Quite an informative quarterly report giving a clear explanation of the game plan ahead IMO.
Lots going on with not only the promise of more ounces but also the potential for some exciting upside through the extensional and promising new target drilling.
Really liked this snippet:
"The gold mineralisation hosted within the Mallina Greenstone Belt is similar in age, geological setting and styles of shear zone and intrusion hosted gold deposits as seen in the Eastern Goldfields of Western Australia".
Also on Mallina:
Importantly, several new lodes have been discovered in the recent shallow aircore drilling program which provides highly encouraging wide and high grade gold mineralisation near surface and well outside the current resource areas. The new lodes demonstrate the potential for Mallina to host multiple sub-parallel lodes within a 700m wide corridor (Figure 5 and 6). The discovery of the new lodes is encouraging as it provides potential to substantially increase resources. In many cases, the new aircore intersections are open for at least several hundred metres along strike.
Solid news flow over the next few months looks a given.
The groundwork has now been set for DEG to capture increased market interest and the share price to finally gain substantial positive traction.
Good reasons to believe that if management execute the plan, 2020 promises to be a very rewarding year!
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- Ann: Quarterly Activities Report - September 2019
Ann: Quarterly Activities Report - September 2019, page-4
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