DEG 4.59% $1.14 de grey mining limited

Ann: RC drilling program commences at 1.2Moz Pilbara Gold Project, page-50

  1. 295 Posts.
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    There was a lot of hype talk about Blue Moon prior to the drill results being released, for what was very poor drill results.
    Here we are, prior to the drill results from Mt. Berghaus and there is no talk - no hype. Funny how things work out - I speculate they are going to be awesome results.
    I was going back through some for the history on the ASX announcements on Mt. Berghaus and thought I might share it.

    Going way back to May 2014:
    Rugby’s CEO, Paul Joyce stated “Following our recent option to acquire 80% of the Great Northern Project we have moved quickly to drill test and expand the potential of the project. Our initial diamond drilling will be focused at the Berghaus prospect to north of the main Wingina resource. We will also test other early stage geochemical targets with reverse circulation drilling. Our intention is to target high grade mineralisation on the property.

    November 2016:
    Started a 5000m RC drilling programme Nov 2016 with a known JORC inferred resource of 43000 tons AU.

    Along with some rock chip samples:
    Rock chip samples returned high grade gold results, with assays including 62.5g/t, 34.1g/t, 29.8g/t and 16.2g/t. Thirty one (31) rock chip samples were taken during the program and returned an average grade of 7.11g/t Au.

    Results from the drilling:
    Mt Berghaus Gold Resource Trebles Increases by 98,000oz to 141,000oz

    Andy Beckwith commented:
    Clearly, this is an under-drilled and large gold system within the highly prospective Mallina Shear Zone.

    Also it was announced early 2017:
    Mineralisation remains open in many areas along the 5km mineralised system – significant potential for further resource increases to be tested in 2nd Quarter 2017.
    (- However. They got busy on others things like the acquisition of Indee Gold and this did not happen, till now May 18)

    So just saying, as a share holder the up coming drill results from Mt. Berghaus alone could be well worth looking forward to.
 
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