Gold Explorer De Gray Mining (WKN 633879 / ASX DEG) delivers and delivers! Again today, as the company is releasing further strong drill results from its massive Hemi gold discovery!
This time, the focus is on the Aquila and Crow mineralized zones, which border the great Brolga Intrusion, the original discovery on Hemi, to the north. De Gray is conducting both extension drilling (heading northwest) and resource determination drilling in the central and eastern portions of Crow on both zones.
With these drill holes, which are expected to continue in all Hemi zones over the coming months, De Gray intends to ensure that the first resource estimate for Hemi, due in mid-2021, already has a high proportion of resources in the indicated category and thus offers more reliable data right from the start.
The Crow extension drilling has defined new gold zones in the northwest portion of this intrusion. These additional veins now extend over 500 meters in strike length and the mineralization remains open, so there is potential for further discoveries!
The highlights of the drilling results now reported:
– 8 meters with 4.4 g / t gold from 94 meters,
– 9 meters with 1.5 g / t gold from 162 meters,
– 10 meters with 3.6 g / t gold from 156 meters,
– 17 meters with 1.2 g / t gold, from 109 meters and
– 7 meters of 3.9 g / t gold from 166 meters.
The Crow pilot drilling is also successful and continues to define mineralization, including the recently discovered veins subparallel to Aquila. Significant results from the eastern and central part of Crow included:
– 15 meters with 1.8 g / t gold from 173 meters,
– 28 meters with 2.6 g / t gold from 193 meters,
– 31 meters with 1.1 g / t gold from 86 meters,
– 16 meters with 1.7 g / t gold from 54 meters,
– 17 meters with 1.2 g / t gold from 150 meters,
– 10 meters with 4.2 g / t gold from 258 meters and
– 44 meters with 2.6 g / t gold from 51.
De Gray was able to extend the high-grade Aquila zone on the decline to the west – towards the Falcon zone – and tested 25.2 meters of 2.0 g / t gold with drill hole HERC241D, including 9.2 meters of 3.8 g / t gold. The results of two more holes – further in the drop and to the west – are pending.
De Grey’s Managing Director Glenn Jardine views the results of the extension drilling at Crow as encouraging as the mineralization remains open. The area further west of Crow is currently being explored with an aircore drill. Another aircore drill is testing the Scooby intrusion target and targets east of Brolga.
De Gray Mining is driving the development of the Hemi discovery, which is assuming ever larger dimensions, with high pressure but pleasantly calm. The coffers are overflowing, the drills are spinning and we think we get great results on a regular basis … We believe that De Gray shareholders can continue to have a lot of fun in the future. Of course, the current market turbulence is not leaving its mark on De Gray shares either, but we think that it should have little impact in the medium and long term. We’re sticking to this exemplary success story.
In accordance with Section 34b WpHG and Section 48f Paragraph 5 BörseG (Austria), we would like to point out that partners, authors and / or employees of GOLDINVEST Consulting GmbH can hold shares in De Gray Mining and thus a conflict of interest could exist. Furthermore, we cannot rule out that other stock market letters, media or research firms will discuss the values we have discussed during the same period. Therefore, symmetrical generation of information and opinions can occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and a third party in the issuer’s warehouse (De Gray Mining), which creates a conflict of interest, especially since this third party grants GOLDINVEST Consulting GmbH for a fee for reporting De Gray Mining pays off. This third party may also hold, sell or buy shares in the issuer and would benefit from an increase in the price of De Gray Mining’s shares. This is another conflict of interest.
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