DEG 1.27% $1.20 de grey mining limited

drilling shortly get set

  1. 5,549 Posts.
    Sydney - Monday - July 4: (RWE Australian Business News) - De
    Grey Mining (DEG) will begin a new drilling program within four weeks at
    its Turner River Province, 60km south of Port Hedland, to test strong
    gold anomalies (up to 30.90 g/t) identified in soil sampling at its
    Orchard Well tenement (E45/2533), which was granted on June 24.
    The strong gold anomalies were recorded over a 12km strike
    length of the Tabba Tabba Shear which is also host to De Grey's Wingina
    Well gold deposit.
    The Orchard Well soil gold anomalies are of higher grades than
    the comparable anomalies located directly above the Wingina Well
    deposit.
    The sample lines at Orchard Well were spaced
    400 metres apart.
    The new Orchard Well tenement is 20 kilometres to the north east
    of Wingina Well.
    De Grey's Managing Director Mr Denis O’Meara said, "The orchard
    well tenement has historically had no recorded drilling activity and in
    geological terms these new results show potential for another
    greenfields discovery by the company”
 
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