announcement

De Grey Mining Ltd (ASX:DEG) has announced the discovery of a new polymetallic volcanogenic massive sulphide style (VMS) belt after receiving the latest assays from its RC drilling program at Orchard Well and Tabba Tabba at the Turner River Province, 60 kilometres south of Port Hedland. Significant zinc-silver-lead-gold-copper mineralisation has been identified in four separate locations over a 15-kilometre strike length.
In the latest drilling, best results from hole WARC045 at the Orchard Tank Prospect were:
* 21m at 1.08g/t gold, 137g/t silver, 0.08 per cent copper, 2.10 per cent lead and 4.65 per cent zinc from 301m including a high grade intersection of;
* 4m at 3.15g/t gold, 309g/t silver, 0.15 per cent copper, 5.90 per cent lead and 10.58 per cent zinc.
The Orchard Tank Prospect is located 2.6 kilometres east along strike of the original Discovery Prospect.
The Tabba Tabba Prospect is located a further 12 kilometres north east along strike from Orchard Tank in the same felsic rock sequence. These results are from the first hole drilled by De Grey on the Tabba Tabba tenement targeting a gossan identified from prospecting. Hole TTRC001 intersected 6m at 0.17g/t gold, 44g/t silver, 0.35 per cent copper, 0.78 per cent lead and 3.37 per cent zinc from 52m. Limited drilling has been completed at the Cassia Prospect, located 1 kilometre west of Discovery Prospect, with best results from hole WARC043 of 2m at 0.70g/t gold, 96g/t silver, 0.06 per cent copper, 1.42 per cent lead and 5.24 per cent zinc from 207m.