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De Grey Mining Drills Energising Results at Diucon

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported exploration results from the Diucon deposit at the company’s Hemi gold project in Western Australia.

Diucon is located immediately to the west of Crow and presents a potential geological link between the Crow and Antwerp intrusions.

De Grey said the gold mineralisation at Diucon shows similar alteration and sulphide development as seen at the adjacent Aquila, Brolga, Crow, Falcon and Eagle deposits.

Extensional Results

Section 28720E

HERC442D
173.7 metres at 1.5 grams per tonne gold from 271.3m; 80m below the current resource

HERC851D
99m at 1.1g/t gold from 256m and 173m at 1.6g/t gold from 366m; 160m below the current resource

Section 28880E

HERC460D
108.4m at 0.8g/t gold from 280.72m. 80m below the current resource

Infill Results

Section 28720E

HERC441D
58.7m at 2g/t gold from 224m; (partially previously reported)

Section 28800E

HERC476D
88m at 1.9g/t gold from 256m; and

HERC458D
87.0m at 1g/t gold from 180m and 42m at 4.2g/t gold from 278m.

“The new drilling results at Diucon provide clear evidence that increases to the current Hemi resource can be expected with further drilling,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The higher grades zones within these broad gold zones are also encouraging, as we continue to extend mineralisation to the west and conduct closer spaced drilling within the existing resource footprint.

“The mineralised intrusion on Section 28720E widens at depth.
“Step out drill hole HERC889D is currently in progress, targeting a further 160 metres beneath HERC851D.

“This well mineralised section remains entirely open to the west and depth.

“The mineralised intrusion at Diucon was intersected in RC and diamond drilling beneath unmineralised sediments previously intersected in shallow aircore drilling.

“This aspect provides encouragement for discovering additional mineralised intrusions around Hemi in a similar setting.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

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De Grey Mining Bolsters Mallina Gold Project with Hemi Resource

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported an increase in the Mineral Resources Estimate for the company’s Mallina gold project (MGP) near Port Hedland in Western Australia.

De Grey has taken the MRE from 2.2 million ounces to 9 million ounces, thanks mainly to the company’s 6.8 million ounces Hemi discovery Maiden Mineral Resource.

The total JORC Code 2012-complaint Mineral Resource Estimate for Hemi currently stands at 192 million tonnes at 1.1 grams per tonne gold for 6.8 million ounces.

This breaks down to an Indicated Resources of 66 million tonnes at 1.3g/t gold for 2.8 million ounces and Inferred Resources of 127 million tonnes at 1g/t gold for 4 million ounces.

“Hemi is an exceptional new Western Australian gold discovery which is redefining the gold potential of the Pilbara and has changed the future for De Grey and our shareholders,” De Grey Mining technical director Andy Beckwith said in the company’s ASX announcement.

“De Grey’s exploration team has taken Hemi from discovery to a Tier 1 scale 6.8 million ounces gold deposit in a short timeframe.

“RC and diamond drilling commenced only 15 months ago and further extensions are expected at each deposit as drilling continues.

“Twelve drill rigs are currently focused on expanding Hemi as well as testing numerous targets within our large 100 per cent-owned, 150 kilometres long land package.

“I have no doubt we will be drilling and finding additional resources for many years to come.”

The inclusion of the Indiacte 2.8 million ounces of Hemi has taken the Measured and Indicated Mineral Resources across the MGP to 3.8 million ounces at 1.4g/t gold.

De Grey believes these Mineral Resources provide a strong platform for a scoping study targeted for completion in the September quarter 2021.

The company considers there to be potential for the maiden Hemi and Global MGP Mineral Resources to grow along strike and at depth.

“The company has delivered on its commitment to deliver a maiden Hemi Mineral Resource to shareholders by mid-2021,” De Grey Mining managing director Glenn Jardine added.

“The 6.8 million ounces Hemi Mineral Resource is substantial and exceeds our initial expectations.

“We are committed to increasing the resource base with ongoing drilling programs.

“Project studies, including metallurgy, geotechnical, mining, environmental, infrastructure and hydrogeology are continuing in parallel with the exploration drilling.

“These studies aim to provide information to define the development and production opportunities this scale of resource brings.

“The company expects to be able to provide production potential for Hemi and the overall Mallina gold project to shareholders in the September quarter 2021 through the completion of a scoping study.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

De Grey Mining Claims New Gillies Gold Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) claimed a new gold discovery, located 30 kilometres southwest of the company’s Hemi gold discovery in Western Australia.

De Grey Mining identified a new shear hosted gold target via broad spaced RC drilling at the Gillies prospect, situated within the Farno Joint Venture.

De Grey undertook the drilling to increase its equity from 30 per cent to 75 per cent interest in the JV that involves tenement E47/2502 where De Grey is manager with TSX-listed Novo Resources Inc (TSX: NVO) its 25 per cent partner.

A follow-up RC drilling program is already planned for Q2 2021 along with additional aircore drilling is planned to test numerous bedrock gold anomalies, including several Hemi style intrusion targets within the Farno JV.

