De Grey Mining Hits Consistent Gold at Falcon
THE DRILL SERGEANT: De Grey Mining (ASX: DEG) received further good news from drilling undertaken at the company’s Hemi gold discovery in Western Australia.
De Grey Mining’s latest drilling concentrated on the Falcon prospect, utilising step out and infill RC and diamond drilling.
Results demonstrate consistently thick zones of gold mineralisation up to 80m wide, 350m down dip and over 1km in strike with mineralisation open at depth along the entire strike.
De Grey indicated drilling will continue to expand the mineralisation at Falcon to define a resource in mid-2021.
RC drilling is continuing on an 80m by 40m pattern, with diamond tails to test mineralisation at depth.
Drilling highlights include:
HERC424
92m at 1.3 grams per tonne gold from 124m. This hole was 50m up dip of a previous intersection of 92m at 1.3g/t gold encountered in HERC233D.
HERC421
67m at 1.6g/t gold from 119m – within an overall interval of 93m at 1.2g/t gold from 110m
HERC402D
66.7m at 1.4g/t gold from 198.3m – within an overall interval of 145.7m at 0.9g/t gold from 198.3m. Visible gold was previously reported in HERC402D
HERC425
25m at 2.1g/t gold from 268m – within an overall interval of 90m at 1g/t gold from 210m – The hole ended in a mineralised horizon – a diamond tail follow-up is planned.
HERC299DW1
20.9m at 1.9g/t gold from 369m – within an overall interval of 133.4m at 0.7g/t gold from 256.5m − Mineralisation tested to approximately 350 vertical metres and remains open at depth.
HERC426
6m at 5.9g/t gold from 99m.
De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.
“The latest results at Falcon demonstrate the consistently high gold endowment of this zone along a strike of 1,000 metres and to a depth of at least 350 metres.
“Mineralisation remains open down dip, along this strike and up dip on some sections.
“Drilling will continue to expand the mineralisation at Falcon to define a resource in mid-2021.
“The company has recommenced its drilling program with eight drill rigs operating on site – two aircore rigs, three RC rigs and three diamond rigs.
“As well as delineating the existing zones at Hemi, aircore and RC drilling is progressively expanding to known and new intrusive targets in the Greater Hemi area.
“Aircore and RC drilling to identify new zones outside Hemi is currently focused to the north and west of Crow.”
TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE
Email: admin@degreymining.com.au