Ann: Bonanza Au and Ag grades newly discovered ep, page-5

re: Ann: Bonanza Au and Ag grades newly disco...

Below is the asx announcement released on the 18th may.


Cheers


De Grey Mining Ltd (ASX: DEG) is pleased to advise that its maiden drill program in
Argentina is to begin on Saturday 19th May at the Sierra Morena Project in Santa Cruz
Province. The drilling contractor has arrived on site and is setting up on the first hole.
An initial program of approximately 750 metres of diamond drilling will be completed at the
Vein Breccia Zone prospect, targeting high-level epithermal gold-silver mineralisation. De
Grey’s exploration at the Vein Breccia Zone has outlined a complex epithermal vein system
containing precious metals mineralisation over 800 metres strike length with rock chip
samples assaying up to 11.75g/t Au and 96.2g/t Ag1.


It is expected that this initial drilling program will be completed by mid-June 2012.


The program will provide an initial test of the exploration model and provide vectors for further
drilling when the next field season commences, expected to be September.
Drilling has started later than planned due to delays in securing a drilling contractor.
Depending on drill rates and the onset of winter weather conditions, the rig may proceed to
the SM6 target, also located on Sierra Morena Project, and the Pachi prospect after the
program at Vein Breccia Zone is completed.