Ann: New Conglomerate & Gold Nugget Discoveries, page-79

De Gray Mining with potentially explosive rediscovery

When Australian De Gray Mining (WKN 633879 / ASX DEG) last announced the
discovery of gold nuggets - and the associated gold conglomerate targets -
the company's stock shot up with huge sales. Now De Gray announces another,
possibly even more spectacular discovery of this kind! Today after the stock
market close in Australia - the Australian investors could not react yet -
told De Gray namely that they have discovered powerful conglomerates, a very
promising type of mineralization, and again gold nuggets. That, the company
confirms the potential of a 12-kilometer exploration target!

De Gray has made two new conglomerate discoveries - within this 12-kilometer
target area - called Jarret Well and Steel Well, which have been confirmed by
grainy and flat gold nuggets. These are separate areas for the discovery of
Louden Patch, which had missed the De Gray course such a tremendous boost.
The company also announced that the highly prospective pyritic conglomerate bed
appears to resemble that gold-bearing rock discovered by Novo Resources
(WKN A1JG38) and Artemis Resources (WKN A0MK5T) near Karratha. And Novo
Resources rose from about $ 0.85 before the first discovery to now 7.34 CAD!
In any case, De Gray assumes that the newly discovered conglomerates are the
same unit, so that on the basis of previous investigations a continuous strike
length of more than 2.5 kilometers would result. The unit remains open to the
north and falls under the Mount Roe basalt, it said. And De Gray has so far
studied only less than 10% of the 12-kilometer-long zone with metal detectors ...

Simon Lill, Executive Chairman of De Gray Mining, said "The company's
geological team has recognized the importance of Novo and Artemis activities
earlier than many other companies and quickly followed the discovery of Louden's
patch. Now the team has made more exciting discoveries than their potential
Loudens patch could seem downright small. At any rate, De Gray is now taking
all necessary steps to generate drilling targets as soon as possible, Mr Lill
continued. It will be interesting how the markets in Australia react tomorrow.
The interest in the Australian discussion forum HotCopper is certainly high.
In any case, shareholders of De Gray can look forward to another exciting
newsflow. Especially as the company will soon be drilling on the high-profile
projects Toweranna and Blue Moon in attack. In any case, there is much to
suggest that the success story of De Gray Mining is far from over! Of course,
the stock is a very speculative investment with high risks. That should not
go unmentioned. Without high risk, there are no chances for high profits.