De Grey Mining Defines Depth Extensions and New Footwall Lodes at Falcon

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has defined further mineralisation at the Falcon intrusion, part of the company’s Hemi gold discovery in Western Australia.

De Grey Mining reported the mineralisation has been defined over a strike length of approximately one kilometre and is associated with highly brecciated and extensively sulphide altered portions of the north-south orientated subvertical intrusion.

The company said the style and intensity of alteration and brecciation is similar to its nearby Aquila deposit.

The latest results include:

55 metres at 1 gram per tonne gold from 263m and 16.5m at 1.1g/t gold from 324.5m − within an overall zone of 111.2m at 0.8g/t gold from 239.8m.

The company explained this to be currently the deepest hole showing mineralised intrusion that extends to 450 below surface.

24m at 0.9g/t gold from 302m and 12.5m at 1.3g/t gold from 331m − within an overall interval of 57m at 0.8g/t gold from 299m.

“The latest extensional drilling at Falcon demonstrates the increasing scale of the zone with mineralisation now intersected over one-kilometre strike and over 350 metres in depth,” De Grey Mining general manager exploration Phil Tornatora said in the company’s ASX announcement.

“New 160 metres spaced step out diamond drilling is underway to extend mineralisation to approximately 450 metres depth.

“The intrusion is increasing to approximately 100 metres thick at depth and multiple new footwall lodes are beginning to develop.

“Infill drilling is also providing confidence in the continuity and consistency of gold mineralisation.

“Falcon is open at depth and deeper step out diamond drilling is being prioritised to test this potential.

“These recent results, and further depth extensions, have the potential to significantly increase the already substantive gold endowment at Falcon.”