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De Grey Mining Ltd.
Summary
| Project: | Turner River | |
|---|---|---|
| Deposit: | Mt Berghaus | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-5-2018: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Mt Berghaus deposit at the Turner River project. Drilling results incl. 19m @ 5.2g/t Au from 4m. Shallow broad high-grade gold zones (>20gm*m), all less than 60m depth | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phil Tornatora (Internal) | |
| ABSTRACT: | Shallow broad high-grade gold zones (>20gm*m), all less than 60m depth and likely to fall within new PFS open pit shells. Many include “bonanza” high grade (>15g/t) zones New lodes and extensions discovered with infill results to provide improved resource model definition. Mineralisation remains open along strike and at depth High positive “hit rate” in drilling 17 holes with intersections with > 20gram*metres 38 holes (from 58 holes) reported significant gold intersections Underground potential increases significantly with numerous higher-grade intercepts Strong structural controls and interpreted high grade “linking structures” provides new focus to our targeting along this large and under-explored 5km anomaly. Additional Phase 2 extensional and infill RC drilling underway Andy Beckwith (Technical Director) commented: “Mt Berghaus is a prime example of the more drilling we do, the more gold we find. The numerous high-grade intersections together with the discovery of new parallel lodes and extensions to existing lodes, augurs well for future resource increases. Importantly, these new lodes and extensions are all at shallow open pit depths and fall on the margins or just outside of the existing 2017 scoping study pit shells. The likelihood of increasing the open pit shells in the 2018 Pre-Feasibility Study looks encouraging.” | |
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