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De Grey Mining Ltd.

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Summary

Project:

Pilbara

Deposit:Toweranna
Location:Australia
Commodities:Gold
Date:11/26/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Pre-Feasibility Study
Report details:26-11-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Toweranna deposit at the Pilbara project. Drilling results incl. 6.0m @ 9.0g/t Au from 300m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to anno
Resources:(Resource): 5.33Mt @ 2.1g/t Au at Toweranna
CP/QP:[Overall Report]: Phil Tornatora (Internal)
ABSTRACT:De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to announce further significant drilling results from the resource extension diamond drilling program at Toweranna targeting new mineralisation below the current open pit resource of 5.33Mt @ 2.1/t Au for 356,600oz*. (*ASX release “2019 Total Gold Mineral Resource – 21% increase to 1.7Moz”, 16 July 2019). The overall diamond drilling program has been undertaken to test the mineralisation between 200-700m depth. The holes are generally wide spaced on nominal 40m x 80m basis however below 400m depth the hole spacings increase up to 160m apart. All the reported new drilling results occur outside of the existing resource. Full results are listed in Table 2 and representative Figures 2-5. Note, the RC precollars results have previously been announced and are not shown on cross sections. On 3 October 2019, De Grey reported partial results of this program and the new results in this report are the completion of this overall program.

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