DEG 0.41% $1.21 de grey mining limited

Ann: Major extension of sulphide mineralisation at Hemi, page-107

  1. 3,035 Posts.
    lightbulb Created with Sketch. 8125
    When I saw the initial results at Hemi they reminded me somewhat of the discovery of Garden Well in late 09/2010.

    https://hotcopper.com.au/data/attachments/2010/2010536-eb63f2f2e066103fff562a4a3d121a6b.jpg
    The discovery came after the last 3 holes of an aircore traverse (LKA084-6) got a hint of something.

    My gut feeling is the gold grades will be higher than Garden Well. Hemi continuity remains to be shown by the infill drilling hopefully it will be similar to GW which is in a different geological environment.

    The Mount Olympus project (SRI 1990s) had an initial resource of some 750 K Oz. From memory: Turned out some 2/3rds was refractory and the SP hit was something to remember. Rare but it can happen. I suspect LPN's assessment will be shown to be correct - the sericite altered rock chips look good and probably similar to previous holes with grade. Assays and Mett. tests will be done in due course so fingers crossed and GLTAH.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Last
$1.21
Change
-0.005(0.41%)
Mkt cap ! $2.887B
Open High Low Value Volume
$1.22 $1.22 $1.19 $7.046M 5.872M

Buyers (Bids)

No. Vol. Price($)
3 29087 $1.20
 

Sellers (Offers)

Price($) Vol. No.
$1.21 79225 3
View Market Depth
Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.