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De Grey Mining Ltd.
Summary
| Project: | Turner River | |
|---|---|---|
| Deposit: | Mount Berghaus | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-1-2017: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Mount Berghaus deposit at the Turner River project. Drilling results incl. 14m @ 2.58g/t Au from 122m. De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Philip Tornatora (Not stated) | |
| ABSTRACT: | De Grey Mining Ltd (ASX: DEG, “De Grey” “Company”) is pleased to report the final results of the outstanding drill holes at the Mount Berghaus prospect, Turner River Project (Figure 1). The RC drilling program, comprising 64 holes for a total advance of 5536m, forms an integral part of the Company’s strategy of targeting a combined 500,000oz resource at the Turner River Project in the coming six months. Specifically, the Mount Berghaus drilling program aims to both upgrade and expand on the current 43,000 ounce gold resource (Resources Statement by De Grey Mining Limited as reported to the ASX on 23 June 2016). The drilling has focused on key infill drilling within the existing resource and immediate along strike extensions, as well as testing newly defined outcropping gold bearing quartz veins and other priority targets. This report provides final 1 metre re-split results for earlier holes in Table 2 and final 1m re-splits the remaining 43 drill holes in Table 3. At Mount Berghaus multiple lodes of quartz veining have been defined with associated significant gold mineralisation. Mineralisation remains open both along strike and at depth along many of the lodes. Drilling has also intersected a new lode and extensions to the existing lodes. Wireframing and geological modelling of the mineralised lodes is currently underway and an updated resource is planned to commence towards the end of January. Figures 2 and 3 provides a summary of drilling intersections and hole locations at Mount Berghaus, North Lode and West Berghaus. | |
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