De Grey Mining Releases Further Hemi Hits

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) kept the good news rolling with further results from follow up aircore drilling at the newly discovered Hemi prospect within the company’s Pilbara gold project located just outside Port Hedland in Western Australia.

De Grey Mininig said the latest drill results correlate very well with previously reported gold mineralisation, confirming a substantial steeply south dipping zone of high-grade gold mineralisation.

This mineralisation is defined as 30 metres wide (apparent thickness), and extends to 130m below surface, remaining open at depth and along strike.

The weighted average grade of all results within the mineralised envelope on Section A is 5.2 grams per tonne.

New results on Section A include:

44 metres at 5.1 grams per tonne gold from 40m, including 13m at 8.8g/t gold; and

46m at 6.6g/t gold from 92m, including 21m at 8.3g/t gold;

The company indicated the above results correlate strongly with its results announced earlier this month of:

24m at 7.5g/t gold from 126m, including 18m at 8.6g/t gold (EOH);

49m at 3.7g/t gold from 65m, including 18m at 6.6g/t gold;

36m at 4g/t gold from 39m, including 11m at 8.9g/t gold.

“These are stunning results – high grade, thick and consistent,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“Clearly, drilling below this zone and the mineralisation on Section B are two key high priority RC targets.

“We are looking forward to receiving the remaining aircore drilling results and re-commencing drilling activities now the cyclone has dissipated.”