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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Toweranna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 21-5-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Toweranna deposit at the Pilbara project. Drilling results incl. 8m @ 16.37g/t Au from 228m. Andy Beckwith, Technical Director commented: “The new drilling results clea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillip Tornatora (Internal) | |
| ABSTRACT: | Andy Beckwith, Technical Director commented: “The new drilling results clearly suggest a substantial resource increase can be expected. The stacked gold mineralisation has now been confirmed to extend throughout the entire 250m diameter granite body and to at least 200m depth and remains open at depth. The high grade nature of the gold bearing quartz veins is especially encouraging. We expect the large volume of new assays that have been received will support a significant increase in the upper high grade gold cut in the resource estimate, which may result in an increase in overall grade in addition to increased ounces. Importantly, many of the gold lodes remain open below the latest RC drilling and historical diamond drilling shows lodes occur to at least 425m depth. | |
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