Australia

De Grey Mining shares hit new high on further broad high-grade gold hits at Hemi Prospect

De Grey Mining Ltd (ASX:DEG) has revealed further outstanding results from follow-up aircore drilling at the newly discovered Hemi Prospect within the Mallina Gold Project in WA.

Additional thick and high-grade gold mineralisation intersected on Section A consolidates a significant 30-metre wide gold zone to 130 metres depth, open in all directions. New results include:

  • 44 metres at 5.1 g/t gold from 40 metres in BWAC320, including 13 metres at 8.8 g/t; and
  • 46 metres at 6.6 g/t gold from 92 metres in BWAC321, including 21 metres at 8.3 g/t.

Hemi Prospect – Section A

These results correlate strongly with previously reported results on Feb 6, 2020, including:

  • 24 metres at 7.5 g/t gold from 126 metres in BWAC315, including 18 metres at 8.6 g/t (end of hole); and
  • 49 metres at 3.7 g/t gold from 65 metres in BWAC309, including 18 metres at 6.6 g/t.

Mallina Gold Project showing main gold deposits and the Hemi Discovery

De Grey technical director Andy Beckwith said: “These are stunning results – high grade, thick and consistent.

“Clearly, drilling below this zone and the mineralisation on Section B are two key high priority RC targets.

“We are looking forward to receiving the remaining aircore drilling results and re-commencing drilling activities now the cyclone has dissipated.”

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