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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Mallina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-9-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Mallina deposit at the Pilbara project. Drilling results incl. 40m @ 3.9g/t Au from 8m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to announce a | |
| Resources: | (Resource): 3.83Mt @ 1.3g/t Au at the Mallina deposit | |
| CP/QP: | [Overall Report]: Phil Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to announce an update on encouraging aircore drilling results from the Mallina deposit. Mallina has a defined gold resource of 3.83Mt @ 1.3g/t for 160,700oz* based on drilling to July 2018 and is hosted within a 7km long portion of the large regional scale Mallina Shear Zone. The deposit and surrounding targets have substantial exploration upside and are located only 15km from the Withnell deposit. (*ASX release “2019 Total Gold Mineral Resource – 21% increase to 1.7Moz”, 16 July 2019). A program of widely spaced aircore drilling comprising 104 holes, totalling 6,305m, was recently completed at Mallina. Drilling was undertaken on lines 200-400m apart, with holes spaced 40m on section. The drilling targeted new SAM geophysical targets and structural interpretation beneath the thin veneer of transported cover. Two sections were drilled 1.8km and 3.0km west of the Mallina resource area with holes at 80m intervals, along an interpreted extension of the Mallina Shear Zone corridor based on aeromagnetics. Table 1 provides a listing of all results (>2gm*m) and Figure 1 and 2 provides a summary of the new drilling results. | |
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