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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Mallina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 6-7-2017: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Mallina deposit at the Pilbara project. Exploration target and drilling results incl. 40m @ 1.51g/t Au from 32m. De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is pl | |
| Resources: | (Exploration target range): 1.4 - 2.6Mt @ 1.2 - 1.5g/t Au for 53000 - 125000oz contained at project | |
| CP/QP: | [Resources]: Andrew Beckwith (De Grey Mining Ltd.) | |
| ABSTRACT: | De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is pleased to report that assay results from 4m composite samples have been received from the Phase 1 RC drilling program at the Mallina prospect (Figure 1). Mallina is located approximately 15km from the proposed processing plant at De Grey’s Pilbara Gold Project, located near Port Hedland Western Australia, where the Company is currently progressing a Scoping Study for the recommencement of open pit mining. Mallina is considered a high priority target with potential to define additional shallow open pit gold resources. Previous, wide-spaced drilling intersected significant zones of gold mineralisation along the 3.2km east-trending Mallina structural corridor. De Grey recently completed a 90 hole RC drilling program at Mallina for 7,588m in two phases (Figure 2). The drilling tested specific zones of mineralisation to a nominal 100m vertical depth on 50m spaced lines. It is anticipated that this new drilling will provide sufficient density of drilling to enable a maiden resource estimate to be reported for Mallina in the near future. “We can see Mallina rapidly advancing towards another significant shallow resource and dovetailing into our open pit development strategy within the overall Pilbara Gold Project. The continuity of gold mineralisation at Mallina is highly encouraging and our confidence in defining additional open pit resources within a short trucking distance of the proposed processing facility is growing by the day. Mallina is yet another example of a large gold system in this grossly under-explored region. Our improved geological understanding of this large system indicates that good potential remains for significant extensions to Mallina. We look forward to reporting further assay results in the coming weeks.” | |
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