Announcement Date: 2022-08-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: De Grey Mining Ltd.
Project name: Mallina
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 359.4m @ 1.2g/t Au from 530m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: De Grey Mining Limited (ASX: DEG, “De Grey” or the “Company”) is pleased to report these latest resource extension and infill drilling results from the Diucon deposit at Hemi. Diucon is located in the west of Hemi as shown in Figure 1. Shallow mineralisation remains open to the west of Diucon and Eagle deposits towards anomalous gold intersections at Antwerp. The Diucon mineralised intrusion has been intersected in drilling completed after the May 2022 MRE in HEDD128 over a true thickness of approximately 300m and approximately 200m below the May 2022 MRE (Figure 2). The new intersection occurs from 450m to 700m vertical depth and represents one of the best and deepest intercepts drilled at Hemi. There is potential to extend mineralisation along strike and down plunge to the southwest. Intrusion hosted mineralisation on Section 28640E (Figure 2) occurs beneath lightly mineralised sediments that extend to a depth of approximately 100m. This demonstrates the potential for the discovery of significant zones of hidden intrusion hosted mineralisation at Hemi and Greater Hemi. Figure 3 is an isometric view of the Diucon deposit showing the location of the new intercept HEDD128 and the open target area where a series of diamond holes are planned to scope out the potential scale of resource extension at Diucon.
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