De Grey Mining Extends Strike and Depth at Diucon
THE DRILL SERGEANT: De Grey Mining (ASX: DEG) maintained its RIU Explorers Conference pace by reporting the latest resource extension and infill drilling results from the Diucon deposit at the company’s Hemi gold discovery in Western Australia.
According to De Grey the new results at Diucon, which is located in the west of Hemi, have extended mineralisation by approximately 120 metres along strike and 400m down plunge to the west of the May 2022 mineral resource estimate (MRE).
Diamond drill hole HEDD136 intersected:
75 metres at 1.1 grams per tonne gold and 72.3m at 1.4g/t gold, including:
15.1m at 1.6g/t gold from 599m;
53.4m at 1.4g/t gold from 654.2m;
14.1m at 3.1g/t gold from 750m; and
12.6m at 2.8g/t gold from 779.7m.
Mineralisation intersected in HEDD136 remains open in all directions, including up-dip, and to the west toward the Antwerp target, from where De Grey has previously released encouraging results.
Mineralisation at Diucon has now been intersected for approximately 560m along strike, to a depth of approximately 900 vertical metres and remains open.
Mineralisation on some sections attains a width of 300m over multiple lodes.
“Wide-spaced drilling down plunge to the WSW of the current Diucon resource has demonstrated that the Diucon mineral system is open in this direction,” De Grey Mining general manager exploration Phil Tornatora said in the company’s ASX announcement.
“Drilling is still very widely spaced and significant intersections are being returned from holes such as HEDD136 and HEDD128. This work has strong potential to extend Diucon’s current 1.6 million ounces mineral resource.
“Higher grade zones, often showing visible gold in quartz continue to support the potential for underground mining below open pit depths.
“In addition to diamond holes to follow up deeper mineralisation, shallow RC drilling is planned west of Diucon to follow up significant results from aircore and RC drilling at Antwerp.”
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