De Grey Mining Drills Near Surface High-Grade Depth Extensions at Falcon
THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported its latest gold hits, this time emanating from resource definition and extensional drilling on the Falcon deposit at the company’s Hemi gold discovery.
De Grey Mining declared the gold mineralisation at Falcon shows similar alteration and sulphide development that has been seen at the adjacent deposits of Aquila, Brolga, Crow, Diucon and Eagle.
The mineralised intrusion at Falcon has now been intersected to approximately 1km along strike and 600 metres below surface with mineralisation remaining open at depth and to the south.
Resource definition (infill) drilling intersected strong mineralisation within the scoping study pit design. New results include:
HERC725
28 metres at 8.8 grams per tonne gold from 39m, including 3m at 66.5g/t gold from 46m;
HMRC253
108m at 1.3g/t gold from 192m; and
HERC585D
101.8m at 1g/t gold from 166m.
New extensional results beneath the scoping study pit design include:
HEDD050
52m at 1.2g/t gold from 404m; and
HEDD051
43.8m at 1g/t gold from 474.2m.
“Resource definition and extensional drilling at Falcon are respectively increasing the confidence level of the resource and extending mineralisation below the scoping study open pit design,” De Grey Mining managing Director Glenn Jardine said in the company’s ASX announcement.
“Resource definition drilling is being conducted at Falcon and other zones at Hemi to increase the proportion of JORC Indicated mineralisation.
“Extensional drilling has confirmed that mineralisation remains open at depth and along strike to the south of Falcon.
“Drilling has recently been weighted to resource definition drilling to maximise the production target for the PFS.”
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