DEG 0.36% $1.39 de grey mining limited

Ann: Li anomaly extended to 2km and remains open 5km to East, page-14

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  1. 3,703 Posts.
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    Seems to be good value at these levels with excellent results to date.

    Worth reading the background on what drilling has turned up to date and the recent 1 for 20 restructure has tightened the register.


    A substantial gold find is developing with each announcement bringing additional solid results from drilling - aiming for 500k ounces.

    In addition to gold, the Company is well placed to expand on their lithium site located just 40km from the large Pilgangoora project.

    Recent rock sampling there over an initial 2km area, has been encouraging and once samples over the next 5km are completed definite lithium drill targets will be mapped out for an initial drill program.

    Capped at a paltry $9m with only 173m shares on issue - all looks ok to me.......

    Time to sit back and watch this unfold during the next few months IMO.
 
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