De Grey Mining grows scale of Hemi gold discovery with Aquila extensions

De Grey Mining Ltd (ASX:DEG) continues to increase the overall dimensions of the Hemi gold discovery near Port Hedland in Western Australia with recent drilling extending the Aquila zone at depth and along strike.

The scale of Hemi continues to increase with overall dimensions growing to around 2.5 kilometres north to south and 2 kilometres west to east.

Recent reverse circulation (RC) and diamond drilling in the Aquila zone targeted the down dip and strike extensions to the deposit with new intercepts confirming consistent mineralisation and extensive thick plunging shoots of high-grade mineralisation occur over large portions of the strike length.

Shares have been up 9% intra-day to 79 cents and De Grey's market cap is approximately $865.3 million.

New results

The gold mineralisation remains open at depth and along strike with new drilling results including:

  • 39 metres at 3.2 g/t from 180 metres, including 17.6 metres at 4.6 g/t from 195.7 metres;
  • 31.8 metres at 2 g/t from 180 metres;
  • 23 metres at 2 g/t from 246 metres; and
  • 33 metres at 1.1 g/t from 151 metres.

The Aquila strike potential is now 1.6 kilometres long with shallow RC drilling continuing to test mineralisation along strike to the west and east to around 200 metres below surface.

“Aquila continues to grow”

Technical director Andy Beckwith said: “Aquila continues to grow as we extend drilling laterally and at depth. Mineralisation remains open in all directions with limits yet to be defined.

“Follow-up RC drilling will commence shortly on completion of drilling at Crow and deeper step-out diamond drilling is underway with the core showing further zones of Read More – Source