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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

 

De Grey Mining Extends Crow and Aquila Mineralisation

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported on drilling recently carried out at the company’s Hemi gold discovery, located south of Port Hedland in Western Australia.

De Grey Mining has been drilling on the Aquila and Crow zones that are located adjacent and to the north of the large Brolga intrusion at Hemi.

The company is continuing with extensional step out drilling in these two zones on a nominal 80m by 80m spacing to the northwest while infill resource definition drilling to a 40m by 80m spacing is continuing in the central and eastern portions of Crow.

Step out and infill drilling at Hemi is on-going and the latest results at Aquila and Crow continue to firm up areas of high-grade gold mineralisation (+2g/t) within a much larger and broader gold system.

High-grade gold was intersected at the eastern edge of Crow with mineralisation remaining open to the east.

Results on section 30520E include:

HERC342
17 metres at 12.9 grams per tonne gold from 91m, including 7m at 29.4g/t gold from 94m;

HERC343
5m at 7.4g/t gold from 139m, including 3m at 11.6g/t gold from 141m; and

HERC350
15m at 1.8g/t gold from 79m.

Depth and strike extensions were encountered at the southwestern portion of Crow where mineralisation remains open along strike and up and down dip.

Results on section 30080E include:

HERC246D
24.6m at 1.4g/t gold from 345m.

New results from Aquila extended mineralisation at depth and to the southwest, again mineralisation remains open.

Results include:

Section 30080E

HERC246D
24.6m at 2.7g/t gold from 244.36m, including 5m at 5g/t gold from 252m; and

Section 29920E

HEDD010
35.6m at 1g/t gold from 419m.

“The new results at Crow continue to demonstrate potential for higher grade lodes within the large, broad mineralised zones,” De Grey Mining managing director Glenn Jardine said in the company’s ASX announcement.

“The company recently announced extensions to the northwest of Crow.

“Potential also remains for extensions to the northeast and southwest.

“Wide spaced 80 by 80 metres extensional RC drilling continues in the northwest of Crow, with assay results awaited.

“Aircore drilling further to the west of the Crow intrusive has identified areas for follow up RC drilling.

“Drilling will continue at Crow to infill and expand the mineralised footprint.

“Drilling at the western end of Aquila continues and has extended mineralisation at depth and to the west toward Falcon.

“A broad mineralised zone is present at least 400 metres below surface that includes narrower high-grade intervals.

“Total metres drilled at Hemi now exceed 200,000 metres since the discovery in December 2019.

“Seven rigs are currently operating around Hemi in support of completion of a maiden resource by the middle of 2021.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

De Grey Mining Achieves High-Grade Gold Recoveries at Hemi

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported results from initial metallurgical testwork from the company’s Hemi gold deposit, located south of Port Hedland in Western Australia.

De Grey Mining undertook initial metallurgical testwork on mineralisation from the Brolga Zone, which achieved excellent gold recoveries of:

Oxide: 93 per cent based on CIL leach; and
Fresh: 96.3 per cent based on sulphide flotation, oxidation and CIL leach.

The company explained the testwork flowsheet comprised a conventional carbon in leach (CIL) circuit to treat oxide mineralisation.

“The gold recovery achieved in the initial metallurgical testwork of oxide, transition and fresh mineralisation at Brolga is very encouraging,” De Grey Mining managing director Glenn Jardine said in the company’s announcement to the Australian Securities Exchange.

“The testwork significantly de-risks the potential development of Hemi as a Tier 1 gold project in a Tier 1 jurisdiction.

“The testwork flowsheet used for Hemi can also be applied to De Grey’s other regional resources in the Mallina Basin.

“Hemi is a growing resource and contains a combination of oxide, transitional and fresh sulphide mineralisation.

“We will continue to increase our understanding of the scale and metallurgical properties of each of these domains across the deposit with ongoing testwork.

“Hemi’s excellent location, along a major transport, gas and power corridors, all within 60 kilometres of Port Hedland, is a major advantage for a Tier 1 gold resource and development project.”

The flotation circuit generated a gold-rich sulphide concentrate that was oxidised using pressure oxidation (POX) that represented approximately 10 per cent of the ore feed to the flotation circuit.

Oxidised flotation concentrate from the POX circuit was treated by CIL to recover gold.

The company indicated it would assess other methods of oxidation during ongoing test work.

 

TO READ THE ANNOUNCEMENT IN FULL: CLICK HERE

 

Email: admin@degreymining.com.au

 

Web: www.degreymining.com.au

 

De Grey Mining Hits Broad, High-Grade Extensions at Aquila

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported on progress of drilling underway at the Aquila Zone, located within the company’s Hemi gold discovery near Port Hedland in Western Australia.

De Grey Mining described Aquila as a parallel gold-sulphide zone located to the immediate north of the Brolga zone and adjacent to the new Crow zone to the north.

The company currently has RC and diamond core drilling in operation with three rigs operating between Aquila, Brolga and Crow testing for extensions of the gold mineralisation on an 80m by 80m basis.

A second RC rig is anticipated to arrive on site shortly.

The drilling at Aquila comprises step out drilling both along strike and at depth with the deeper drilling aiming to test approximately 80 to 100m below known mineralisation.

Drilling at Aquila extended 80m to the east on section 30,640E, returning results including:

HERC086
41 metres at 6.8 grams per tonne gold from 181m, including 14m at 10g/t gold from 206m (Hole ended in mineralisation); and

HERC085
16m at 1.6g/t gold from 144m.

Noteworthy depth extensions were also achieved, including:

HERC031D
69.5m at 1.3g/t gold from 80m; and

HERC093
30m at 1.7g/t gold from 125m.

Shallow high-grade RC results confirmed previous aircore drilling on section 30,000E:

HERC096
45m at 8.1g/t gold from 111m, including 16m at 13.2g/t gold from 114m (10gm lower cut); and

HERC095
49m at 3.4g/t gold from 49m, including 19m at 5.1g/t gold from 50m.

“At Aquila, we still have not reached the limits of mineralisation,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities exchange.

“Step out drilling shows we are still in strong broad and high-grade mineralisation along the length of the deposit.

“Deeper RC and diamond drilling is planned to target approximately 100 metres below mineralisation as well as further extensions along strike.

“We announced on Friday (5/6/20) that we would be increasing the number of aircore and RC rigs on site.

“This will allow us to expand aircore drilling coverage immediately around Hemi and at the other nearby intrusions including Scooby, Shaggy and Antwerp.

“The additional RC rig will allow us to follow up the positive aircore results that are extending mineralisation and to continue defining known mineralisation.

“Wide spaced aircore drilling is currently advancing to the west of Aquila.

“Aircore holes have intersected encouraging alteration approximately 500 metres to the west of Aquila.

“The alteration appears similar to alteration at Aquila.

“Samples from these aircore holes will this week be dispatched for assaying.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

De Grey Mining Declares Brolga as Major Extension to Hemi Gold Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported on recent drilling activities undertaken at the Brolga Zone, situated within the company’s Hemi gold discovery near Port Hedland in Western Australia.

De Grey Mining claimed aircore drilling aon the Brolhga Zone has defined a major extension, measuring approx. 1000 metres long by 200 metres, wide of the Brolga intrusion.

The company said the results achieved by the drilling to have enhanced potential to expand near surface open pit resources.

Results of initial shallow aircore holes include:

BWAC491
16 metres at 2.4 grams per tonne gold from 40m;

BWAC492
8m at 2.2g/t gold from 52m; and

BWAC493
4m at 5g/t gold from 60m.

Of note, the company is still to receive around 90 per cent of results from the new shallow aircore at Brolga.

Additional RC and diamond achieved results at Brolga include:

HERC036D
55.3m at 1.9g/t gold from 184.7m;

HEDD002
6.13m at 4.8g/t gold from 220m;

HERC034D
18.21m at 1.5g/t gold from 254.79m;

HERC050
2m at 10g/t gold from 161m; and

HERC052D
16m at 1.4g/t gold from 177m.

“Hemi continues to demonstrate potential to be a large scale, world class deposit and the project area continues to demonstrate its prospectivity for further discoveries,” De Grey Mining newly-appointed managing director Glenn Jardine said I n the company’s announcement to the Australian Securities Exchange.

“It has been a sharp learning curve at Hemi for the exploration team and this new discovery is a credit to their targeting from that learning.

“The new discovery appears to be analogous to the early stages of the initial Brolga discovery.

“We see a lot more value still to come for investors in De Grey.

“With this in mind, we are increasing our drilling effort from four rigs to six rigs during June.

“The focus of drilling will continue to be on defining the extent of known mineralisation at Hemi and new discoveries moving into the many regional intrusion and shear zone targets.

“To complement the scale and extent of near surface mineralisation at Hemi, the project is blessed with world class infrastructure.

“Everything that we need is on our doorstep including high voltage power, gas pipelines and major highways all within 25 kilometres of the project area and an hour drive from Port Hedland, a major transport and services hub.

“We are also highly encouraged to continue our early stage environmental, infrastructure and metallurgical studies.”

De Grey Mining has Hemi shaping up as a world class, large scale deposit where the company is continuing to drill in order to determine the extent of the Hemi mineralisation with the expectation that overall project resources will increase from the current 2.2 million ounces.

The company said it has at least four other look-alike intrusion targets already defined in the immediate region surrounding Hemi, three of which have known ore grade mineralisation.

A detailed airborne magnetic survey was recently completed and will be used to further improve and enhance targeting.

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

De Grey Mining Encounters Hemi Extensions

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) continues to grow the Hemi gold discovery at the company’s Mallina gold project in Western Australia.

The latest extension to Hemi has come at the Aquila zone by way of further wide, high-grade intersections.

Mineralisation at Aquila remains open at depth along a strike length of 850 metres.

Drilling completed by De Grey to date has demonstrated the overall scale and dimensions of the shallow gold mineralisation across the combined Aquila, Brolga and Crow gold system remains open and currently extends over 1000m in width, 850m in strike and 300m in depth.

The company is currently undertaking step-out extension drilling across all three deposits to extend the limits of mineralisation and to assess the potential for a large tonnage, low strip ratio open pit mining scenario.

Latest results from Aquila include:

HERC030D
139.5 metres at 0.7 grams per tonne gold from 103.89m;

HERC070
113m at 0.8g/t gold from 70m;

HERC039D
27m at 2.7g/t gold from 152m;

HERC041DW1
13.4m at 3.5g/t gold from 266.67m;

HERC042D
2m at 2.5g/t gold from 168m; and

HERC069
22m at 2.4g/t gold from 131m.

“The scale and dimensions of the near surface mineralisation at Hemi continues to impress,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“The size of Hemi continues to grow with every drill program and we are also confident that additional new discoveries will be made along this prospective corridor.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

De Grey Mining Confirms Crow as Large Gold System

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) has confirmed the Crow Zone at the company’s Hemi gold discovery in Western Australia as a third large gold system.

De Grey Mining completed six RC holes at Crow, five of which intersected broad scale, semi continuous gold mineralisation with narrower higher-grade intervals.

Results from the drilling include:

HERC045
63 metres at 0.9 grams per tonne gold from 26m;

HERC046
89m at 0.6g/t gold from 43m;

HERC047
14m at 0.7g/t gold from 169m;

HERC048
44m at 0.4g/t gold from 123m; and

HERC43
32m at 0.4g/t gold from 61m and 8m at 0.7g/t gold from 106m (previously reported within combined 70m at 0.3g/t gold).

“The potential for another large tonnage gold deposit similar to Brolga is very encouraging,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“These are the first 6 RC holes we have drilled into Crow.

“The results show an extensive plus-400 metres wide zone of semi continuous gold mineralisation throughout the entire intrusion from Aquila through to Crow.

“The alteration and gold mineralisation at Crow is similar to that seen at Brolga.

“Looking at the cross section, if the gold mineralisation at Aquila and Crow join at depth then we have a target larger than Brolga with a potential lateral width of plus-700 metres.

“Drilling is at an early stage and we look forward to further testing this potential.”

 

Email: admin@degreymining.com.au

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De Grey Mining Packs in $31.2M Raising

THE BOURSE WHISPERER: De Grey Mining (ASX: DEG) showed everybody how it’s done by announcing a raising of $31.2 million.

De Grey Mining made the announcement on the back of firm commitments received for the placement of approximately 111.4 million shares at a price of 28 cents per share to sophisticated, professional and other exempt investor clients of Bell Potter Securities Limited and Argonaut Securities Pty Ltd.