“Gillies is shear zone hosted, similar to Withnell, Wingina, Mallina and Mt Berghaus, which make up a significant portion of the company’s regional 2.2 million ounce existing endowment,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“Exploration within the Farno JV area is at a very early stage however this new gold system provides strong evidence on the potential of the region.

“De Grey has formed a dedicated regional exploration team which is preparing for the company to restart exploration outside of the Greater Hemi area, in parallel with extensional and exploration work within the Greater Hemi area.

“We anticipate following up the Gillies discovery hole in the next quarter.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

De Grey Mining Continues Crow/Aquila Expansion

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has drilled further growth at the Crow and Aquila zones within the company’s Hemi gold discovery, south of Port Hedland in Western Australia.

Drilling at the Crow zone expanded the main lode – McLeod – that is now identified over 600 metres strike, 300m depth and up to 60m true thickness and remains open.

New results in the McLeod lode at Crow include:

HERC607
33 metres at 4.9 grams per tonne gold from 171m, including 11m at 12.1g/t gold from 171m;

HERC039D
24.8m at 2.1g/t gold from 308.19m;

HERC355
7m at 3.9g/t gold from 215m; and

HERC611
18m at 1.3g/t gold from 55m.

Additional new intercepts in other lodes at Crow returned:

HERC535
6m at 6.9g/t gold from 57m;

HERC623
18m at 3.4g/t gold from 210m; and

HERC310D
14.3m at 2.9g/t gold from 239.5m.

Drilling at the Aquila zone has defined over 800m strike and recent results have highlighted plunging higher-grade shoots at the eastern and western ends of the intrusion.

New extensional results include:

HEDD012
52.2m at 2g/t gold from 519.83m, including 15.3m at 4.5g/t gold from 556.68m;

HERC208D
12m at 3.6g/t gold from 371m including 0.5m at 71.3g/t gold from 374.77m, and 27.1m at 1.2g/t gold from 405m that intersected the eastern end of the McLeod Lode; and

HERC250D
24.6m at 1.7g/t gold from 293.2m.

“The large Crow/Aquila gold system continues to expand and be defined across multiple stacked subvertical lodes,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The dominant lodes of McLeod and Aquila are oblique to each other, intersect at the eastern end and are expected to support a combined open pit scenario.

“Both lodes demonstrate high-grade mineralisation that should also provide underground mining potential below any open pit mining limits.

“The ongoing systematic infill RC drilling program at Crow has improved our understanding of the continuity of mineralisation.

“Step out drilling continues to extend mineralisation at all zones at Hemi.

“RC drilling also continues at the recently discovered Diucon and Eagle zones to the immediate west.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

 

De Grey Mining Defines Depth Extensions and New Footwall Lodes at Falcon

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has defined further mineralisation at the Falcon intrusion, part of the company’s Hemi gold discovery in Western Australia.

De Grey Mining reported the mineralisation has been defined over a strike length of approximately one kilometre and is associated with highly brecciated and extensively sulphide altered portions of the north-south orientated subvertical intrusion.

The company said the style and intensity of alteration and brecciation is similar to its nearby Aquila deposit.

The latest results include:

HERC400DW1
55 metres at 1 gram per tonne gold from 263m and 16.5m at 1.1g/t gold from 324.5m − within an overall zone of 111.2m at 0.8g/t gold from 239.8m.

The company explained this to be currently the deepest hole showing mineralised intrusion that extends to 450 below surface.

HERC401D
24m at 0.9g/t gold from 302m and 12.5m at 1.3g/t gold from 331m − within an overall interval of 57m at 0.8g/t gold from 299m.

“The latest extensional drilling at Falcon demonstrates the increasing scale of the zone with mineralisation now intersected over one-kilometre strike and over 350 metres in depth,” De Grey Mining general manager exploration Phil Tornatora said in the company’s ASX announcement.

“New 160 metres spaced step out diamond drilling is underway to extend mineralisation to approximately 450 metres depth.

“The intrusion is increasing to approximately 100 metres thick at depth and multiple new footwall lodes are beginning to develop.

“Infill drilling is also providing confidence in the continuity and consistency of gold mineralisation.

“Falcon is open at depth and deeper step out diamond drilling is being prioritised to test this potential.

“These recent results, and further depth extensions, have the potential to significantly increase the already substantive gold endowment at Falcon.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

De Grey Mining Metallurgic Testwork Confirms High Recoveries

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported results from a metallurgical testwork program undertaken at the company’s Hemi and regional deposits, south of Port Hedland in Western Australia.

De Grey Mining is conducting a comprehensive metallurgical testwork program across each of the mineralised zones at Hemi (Brolga, Aquila, Crow and Falcon) and the regional deposits of Mallina and Withnell.

The other main regional deposits of Toweranna and Wingina are free milling and will be able to be treated through a conventional CIL circuit.

Gravity testwork on three composite samples from Brolga achieved gold recoveries of 12.4 per cent, 27.3 per cent and 12.1 per cent as gravity testwork continues on samples from Aquila, Crow and Falcon.

Overall gold recoveries of 95 per cent have been achieved on samples from Brolga using a flowsheet combining gravity, flotation/oxidation and CIL in initial testwork to date.

