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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Toweranna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-4-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Toweranna deposit at the Pilbara project. Drilling results incl. 136m @ 2.0g/t Au from 94m. Andy Beckwith, Technical Director commented: “We are very pleased with these | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillip Tornatora (Internal) | |
| ABSTRACT: | Andy Beckwith, Technical Director commented: “We are very pleased with these new drill results as they confirm strong gold mineralisation occurs to at least 200metres below surface and material resource extensions are likely with further drilling. The potential to extend resources from 200 to 400m depth will be our next focus. The bonanza high grade nature of some of the individual veins is also particularly encouraging as it suggests selective or bulk underground mining methods may be possible. Importantly, the new drilling shows Toweranna has multiple stacked lodes across the entire intrusion, strong mineralisation extending at depth and remains open. This is a new style of mineralisation for the Pilbara and similar style deposits elsewhere around the world validates the potential for large scale and multi-million ounce resources.” | |
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