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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Mallina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-6-2018: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Mallina deposit at the Pilbara project. Drilling results incl. 46m @ 3.26g/t Au from 14m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillip Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on new drilling results from the Mallina Gold Deposit within the 1480sqkm Pilbara Gold Project and located 75km from Port Hedland, Western Australia (Figure 1). The Pilbara Gold Project is considered to have excellent potential to define significant additional resource ounces, along the 200km strike length of mineralised shears zones throughout the large (1480sqkm) landholding. To date, approximately 10% of the shear zones have received detailed shallow RC and diamond drilling to a nominal depth of 100-150m and has already successfully defined +1.2Moz (JORC 2012*) of gold resources Shallow gold zones (>10gm*m), most of which are less than 60m depth and likely to fall within new expanded PFS open pit shells. Mineralisation occurs as a series of stacked en-echelon lodes along the 3km shear zone strike length. Potential for the discovery of additional lodes and linking structures remains high. Andy Beckwith (Technical Director) commented: “Mallina continues to grow with each round of drilling, with new extensions and lodes defined and remaining open in many directions. Once again, the infill drilling has yielded encouraging zones of significant gold mineralisation and strengthens continuity of lodes.” In March, the Company commenced an infill and extensional RC drilling program, targeting improved and additional resources at the Mt Berghaus, Mallina, Toweranna and Amanda gold deposits. | |
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