Ann: 12kms of Witswatersrand conglomerate target identified, page-2

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12kms of “Witswatersrand” conglomerate target identified Highlights
 12km target zone of prospective Fortescue Group rocks, including the basal Mt Roe Basalt, identified within the Pilbara Gold Project.
 Stratigraphy is the same as recent discoveries by Novo Resources and Artemis Resources in Karratha, being described as “Witswatersrand like”
 No known sampling for gold along the 12km long target
 Mapping and sampling commencing to assess the area for conglomerate hosted gold mineralisation. As a result of recent surface gold discoveries made near Karratha by Novo Resources Corporation and Artemis Resources, together with a significant “land grab” in the region,
De Grey has undertaken a project wide review. This review has identified a large target area of prospective Fortescue Group rocks in the same stratigraphic position that hosts the Novo/Artemis discoveries. Exploration Manager, Mr. Phil Tornatora, said: “The potential for Witswatersrand style gold deposits in the Pilbara is very exciting. The Witswatersrand gold deposits of South Africa are the largest in the world. The Karratha discoveries of numerous gold nuggets at surface are rare. Novo and Artemis have now confirmed high grade gold in the underlying host Mt Roe Basalt conglomerates. We are excited about the immediate commencement of evaluating this encouraging new target.”