we thinks Andy sums this up the best with this comment. Beckwith...

we thinks Andy sums this up the best with this comment.

Beckwith added that with 12 rigs currently focused on expanding Hemi as well as testing numerous targets within De Grey’s 150km long land package, he had no doubt that the company would be drilling and finding additional resources for many years to come.
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De Grey's Hemi discovery is now a giant 6.8Moz gold deposit. Pic: Getty Images
De Grey unleashes giant 6.8Moz gold resource for Hemi
Mining
14 hours ago | Special Report


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De Grey has propelled its Hemi discovery straight into Tier 1 territory with the release of a maiden 6.8 million ounce gold resource for the deposit in WA’s Pilbara region.
Adding interest, 41% – or 2.8Moz – of the much-awaited resource is in the higher confidence indicated category, which has sufficient information on geology and grade continuity to support mine planning.
It also takes the global resources at De Grey Mining’s (ASXEG) Mallina gold project up from an already respectable 2.2Moz to 9Moz, of which 3.8Moz is in the measured and indicated categories.
That this giant resource was found at an average cost of $8.50/oz, well below the industry average of about $20/oz, in a short 15-month time frame just serves to highlight the magnitude of the company’s achievement.
There is also room for the already major deposit to get bigger as there is still plenty of potential to grow the Hemi and global Mallina resources along strike and at depth.
On top of all this potential, Hemi also features thick ore zones and high ounces per vertical metre ranging from 2,500oz/Vm at Aquila to 9,000oz/Vm – particularly in the shallow portions of each deposit – that greatly simplifies how they can be mined.
Technical director Andy Beckwith says Hemi is an exceptional discovery that is “redefining the gold potential of the Pilbara” while managing director Glenn Jardine noted that it has exceeded the company’s initial expectations.
“We are committed to increasing the resource base with ongoing drilling programs,” Jardine added.
“Project studies, including metallurgy, geotechnical, mining, environmental, infrastructure and hydrogeology are continuing in parallel with the exploration drilling.
“These studies aim to provide information to define the development and production opportunities this scale of resource brings.
“The company expects to be able to provide production potential for Hemi and the overall Mallina Gold Project to shareholders in the September quarter 2021 through the completion of a scoping study.”
Beckwith added that with 12 rigs currently focused on expanding Hemi as well as testing numerous targets within De Grey’s 150km long land package, he had no doubt that the company would be drilling and finding additional resources for many years to come.