Finally got around to summarising the doodledog highlites of the Announcement.
Exciting new 6 km x 2 km large gold target has been identified– Wallareenya – at
intersection of Tabba Tabba Thrust and Splay Structure.
De Grey is fortunate to control approximately 60 kms strike of TTT, most of which
remains to be fully tested.
This large regional scale structure and associated gold mineralisation represents a
major gold fluid pathway (“plumbing system”) and gold deposit host.
The Wallareenya anomaly (where the nuggets were picked up ) occurs at the intersection
of the Tabba Tabba Thrust with a NNE trending Splay Structure. This intersection of two
major regional scale structures is an encouraging location for prospective dilation features
that often host large gold deposits.
The photos of the nuggets found on the surface at Wallareenya have to come from
somewhere and they havent drilled these areas yet.
It gets lost in the diagrams but re Edkins results, any readings above 20g/p/t are
entitled to be graded as Bonanza gold.
Also Wingina Well 2 result of 4 metres of 26.9g/p/t is bonanza grade.
Appreciate that most mines average less than 3g/p/t.
I am happy to hold long because they are planning the mining and so much
promise remains in the unexplored vast areas undrilled.
The last 2 reports have shown very good gold results from areas that were known
to be silver, zinc and lead base metal zones.
We have now applied to lease the zone that separates the two areas of Gold and
Base metal that have never seen a drill before. This area is in line with the trending
the lithium pegmatites seem to occur so there must be a good reason to lease this
area.
just what impresses me............ Essential to DYOR on these mining stocks.
- Forums
- ASX - By Stock
- DEG
- Ann: De Grey Identifies 50 kms of Under Explored Shear Zone-DEG.AX
Ann: De Grey Identifies 50 kms of Under Explored Shear Zone-DEG.AX, page-28
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEG (ASX) to my watchlist
|
|||||
Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B |
Open | High | Low | Value | Volume |
$1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 33645 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.21 | 12149 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 33645 | 1.205 |
8 | 173672 | 1.200 |
3 | 93636 | 1.195 |
2 | 99193 | 1.190 |
1 | 8000 | 1.185 |
Price($) | Vol. | No. |
---|---|---|
1.210 | 12149 | 1 |
1.215 | 92639 | 9 |
1.220 | 352304 | 16 |
1.225 | 148044 | 8 |
1.230 | 134917 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |