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- De Grey Mining (DEG) receives further results from its Eagle prospect at the Hemi Gold Discovery in Western Australia
- Mineralisation has been intersected for a strike of 950 metres, a width of 200 metres and a depth of 350 metres
- Grades peaked at 17.3 grams per tonne of gold (g/t) and extensions have been identified 160 metres west of the Eagle maiden mineral resource estimate
- Drilling is continuing to expand the mineralisation at Eagle beyond the resource towards the Antwerp deposit
- Shares in De Grey are down 2.31 per cent on the market and are trading at $1.06 at 11:28 am AEST
De Grey Mining (DEG) has received further results from its Eagle prospect at the Hemi Gold Discovery.
Hemi lies within the Mallina Gold Province which is 60 kilometres south of Port Hedland in Western Australia.
Mineralisation has been intersected for a strike of 950 metres, a width of 200 metres and a depth of 350 metres.
Best new results include 84 metres at 2.8 grams of gold per tonne (g/t) from 136 metres including nine metres at 17.3g/t gold from 168 metres; and 19 metres at 11.6g/t gold from 136 metres.
Furthermore, mineralisation was intersected between 100 metres to 200 metres south of the main Eagle lodes, demonstrating the potential for additional subparallel lodes in the area.
General Manager Exploration Phil Tornatora commented on the drilling program.
“Recent drilling at Eagle has significantly increased the scale of the mineralised intrusion to approximately 950 metres strike, 200 metres width and 350 metres depth. The system remains open,” Mr Tornatora said.
“Drilling is continuing to extend mineralisation and increase the resource confidence from inferred to indicated classification.”
Drilling is continuing to expand the mineralisation at Eagle beyond the resource towards the Antwerp deposit.
Shares in De Grey were down 2.31 per cent on the market and are trading at $1.06 at 11:28 am AEST.
