De Grey Mining Encounters Continued Sulphide Mineralisation at Hemi Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported new drilling assay results from the Brolga Zone within the company’s Hemi gold discovery, located near Port Hedland in Western Australia.

De Grey Mining said the recent drilling had encountered further encouraging sulphide mineralisation observed over large widths and depths.

The company carried out RC drilling on sections 30,560E and 30,720E, respectively located 80m east and 80m west of the original discovery section 30,640E.

The drilling has encountered similar sulphide rich mineralisation on both sections over substantial intervals while defining extensive sulphide mineralisation over 160 metres of strike length.

The company believes the latest gold intercepts continue to extend gold mineralisation on the discovery section 30,640E.

Latest results include:

13 metres at 1.9 grams per tonne gold from 36m (RC pre-collar only)

18m at 2.3g/t gold from 59m (RC pre-collar only)

16m at 2.6g/t gold from 104m in (RC pre-collar only)

“Step out drilling has confirmed immediate strike extensions of the Brolga Zone, providing encouraging indications for substantial potential along strike,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“The widths, grades and consistency of mineralisation intersected to date are very pleasing.

“Our geological model is evolving rapidly, and our confidence continues to grow that the strong sulphide rich mineralisation directly relates to gold.

“We have a large volume of assays in the lab and are continuing drilling with three rigs.

“We expect frequent news flow over the coming weeks as we progress drilling on this exciting new discovery.”