PriceSensitive

De Grey Mining (ASX:DEG) sees continued gold mineralisation at Brolga

ASX News, Mining
ASX:DEG      MCAP $2.406B
15 March 2022 09:44 (AEST)
De Grey Mining (ASX:DEG) - General Manager of Exploration, Phil Tornatora

Source: De Grey

De Grey Mining’s (DEG) latest drilling results show the continuity of gold mineralisation at the proposed Brolga stage one starter pit, located at Hemi, within the Mallina gold project in Western Australia.

The company has reported the latest infill drilling results from the Brolga zone, where drilling is being conducted as part of the pre-feasibility study of Mallina.

Results from the drilling include 193 metres at 1.7 grams per tonne of gold (g/t) from 40 metres, 123 metres at 1.9g/t gold and 140.2 metres at 1.3g/t.

Brolga was discovered, along with Diucon and Falcon, in the scoping study last October.

Currently, resource extension drilling to the southwest of the proposed Brolga starter pit is underway.

“These new resource definition drilling results at Brolga, including 193 metres at 1.7g/t gold in diamond drill hole HEDD218, successfully demonstrate the continuity of mineralisation within the proposed Brolga stage one starter pit and reduce project risk associated with early production,” General Exploration Manager Phil Tornatora said.

“Exploration drilling continues across both Greater Hemi and Regional areas. Resource definition drilling is nearing completion and rigs will then be targeting further resource extensional and discovery drilling within the Greater Hemi region.”

Just before the market opens for the day, De Grey last traded at $1.39 per share.

Related News