The company indicated it intends using the funds raised to continue exploration activities across the Mallina gold project, with a priority of work associated with determining the scale of the recently-discovered Hemi deposit, as well as for ongoing administration and corporate costs.

De Grey currently has two diamond rigs and one RC rig in operation at Hemi.

The new funds will allow resource drilling to continue at Hemi and also the recommencement of regional drilling programs targeting the other four intrusion targets at Scooby, Antwerp, Alectroenas and Shaggy.

Since announcing the Hemi discovery on 6 February this year, the company has been flooded with offers to assist in a capital raising or direct investment,” De Grey Mining executive chairman Simon Lill said in the company’s announcement to the Australian Securities Exchange.

“We recognised the opportunity to secure further funding and to build a strong register to assist with funding requirements into the future through the introduction of global blue chip gold only and resource funds.

“We chose to proceed with the Capital Raising once we were comfortable with the level of interest and are now extremely pleased to advise that many of the world’s top funds in this sector have joined our register.

“This is an extremely strong validation as to the quality of De Grey’s Hemi discovery and the Mallina gold project and to that end I would like to congratulate and thank the technical and support staff who have been part of making this possible.

“The recent Hemi discovery also highlights the outstanding exploration potential De Grey has across our tenements, with the market also now giving recognition to our existing 2.2 million ounces of resources.

“We thank the brokers, Bell Potter and Argonaut, for their efforts with this important raising, as well the ongoing support of our major shareholder, DGO Gold Limited.

“De Grey is now well funded to continue its exploration programs into the foreseeable future.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au

 

De Grey Mining Continues Hemi Growth

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) continues to increase the company’s recent Hemi gold discovery just outside of Port Hedland in Western Australia.

De Grey Mining has defined three broad anomalous gold in bedrock anomalies, Aquila, Brolga and Crow, by way of aircore drilling at Hemi.

The company has had RC and diamond drilling underway at Brolga and Aquila since February 2020, which has confirmed considerable gold mineralisation at both deposits.

At Brolga, the gold-sulphide mineralisation has been defined over 640 metres strike length, up to 300m width and to a maximum depth of approximately 300m.

Recent gold extensions defined by diamond and RC drilling at Brolga, include:

HERC035D
15 metres at 2.4 grams per tonne gold from 40m, and 38m at 1.6g/t gold from 168m; and

HERC037D (Precollar only)
29m at 1.1g/t gold from 148m.

Mineralisation remains open and further drilling is continuing to establish the extent of gold mineralisation.

Aquila is a parallel gold-sulphide zone to the immediate north of the larger Brolga zone.

RC and diamond drilling has also established gold mineralisation over a strike of 800m, up to 50m width and to a maximum depth of approximately 300m.

Recent gold extensions defined by diamond and RC drilling, include:

HEDD003
16.2m at 3.3g/t gold from 249.3m, 8.95m at 1g/t gold from 303m, and 6.2m at 2g/t gold from 344.8m;

HERC031 (EoH)
6m at 2.4g/t gold from 80m; and

HERC038
26m at 1.5g/t gold from 83m.

Gold mineralisation remains open.

The Crow Zone is a recently-define large gold zone located immediately to the north of Aquila where De Grey commenced deeper RC drill testing in April 2020.

Results for five of six holes remain pending and are expected towards the end of April.

Further RC and diamond drilling is ongoing to test the scale of each deposit with the overall aim to delineate the overall extent of each deposit prior to an initial Inferred resource estimation.

The overall scale of Hemi continues to grow, with three large gold zones in Aquila, Brolga and the new Crow defined to date,” De Grey Mining technical director Andy Beckwith said in the company’s announcement to the Australian Securities Exchange.

“Our immediate plans are to continue the 80m by 80m step-out resource drilling at all three areas Brolga, Aquila and Crow with one RC and two diamond rigs active.

“We have a further four other significant intrusions in the immediate area, Scooby, Antwerp, Shaggy and Alectroenas over a strike length of 15 kilometres still to test.

“The metallurgical program has commenced with an initial emphasis on defining the oxide, transition and fresh domains and completion of a suite of comminution, leaching, sulphide flotation and oxidation test work.

“We expect this work will provide overall recoveries for each domain and define a potential plant processing flowsheet.”

 

Email: admin@degreymining.com.au

Web: www.degreymining.com.au