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De Grey Mining Ltd.

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Summary

Project:

King Col

Deposit:King Col
Location:Australia
Commodities:Lithium-Tantalum
Date:11/15/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-11-2018: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its King Col deposit at the King Col project. Drilling results incl. 27.3m @ 1.14% Li2O, 180ppm Ta2O5 from 12.7m. De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is ple
Resources:x
CP/QP:[Overall Report]: Philip Tornatora (Internal)
ABSTRACT:De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is pleased to announce results from the first two diamond holes drilled at the King Col Pegmatite prospect. This work is partially funded under the WA Government’s Exploration Incentive Scheme (EIS) following the Company’s successful application for drilling co-funding. Background The King Col Pegmatite is located on De Grey’s 100% owned E45/2533, located approximately 50km south of Port Hedland, 35km north of the world class Pilgangoora Lithium-Tantalum Mine and 45km from the Wodgina Lithium Mine. The Tabba Tabba Tantalum Mine is located 20km away and within the same greenstone belt that hosts the King Col Pegmatite (Figure 1). In October 2017, a limited scout RC drilling program of 22 shallow holes was undertaken to test portions of the previously defined 2km long lithium-in-soil anomaly. This drilling successfully intersected potentially economic widths of lithium rich mineralisation, including 17m @ 2.55% Li2O from 13m depth and 8m @ 1.0% Li2O from 27m depth. Previous petrological studies have confirmed the presence of the lithium-bearing mineral spodumene, in addition to petalite and lepidolite. Caesium rich mineralisation was also noted with 1m @ 8.63% Cs2O% with pollucite identified in petrological thin section. Soil sampling in early 2018 has extended the overall lithiumrelated anomaly to over 7km in strike length.

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