12-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Hemi, Antwerp, Scooby deposit at the Pilbara project. Drilling results incl. 43m @ 3.7g/t Au from 36m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleas | |
| 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 advise significant gold mineralisation has been intersected in wide spaced aircore drilling at Hemi and Antwerp and in selected RC holes at Scooby (Figures 2, 6 and 7). The aircore drilling is part of a large regional aircore drilling program (>47,500m) completed across many areas of the project, focused on new gold discoveries in prospective structural corridors. Results reported in this release only relate to the Scooby to Antwerp Structural Trend (“SAST”). The wide spaced aircore drilling results occur on a nominal 640m x 160m spacing at the Hemi prospect and variably between 200-640m spaced lines at the Antwerp prospect with additional assay results pending for aircore drilling at Scooby (Figure 4). Sampling has been undertaken and reported on a nominal 4m composite basis with significant results presented in Table 1. Follow up 1m resampling is currently in progress. The SAST is over 15km long and is subparallel to and several kilometres south of the Mt Berghaus trend, which hosts the 181,000 ounce Mt Berghaus deposit. The SAST comprises a network of multiple shears and inter-related Toweranna style intrusions providing an excellent fluid pathway and numerous structural traps with potential to host large gold deposits. Previous explorers have shown encouraging gold mineralisation occurs in various areas within the corridor in limited drilling such as at the Scooby and Antwerp prospects (ASX Release: “Multiple new targets increase exploration potential” 2 July 2019). | |
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