“The results from our ongoing metallurgical testwork program continue to give us confidence in the multiple pathways we have to achieve high gold recoveries from Hemi and the regional deposits at Mallina,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“Each of the potential oxidation processes delivered high recoveries, with POX and Albion® the standouts respectively at 97 per cent and 98 per cent.

“Further testwork and trade off studies underway will enable us to optimise the various aspects of our metallurgical program in terms of capital, operating costs, recoveries and operability.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

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

 

De Grey Mining Claims Two More Hemi Gold Discoveries

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) appears to have done it again with the claiming of two new gold discoveries at the company’s Hemi gold project located south of Port Hedland in Western Australia.

De Grey Mining announced the discovery of two new mineralised intrusions immediately west of Crow, at Hemi.

The new discoveries, Diucon and Eagle, are located immediately west of Crow along the SW-NE trending structural corridor running from Scooby to Antwerp.

Recent aircore and RC drilling defined two new zones of gold mineralisation over approximately one kilometre and 500 metres of strike respectively.

The company noted the intrusions are not highlighted by any magnetic signature, which it said leaves large scope to define further non-magnetic intrusions throughout the region.

Gold mineralisation was intersected in first pass aircore and RC drilling, including:

Diucon intrusion initial RC drill results include:

HERC382
99 metres at 1 gram per tonne gold from 114m (at a 0.3g/t lower cutoff), including 19m at 2g/t gold from 158m, 6m at 4.5g/t gold from 186m and 9m at 1.3g/t gold from 204m; and

HERC435
29m at 1.1g/t gold from 55m in (at a 0.3g/t low cutoff) including 10m at 2.6g/t gold from 74m

An encouraging gold zone was identified in aircore drilling over approximately 1km in strike and 300m wide.

The strongest gold mineralisation appeared at the western end from 40m to 200m depth and remains open to the west and at depth with further RC drilling underway.

Eagle intrusion results from the first two RC holes at Eagle include:

HERC377
68m at 0.7g/t gold from 50m (at a 0.3g/t lower cutoff), including 3m at 1.3g/t gold from 51m and 6m at 2g/t gold from 78m and 18m at 1.3g/t gold from 96m.

“Systematic aircore drilling around Hemi has discovered two new mineralised intrusions: Diucon and Eagle,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The initial follow up RC drilling has intersected broad zones of shallow gold mineralisation.

“Wide spaced drilling is at an early stage and both intrusions remain open along strike and at depth.

“Follow up RC drilling will continue with the aim to delineate the extent and continuity of gold mineralisation in both intrusions.

“Potential exists to define new resources to add to the existing gold endowment at Hemi.

“Systematic aircore drilling continues in the Greater Hemi area.”

 

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

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

 

Web: www.degreymining.com.au

 

De Grey Mining Hits Depth Extensions and Visible Gold at Falcon

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported a drilling update from the Falcon zone within the company’s Hemi gold discovery near Port Hedland in Western Australia.

De Grey Mining carried out aircore drilling at the new Falcon intrusion, located approximately 600 metres west of the Brolga deposit and immediately south of the Aquila deposit.

The drilling encountered a broad mineralised zone extending from 800m to more than 1,000m along strike and 300m below surface at Falcon.

Results include:

HERC296
31 metres at 3.3 grams per tonne gold from 101m.

Tis intersection was achieved 50m downdip of a previous intersection of 50m at 3.3g/t gold from 50m in HERC265.

Mineralisation is interpreted to remain open across strike and down dip.

Elsewhere 42m of sulphide altered intrusion containing visible gold was intersected in HERC402D, extending mineralisation 50m – 100m below a previous intersection of 25m at 2.2g/t gold from 124m in HERC256.

Mineralisation is open down dip of HERC402D and up dip of HERC256.

Other intersections encountered along the mineralised zone include:

HERC414
74m at 0.9g/t gold from 88m and 31m at 1.3g/t gold from 209m; and

HERC412
32m at 2.4g/t gold from 43m and 8m at 5.5g/t gold from 99m.

De Grey claimed the intrusion to be now defined by aircore drilling over approximately three kilometres in strike.

Strong mineralisation has been defined over a strike length of approximately 1km with bedrock mineralisation covered by approximately 30m to 40m of transported material, similar to the Aquila, Brolga and Crow deposits.

“Falcon was identified as a separate intrusion zone at Hemi in September,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The company has been following up the initial positive shallow aircore drill results with infill and extensional RC and diamond drilling.

“The latest results demonstrate the gold endowment of this zone along a strike of 1,000 metres and to a depth of at least 300 metres.

“Mineralisation remains open down dip, along this strike and up dip on some sections.

“Falcon has the potential to provide an important contribution to the overall gold endowment at Hemi.

“Extensional RC and diamond drilling will remain a focus at Falcon.

“The company has seven drill rigs operating on site; two aircore rigs, three RC rigs and two diamond rigs.

“A third diamond rig is being mobilised and is expected to commence by early December.

“As well as delineating the existing zones at Hemi, aircore and RC drilling is now progressively expanding to known and new intrusive targets in the Greater Hemi area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au