De Grey Mining Claims Two More Hemi Gold Discoveries

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) appears to have done it again with the claiming of two new gold discoveries at the company’s Hemi gold project located south of Port Hedland in Western Australia.

De Grey Mining announced the discovery of two new mineralised intrusions immediately west of Crow, at Hemi.

The new discoveries, Diucon and Eagle, are located immediately west of Crow along the SW-NE trending structural corridor running from Scooby to Antwerp.

Recent aircore and RC drilling defined two new zones of gold mineralisation over approximately one kilometre and 500 metres of strike respectively.

The company noted the intrusions are not highlighted by any magnetic signature, which it said leaves large scope to define further non-magnetic intrusions throughout the region.

Gold mineralisation was intersected in first pass aircore and RC drilling, including:

Diucon intrusion initial RC drill results include:

99 metres at 1 gram per tonne gold from 114m (at a 0.3g/t lower cutoff), including 19m at 2g/t gold from 158m, 6m at 4.5g/t gold from 186m and 9m at 1.3g/t gold from 204m; and

29m at 1.1g/t gold from 55m in (at a 0.3g/t low cutoff) including 10m at 2.6g/t gold from 74m

An encouraging gold zone was identified in aircore drilling over approximately 1km in strike and 300m wide.

The strongest gold mineralisation appeared at the western end from 40m to 200m depth and remains open to the west and at depth with further RC drilling underway.

Eagle intrusion results from the first two RC holes at Eagle include:

68m at 0.7g/t gold from 50m (at a 0.3g/t lower cutoff), including 3m at 1.3g/t gold from 51m and 6m at 2g/t gold from 78m and 18m at 1.3g/t gold from 96m.

“Systematic aircore drilling around Hemi has discovered two new mineralised intrusions: Diucon and Eagle,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The initial follow up RC drilling has intersected broad zones of shallow gold mineralisation.

“Wide spaced drilling is at an early stage and both intrusions remain open along strike and at depth.

“Follow up RC drilling will continue with the aim to delineate the extent and continuity of gold mineralisation in both intrusions.

“Potential exists to define new resources to add to the existing gold endowment at Hemi.

“Systematic aircore drilling continues in the Greater Hemi area.”