DEG 3.24% $1.35 de grey mining limited

Ann: Further impressive thick and high grade gold at Hemi, page-85

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  1. 493 Posts.
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    Hey big J.
    It's been a while. Great to hear from you.

    Kind of took a HC holiday during the doldrums...you can only watch paint dry for so long.
    I'm definitely re energized about the Hemi news and the prospectivity of upcoming drilling... should be some more excitement in store. No?

    This post from @HarryKane makes a lot of sense.

    The fluids containing the gold need pathways up from the molten core to get to the surface. Shear zones can provide those pathways.
    "Many large Archaean epigenetic gold deposits show a broad spatial relationship to regional lineaments in greenstone belts, although in detail they are sited in subsidiary brittle-ductile fault structures. Fluids, originating from a deep source, follow a complex path and re equilibrate with different lithologies and with metamorphic fluid during migration to higher crustal levels. Temperature and pressure conditions at or below the amphibolite/greenschist metamorphic boundary, where most gold deposits are located, favour the establishment of brittle-ductile and brittle subsidiary structures, the preferred structural setting of gold deposits."
    "Neither special Au-enriched source rocks nor unreasonably large volumes of greenstone belt are required to produce a giant gold deposit. Instead, the most critical parameters are suitable structural environments providing focussing of fluids and multiple channel ways through specific Fe-rich, low-tensile-strength host rocks to ensure efficient depositional mechanisms."



    I can't imagine amongst all the alterations in this image that there is not a decent gold resource to be found...I think DEG may have sniffed out a good one..

    And then there's this from @Karlos360



    That's a lot of sophisticated investors who have probably rode this down to the lobby with many here as well. Comforting to know that the big money has their eye on the big picture. This is a long play and not for the weak hearted. This current runup should present some attractive buying opportunities on pullbacks. Currently waiting for my next opportunity to top up.

    With regard the the Corona Virus, you know as I that there are posters on this channel who have business interests and family in that part of the world and travel frequently. I too pray for their well-being as well as all those who are affected. I also pray this is over soon so that the economic impact is not too great...you know how that can create a ripple effect world wide.
    Gotta go.

    Cheers
 
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