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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Mallina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-7-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Mallina deposit at the Pilbara project. Drilling results incl. 13.4m @ 5.12g/t Au from 126.6m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to ann | |
| Resources: | (Resource): 3.83Mt @ 1.3g/t for 160700oz Au contained at Mallina | |
| CP/QP: | [Overall Report]: Phil Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to announce an update on drilling results, Sub Audio Magnetic (SAM) survey and metallurgical test work from the Mallina deposit. The Mallina deposit (3.83Mt @ 1.3g/t for 160,700oz*) is a large under explored 5km long prospective corridor along the Mallina Shear Zone. The deposit and surrounding targets have substantial exploration upside and are located only 15km from the Withnell deposit. (*ASX release “2018 Total Gold Mineral Resource increases to 1.4Moz”, 3 October 2018) Diamond Drilling Results Step out diamond drilling comprising 3 holes, targeting extensions to known gold mineralisation has provided further encouraging results and a further 2 diamond holes (MLDD001 and MLRC253D) were drilled specifically for metallurgical test work. Significant intersections greater than 2 gram x metres are provided in Table 3 and locations in Table 2. Results of MLRC181D shows a down dip extension of a higher grade lode (Figure 1) with an intercept of 13.42m @ 5.12g/t from 126.58m. This intercept is down dip from previously reported intercepts of 10m @ 6.09gt/ and 4m @ 2.71g/t. Figure 1 has been drafted to show how MLRC181D when project on to the neighbouring section 609540E indicates holes MLRC123 and 124 have most likely stop just before the postulated location of the lode extensions on this section. | |
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