DEG 4.59% $1.14 de grey mining limited

Ann: 136m@ 2.0g/t & Further High Grade Drill Results at Toweranna, page-98

  1. 4,207 Posts.
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    Hi all.
    I am a little shocked at how the news of the latest intersection at Toweranna has not caused much more excitement.
    Here we have a possible Granite plug that has very little exploration.
    So far it is 300m diameter and there is no indication of the shape deeper below.
    The chance of repetition is highly likely.
    We could also have a narrowing but I thought a pic of Plutons and Batholiths may give some other possibilities.
    https://hotcopper.com.au/data/attachments/1514/1514099-b908af6770ea1dce85f16c767b9712c0.jpg

    We have no idea of what may be deeper and we do not know how the grades will vary but those bonanza grades at shallow depths could suggest that there is a high chance of a company maker in Toweranna alone.
    A nice shallow sill and finding what this plug is connected to would be nice to discover in the next round of drilling.
    If these multi stacked high grade veins continue with depth, then we have a deposit that could prove a very low aisc due to the concentration possibilities. The next ann re Tomra evaluation will be highly anticipated by me.
    We already have evidence of lateral extension at shallow depth.
    I will be watching the development of this with a keen eye.
    Just wondered if @KoDe could give his 2 pennies worth.
    I am changing my sentiment back to buy.
    Kind regards, Wack.

 
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