DEG - Expect news on Thursday, page-2

Riding a Rocket!

How De Grey Mining took two years to be an ASX Pilbara gold Superstar.

The 259th Sydney Mining Club – Lunch
at 12:30 pm on 3 June 2021 at the Ivy Ballroom
Come and hear MD Glenn Jardine and Chairman Simon Lill describe their project and life on the burning nose of a $2bn company – ‘Australia’s fastest growing gold company’.

From a share price of $0.05 to $1.50 in 18 months is warp speed success for a gold company. De Grey’s Mallina goldfield is a new province that has also swept the attention of the gold punters and many Archaean gold explorers north from the Yilgarn into the Pilbara, a province better known for the astronomical tonnes of iron it exports and the money it courses through Australia’s economic veins.
Lying just a few tens of kilometres from Port Headland and right next Route 1, the Mallina field has seven mineralised intrusives in a corridor 150km long. De Grey hit the core of the intrusion-hosted Hemi deposit first shot. It is shallow, open cuttable, has an indicated gold recovery of 93%, is surrounded by tantalising targets, and has some juicy sweet spots. Like 14m @ 21.2g/t Au from 50m. What’s not to like.
Hemi will add to the 2.2Moz the Company has under its belt across the Mallina field. In just over 12 months, 137,000 m of drilling has been completed – a few hundred metres a day. The rocks are time equivalents of the Yilgarn province in WA’s south, the well-known host of Kalgoorlie and so the origin of so much of the State’s gold wealth. New eyes, new thinking and lots of drill rigs.