DEG 1.58% $1.25 de grey mining limited

Major depth extensions and new footwall lodes emergeat Falcon...

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    Major depth extensions and new footwall lodes emerge
    at Falcon
     26.3m @ 2.3g/t Au from 309m in HERC298D
    − 100m below 31m @ 1.5g/t Au in HERC261D (previously reported)
     34.2m @ 1.8g/t Au from 212m in HERC407D
    − 100m below 31m @ 3.3g/t Au in HERC296 (previously reported)
     65m @ 1.4g/t Au from 324m in HERC416D
    − 150m below 3m @ 2.6 g/t Au in HERC271D (previously reported)
     55m @ 1.0g/t Au from 263m and 16.5m @ 1.1g/t Au from 324.5m in HERC400DW1
    − within an overall zone of 111.2m @ 0.8g/t Au from 239.8m
    − Currently deepest hole showing mineralised intrusion extends to 450 below surface.
     24m @ 0.9g/t Au from 302m and 12.5m @ 1.30g/t Au from 331m in HERC401D
    − within an overall interval of 57m @ 0.8g/t Au from 299m
    − 70m down dip of HERC402D, which intersected 66.7m @ 1.4g/t Au within a zone with
    visible gold.
     20m @ 1.00g/t Au from 324m in HERC402D - new footwall lode
     Falcon intrusion thickening to 100m as drilling extends mineralisation at depth
     Shallow infill drilling shows strong continuity of mineralisation
    − 19m @ 1.3g/t Au from 55m in HERC516
    • within an overall interval of 42m @ 1.0g/t Au from 45m
    − 20m @ 1.8g/t Au from 64m in HERC517
    − 19m @ 1.8g/t Au from 77m in HERC518
    − 12m @ 1.3g/t Au from 45m in HERC511
    De Grey General Manager Exploration, Phil Tornatora, commented:
    “The latest extensional drilling at Falcon demonstrates the increasing scale of the zone with
    mineralisation now intersected over 1km strike and over 350m in depth. New 160m spaced step out
    diamond drilling is underway to extend mineralisation to approximately 450m depth.
    The intrusion is increasing to approximately 100m thick at depth and multiple new footwall lodes are
    beginning to develop. Infill drilling is also providing confidence in the continuity and consistency of
    gold mineralisation.
    Falcon is open at depth and deeper step out diamond drilling is being prioritised to test this potential.
    These recent results, and further depth extensions, have the potential to significantly increase the
    already substantive gold endowment at Falcon.
 
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