DEG 1.62% $1.22 de grey mining limited

New QH interview. Not much new here. Starts at about 18-minute...

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    New QH interview. Not much new here. Starts at about 18-minute mark.

    https://www.voiceamerica.com/episod...state-how-liberalism-became-americas-religion


    @Lemand on CEO crafted a quick summary of the interview. I hope he doesn't mind my posting it here.

    Summary of August 16th NR

    When assays?
    - Samples are much larger
    - The issues were not anticipated
    - Rock much harder
    - Process optimalisation was difficult
    - SGS system has improved significantly
    - Crushing near capacity
    - Metal detecting near capacity
    - Weather problems
    - In two or three weeks there will be assays
    - Very clear picture of what is on site

    Questions

    Harder rock, more expensive?
    - Lower cannibal conglomerate is particularly hard.
    - Crushers simply couldn’t cut it
    - It was hard to install the right crushers

    Maybe in two to four weeks bulk sample information?
    - Yes
    - From CW two gold bearing reefs.
    - Its not easy to find the gold bearing reefs
    - Novo was able to identify each reef
    - A marker: tuff was found in the top layer
    - Thin layer. Follow the layer and you get the gold bearing reef associated with it
    - The basement is the same conglomerate as at PW

    What is the objective of the exploration work?
    - Bulk sample results are needed for a mineralization report
    - This report is needed to convert a exploration license into a mining lease
    - Shows that Novo has a body of rock that is mineralized
    - Moving it forward as if Novo is planning to do trial mining Question about open endedness of CW and PW
    - It is a small area out of the Pilbara
    - Tuff horizon at Egina and DEG area
    - In a few weeks some very exciting things will be told
    - Marindi has gold in conglomerates at Bellary Dome
    - Novo does not believe in universal gold mineralization throughout the Pilbara
    - It does appear to be a precipitation event
 
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