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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Toweranna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 11-6-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Toweranna deposit at the Pilbara project. Drilling results incl. 15m @ 4.71g/t Au from 223m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to annou | |
| Resources: | (Resource): 2.01Mt @ 2.2g/t Au for 143,900oz Au contained at Toweranna | |
| CP/QP: | [Overall Report]: Phillip Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to announce results for an additional 17 RC drill holes from the Toweranna Gold Deposit. The RC program has now been completed with a total of 42 holes drilling an advance of 10,126m. The RC drilling has been undertaken on a 40m x 40m basis to allow for an open pit resource estimation to 200m depth, targeting lateral and depth extensions to the existing shallow 2018 Toweranna Mineral Resource of 2.01Mt @ 2.2g/t Au for 143,900oz (ASX release “2018 Total Gold Mineral Resource increases to 1.4Moz”, 3 October 2018). The new drilling results confirm lateral extensions and additional stacked lodes and add further support to an anticipated substantial increase to the current open pit resource to 200m depth. Potential to extend gold lodes beyond 200m is currently being evaluated with selected scout diamond holes testing for mineralisation between 200-600m depth. A full listing of drill intersections (greater than 2g x m) is provided in Table 1. Drill locations are provided in Figure 1 and representative drill sectionsin Figures 2-3 where pink lodes represent the multiple new lodes and extensions verses the original resource lodes in blue. | |
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