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De Grey Mining Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Toweranna | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 3-10-2019: De Grey Mining Ltd. announces an Exploration/Drilling Update report for its Toweranna deposit at the Pilbara project. Drilling results incl. 4.34m @ 8.3g/t Au from 284.45m. De Grey Mining Limited (ASX: DEG, “De Grey”, “Company”) is pleased to a | |
| 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 recent drilling results associated with the on-going resource extension drilling program (diamond and RC) at Toweranna. Importantly, all drilling results are outside of the existing resource. Full results are listed in Table 1 and representative Figures 1-4. The diamond drilling between 200-400m is being undertaken on a nominal 40m x 80m basis with the aim of extending inferred resources below the existing open pit resource, 5.33Mt @ 2.1/t Au for 356,600oz. The initial results, for the first 10 diamond holes are considered particularly encouraging due to the high grade nature and multiple stacked veins. The mineralisation occurs both within the 250m diameter intrusion and shows stronger vein development on the margins with the sediments similar to the shallower resource area above. | |
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