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De Grey Mining Ltd.
Summary
| Project: | Turner River | |
|---|---|---|
| Deposit: | Mt Berghaus | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-9-2018: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Mt Berghaus deposit at the Turner River project. Drilling results incl. 26m @ 3.45g/t Au from 3m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phil Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report on new drilling results from the Mt Berghaus Gold Deposit within the Pilbara Gold Project, located 60km south of Port Hedland, Western Australia (Figure 1). The Pilbara Gold Project has excellent potential to define significant additional resource ounces along its 200 km plus strike length of mineralised shears zones throughout the large >1500km2 landholding. To date, approximately 10% of the shear zones have received detailed shallow RC and diamond drilling to a nominal depth of 100-150m which has already defined Mineral Resources containing over 1.2Moz* of gold, with a resource update currently underway and expected to be reported late September/early October 2018. The Company is actively ramping up exploration throughout the tenement package in a drive to upgrade and expand known resources, as well as discover new deposits. Recent diamond drilling has targeted higher grade underground resources at both the largest gold systems at Withnell and Wingina. Additionally, there is a large pipeline of over 40 identified and as yet untested soil anomalies along the highly prospective regional scale shear zones and conglomerates. The Company aims to significantly increase resources throughout the under-explored and highly prospective project area as exploration advances. (* ASX release “Pilbara Gold Project increases gold resources by >20% to over 1.2Moz”, 28 September 2017) Drilling Programs In March, the Company commenced an infill and extensional RC drilling program, targeting improved and additional resources at Mt Berghaus, Mallina, Toweranna and Amanda gold deposits. The drilling results reported below are the latest RC drilling holes that are to be included in the updated 2018 resource model. Additional diamond and RC drilling is currently being planned to further test this large gold mineralised system. | |
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