De Grey Mining Lights Up Scooby and Antwerp Gold Potential

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has been encouraged by recent drilling activity at the Greater Hemi Intrusion targets, surrounding the company’s Hemi gold discovery in Western Australia.

De Grey has been undertaking exploration within the Greater Hemi area using systematic aircore drilling, geophysical and geochemical techniques to identify mineralised intrusions based on recent experience from the Hemi discovery.

Between January 2020 and early February 2021, the company has drilled 2,135 aircore holes.

A combination of these exploration approaches is being used to identify and prioritise high prospectivity targets for follow up RC drilling at the Scooby and Antwerp targets.

The recent results include:

Scooby

Shallow gold intercepts in aircore include:

BXAC437
3 metres at 97.4 grams per tonne gold from 45m, including 1m at 264g/t gold from 45m;

BWAC630
10m at 2.1g/t gold from 48m;

BWAC635
3m at 1.5g/t gold from 48m; and

BXAC436
2m at 4.8g/t gold from 39m.

Antwerp

Results followed on from previously reported shallow gold mineralisation results, including the intersection of quartz veined and altered intrusion in limited shallow RC drilling.

New results include:

HERC146
6m at 1.4g/t gold from 62m; and

HERC146
3m at 1.1g/t gold from 96m.

De Grey considers potential exists for Antwerp to link with the recently discovered Eagle zone.

“Recent exploration activities at Scooby and Antwerp have identified widespread gold mineralisation in aircore drilling warranting follow-up RC drilling,” De Grey Mining technical director Andy Beckwith said in the company’s ASX announcement.

“This drilling will commence in the near future in parallel with resource delineation and extension drilling at Hemi, including at the recently discovered Diucon and Eagle zones.

“The new IP target coincident with gold and arsenic mineralisation at Scooby are encouraging.

“The IP results potentially provide a new tool to identify and prioritise targets beneath the transported cover.

“Diucon, Eagle and Antwerp will be our next priority IP areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au