DEG 1.65% $1.19 de grey mining limited

Ann: Further High Grade & Expanded Footprint at Hemi, page-397

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    This image is from the November 2019 discovery announcement of Hemi. Those two holes are now Aquila and Brolga.
    https://hotcopper.com.au/data/attachments/2260/2260272-0d4f96a84494ab887c3fb7c0bc959d5d.jpg
    The northern end of line A (30000E) is probably an early western indication of Crow drilling (30320E).

    https://hotcopper.com.au/data/attachments/2260/2260288-94e82f420978768ae731c889da97874a.jpg
    Since this both Aquila and Brolga have seen 80m spaced drilling down to some 250m below surface and locally deeper.

    The initial aircore hits have been shown to be the tip of much larger deposits. How big?

    My estimates are conservative with extrapolation limited to the half distance between sections and between drill holes (of similar grade). As such strike and depth extensions beyond these limits are not included.

    The sections show mineralisation is variable in grade and geometry so applying large extrapolations will require IMO much more information to meet Jorc 2012 guidelines.

    Check out pages 10-13 for information on Jorc 2012 guidelines on resources. jorc_code2012.pdf

    I would hope my estimates are minimums for size but suspect the grade will not be much higher for A and B in the mid 1.5-2 g/t range.

    I would expect DEG's next MRE to include Aquila and Brolga and take the Mallina Project's global resource to the 5 Moz Au range.

    ====================
    Two aircore holes converted to two deposits with perhaps some 3 Moz of estimated resource.

    At Hemi there are already air core hints of other zones of mineralisation within the intrusive "complex". How big?

    Antwerp aircore two isolated good gold grade hits. How big?

    Scooby has seen a fair bit of drilling (Google earth image below) most recently reported in the November 2019 announcement. I recall a poster commenting about previous work here being promising. My impression was that individual high grade results (up to 40.1g/t Au/1m) reported in November need to be treated with caution [Hole SCRC007 37-51m = 14m @ 3.5 g/t is 1m @ 40.1 and 13m @ 0.7 g/t (= Crow type background grades)].

    https://hotcopper.com.au/data/attachments/2260/2260452-4856d522b862b30804ad8ebfda1b29c3.jpg

    Deg have multiple other targets which have the potential to be significant deposits so they raised a lot of money to be able to test quite a few. Some may not work out but IMO others will, plus some surprises hopefully. Only time will tell if any estimates are close to the mark. More work to see if they can be mined.

    Don't know if I have answered your question Countervin.






















 
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