De Grey Mining Drills Energising Results at Diucon

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported exploration results from the Diucon deposit at the company’s Hemi gold project in Western Australia.

Diucon is located immediately to the west of Crow and presents a potential geological link between the Crow and Antwerp intrusions.

De Grey said the gold mineralisation at Diucon shows similar alteration and sulphide development as seen at the adjacent Aquila, Brolga, Crow, Falcon and Eagle deposits.

Extensional Results

Section 28720E

173.7 metres at 1.5 grams per tonne gold from 271.3m; 80m below the current resource

99m at 1.1g/t gold from 256m and 173m at 1.6g/t gold from 366m; 160m below the current resource

Section 28880E

108.4m at 0.8g/t gold from 280.72m. 80m below the current resource

Infill Results

Section 28720E

58.7m at 2g/t gold from 224m; (partially previously reported)

Section 28800E

88m at 1.9g/t gold from 256m; and

87.0m at 1g/t gold from 180m and 42m at 4.2g/t gold from 278m.

“The new drilling results at Diucon provide clear evidence that increases to the current Hemi resource can be expected with further drilling,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The higher grades zones within these broad gold zones are also encouraging, as we continue to extend mineralisation to the west and conduct closer spaced drilling within the existing resource footprint.

“The mineralised intrusion on Section 28720E widens at depth.
“Step out drill hole HERC889D is currently in progress, targeting a further 160 metres beneath HERC851D.

“This well mineralised section remains entirely open to the west and depth.

“The mineralised intrusion at Diucon was intersected in RC and diamond drilling beneath unmineralised sediments previously intersected in shallow aircore drilling.

“This aspect provides encouragement for discovering additional mineralised intrusions around Hemi in a similar setting.”