- De Grey Mining’s (DEG) latest infill results return thick mineralised intervals from the Brolga Stage 1 Pit at the Mallina Gold Project in WA
- Drilling was conducted as part of a prefeasibility study, with infill results including 80 metres at 1.6 grams per tonne (g/t) gold from 36 metres
- Infill drilling at Brolga is scheduled to continue until the end of 2021 to meet study requirements, with extensional drilling to follow
- De Grey Mining last traded at $1.16 on November 10
De Grey Mining’s (DEG) latest infill results have demonstrated thick mineralised intervals from the Brolga Stage 1 Pit at the Mallina Gold Project in WA.
The resource infill drilling at the Brolga zone was being conducted as part of a prefeasibility study.
The Brolga prospect had previously been identified as one of the early production sources for the project in a scoping study, along with Diucon and Falcon.
Resource infill drilling at Brolga focused on the Stage 1 Pit, used as a risk control exercise for early production. The maiden mineral resource contained within the Brolga Stage 1 pit comprised 1.29 million ounces at 1.3 grams per tonne (g/t) gold.
New infill results include 80 metres at 1.6 g/t gold from 36 metres, and 93 metres at 2.2 g/t gold from 43 metres.
De Grey’s General Manager of Exploration Phil Tornatora said infill drilling is working to reduce the project risk associated with early production.
“These new resource infill drilling results successfully demonstrate the continuity of mineralisation within the proposed Brolga Stage 1 pit,” Mr Tornatora said.
“The 40m x 40m drill spacing at Brolga is expected to provide a high level of confidence in the early production from Brolga.”
The drilling will continue during the prefeasibility study to lift the resource classification from JORC Inferred to Indicated at both Diucon and Eagle.
Infill drilling at Brolga is scheduled to continue until the end of 2021 to meet requirements, with extension drilling to follow.
Shares in De Grey Mining are up 1.3 per cent to $1.17 at 10:48 am AEDT.