Ann: De Grey Identifies 50 kms of Under Explored Shear Zone-DEG.AX, page-28

Finally  got  around  to  summarising  the  doodledog  highlites  of  the  Announcement.

Exciting new 6 km x 2 km large gold target has been identified– Wallareenya – at
intersection of Tabba Tabba Thrust and Splay Structure.
De Grey is fortunate to control approximately 60 kms strike of TTT, most of which
remains to be fully tested.

This large regional scale structure and associated gold mineralisation represents a
major gold fluid pathway (“plumbing system”) and gold deposit host.
The Wallareenya anomaly  (where the nuggets were picked  up ) occurs at the intersection
of the Tabba Tabba Thrust with a NNE trending Splay Structure. This intersection of two
major regional scale structures is an encouraging location for prospective dilation features
that often host large gold deposits.

The  photos  of  the  nuggets  found  on  the  surface  at  Wallareenya  have  to  come  from
somewhere  and  they  havent  drilled  these  areas  yet.

It  gets  lost  in  the  diagrams  but  re  Edkins  results,  any  readings  above  20g/p/t  are
entitled  to  be  graded  as  Bonanza  gold.   
Also  Wingina  Well 2  result  of  4 metres  of  26.9g/p/t  is  bonanza  grade.   
Appreciate  that  most  mines  average  less  than  3g/p/t.

I  am  happy  to  hold  long  because  they  are  planning  the  mining  and  so  much
promise  remains  in  the  unexplored  vast  areas  undrilled.
The  last  2  reports  have  shown  very  good  gold  results  from  areas  that  were  known
to  be  silver,  zinc  and  lead  base  metal  zones.

We  have  now  applied  to  lease  the  zone  that  separates  the  two  areas  of  Gold  and
Base  metal  that  have  never  seen  a  drill  before.  This  area  is  in  line  with  the  trending
the  lithium  pegmatites  seem  to  occur  so  there  must  be  a  good  reason  to  lease  this
area.

   just  what  impresses  me............ Essential  to  DYOR  on  these  mining  stocks.