DEG 1.25% $1.19 de grey mining limited

Ann: Eagle extensions to the west and at depth, page-5

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    De Grey General Manager Exploration, Phil Tornatora, commented:

    “Recent drilling at Eagle has significantly increased the scale of the mineralised intrusion to approximately 950m strike, 200m width and 350m depth. The system remains open.

    Zones of high grade gold have been intersected within the overall mineralised intrusion including 9m @ 17.3g/t Au in HERC849 located 80m to the west of the resource boundary and 19m @ 11.6g/t Au in HERC765 located in sediments to the north of and adjacent to the resource boundary.

    Drilling between Eagle and Diucon discovered new mineralisation including 25m @ 2.7g/t Au in HERC883D. This demonstrates potential for additional subparallel lodes in this area.

    Drilling is continuing to extend mineralisation and increase the resource confidence from Inferred to Indicated classification.”

    *Intervals calculated at 0.3g/t Au cut-off grade.
 
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