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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Toweranna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-12-2017: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Toweranna deposit at the Pilbara project. Drilling results incl. 8m @ 21.7g/t Au from 48m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report | |
| Resources: | (Resource, Total): 0.43Mt @ 2.9g/t Au for 40.7Koz contained at Toweranna | |
| CP/QP: | [Overall Report]: Phillip Tornatora (Internal) | |
| ABSTRACT: | De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to report the completion of RC drilling at the Toweranna Prospect at the Pilbara Gold Project, located approximately 100km from Port Hedland, Western Australia. The recent RC drilling program has successfully returned numerous high-grade intercepts within a continuous zone of gold mineralisation, approximately 450m strike length, around the southern and western margin of the granite intrusion to a depth of around 100-120m. Importantly, the gold mineralisation remains open at depth with numerous high-grade zones indicating deeper underground potential. This drilling has the potential to significantly increase the existing resource (JORC 2012) of 0.43Mt @ 2.9g/t Au for 40,700oz. Planning is underway on a program of step-out RC and diamond drilling to further extend the high-grade mineralisation at depth, infill for resource conversion and to obtain detailed geological controls on the mineralisation for resource estimation and metallurgy of the oxide and fresh material. RC Drilling Results The drilling program comprised of thirty-five (35) RC holes for a total advance of 4008m. Drilling targeted mineralisation associated with the margins of a 200-300m diameter granitic intrusion in the axis of a regional fold. The primary focus of the drilling was to | |
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