De Grey Mining Confirms Extensions at Wingina and Amanda Gold Deposits

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported new drilling results from the Wingina and Amanda gold deposits that form part of the company’s Pilbara gold project near Port Hedland in the Pilbara region of Western Australia.

The Wingina deposit hosts shallow near surface mineralisation that has previously been drilled over more than one kilometre of strike length and generally down to approximately 200 metres depth.

It has a current resource of 5.49 million tonnes at 1.6 grams per tonne gold for 287,700 ounces with more than 75 per cent of the resource in the measured and indicated categories.

De Grey Mining said its Recent drilling targeted extension to the mineralisation at depth and to the north east along strike.

New results from Wingina include:

6.35 metres at 3.37g/t gold, including 0.75m at 12.2g/t gold; and

12.66m at 1.75g/t gold, including 0.81m at 10.95g/t gold.

De Grey completed a program of 25 RC holes at the Amanda deposit utilising a specialised RC drill rig capable of drilling shallow angle RC holes in sloping terrain.

This drilling extended mineralisation beyond the resource model and selected holes were drilled to infill portions of the resources model where the previous rig could not gain access.

New results from Amanda include:

14m at 1.06g/t gold from 29m, including 9m at 1.38g/t gold from 32m;

6m at 1.65g/t gold from 56m;

11m at 0.97g/t gold from 33m;

14m at 0.77g/t gold from 30m;

15m at 0.69g/t gold from 73m; and

17m at 0.76g/t gold from 47m.

“Overall, the results indicate mineralisation remains open along strike and at depth and further resource increases can be expected with further drilling,” De Grey Mining said in its ASX announcement.

“Follow up drilling programs at Amanda are currently being assessed.”