DEG 7.42% $1.23 de grey mining limited

Ann: Trading Halt-DEG.AX, page-57

  1. 2,323 Posts.
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    In  the  report, “De Grey Identifies 50 kms of Under Explored Shear Zone”, on  the
    23  September  2016  where  the prospector  was  hired  to  metal  detect  and  many  nuggets
    were  found  at  Wallerinya.   It  is  located  directly  above  the O  in Orchard  Tank  on  figure
    1 on  page  5  of  same  report.  Where  the  blue  25  km  circle  is  drawn
    (indicating  25  km  from  Wingina  proposed  mine  site)  as  it  crosses  the  red  zone
    indicating  the  Tabba  Tabba  Thrust.......TTT  gold  zone.
    In  that  report  they  went  on  about  this  new  zone  holding  much  promise  and  located
    the  pans  full  of  nuggets.   DEG  also  made  the  point, ‘this  area  had  never  been  drilled’.

    Recently, De Grey engaged a local prospector to test a portion of the anomaly with a metal
    detector. A collection of small gold nuggets as shown in Figure 3 were discovered, highlighting
    the potential of the area. The nuggets generally occur with quartz veining and are interpreted
    to have not travelled far due to the sharp, angular and non-rounded nature.

    Further detailed infill geochemistry and subsequent aircore drilling is currently planned
    as a
    priority for this area.

    My  personal  opinion  is  that  they  have  concentrated  on  this  zone  and  the  TH  has  to  
    do  with  this  area. At  least,  doodledog  thinking  is  they  would  be  silly  to  find  this  
    area  with  so  many  nuggets,  an  intersection  of  two  gold  bearing  thrust  zones,  rave  
    about  it  in  a  report  then  go  look  in  another  area.


    I  can  speculate  heaps  and  draw  all  sorts  of  great  conclusions  but  I  will  settle  for
    highlighting  my  theory  and  let  each  do  his  own  homework,  or  not.

    Hangin  for  Tuesday  guys.  Allow  for  the  fact  there  are  many  millions  of  shares  out  there.
 
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Last
$1.23
Change
0.085(7.42%)
Mkt cap ! $2.948B
Open High Low Value Volume
$1.20 $1.23 $1.19 $11.98M 9.913M

Buyers (Bids)

No. Vol. Price($)
4 90825 $1.22
 

Sellers (Offers)

Price($) Vol. No.
$1.23 141096 16
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