Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

De Grey Mining continues to intersect high-grade gold at Toweranna

Proactive Investors Tuesday, 11 June 2019
De Grey Mining Ltd (ASX:DEG) has received encouraging results from an additional 17 reverse circulation (RC) drill holes from the Toweranna Gold Deposit in Western Australia. The RC program has now been completed with a total of 42 holes drilling an advance of 10,126 metres. New high-grade results include • 11 metres at 2.11 g/t gold from 45 metres; • 8 metres at 2.71 g/t gold from 31 metres (including 3 metres at 6.73 g/t gold from 35 metres); • 7 metres at 9.27 g/t gold from 209 metres (including 1 metre at 25.5 g/t gold from 209 metres). Importantly, the new drilling results confirm lateral extensions and additional stacked lodes and add further support to an anticipated substantial increase to the current open pit resource to 200 metres depth. De Grey is currently evaluating the potential to extend gold lodes beyond 200 metres with selected scout diamond holes testing for mineralisation between 200-600 metres depth. READ: De Grey Mining latest drill results support resource upgrade De Grey technical director Andy Beckwith said: “De Grey continues to successfully establish strong shallow gold mineralisation at Toweranna. “Toweranna continues to open our eyes to this new style of gold mineralisation. “We don’t know how big Toweranna can be just yet as it remains open and is only constrained by the limit of drilling. “This next phase of deeper scout diamond drilling will give us an indication of the resource potential between 200-600 metres depth.” Forward programs Toweranna is considered to have potential for significant resource growth, and potential for both open pit and underground mining. This potential is considered significant and may have a material and positive impact on the 2019 prefeasibility study (PFS). READ: De Grey Mining completes ore sorting test work from its Toweranna Gold deposit in WA RC drilling to expand resources to a nominal 200 metres depth has now been completed with all RC drilling results received. Assays results from limited infill diamond drill holes to 200 metres depth remain pending. A new resource estimate is in progress and planned for completion in the September quarter. Reporting of the detailed metallurgical test work is on track to be reported in June.
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Mining Company Refuses To Clean Up Gold King Mine [Video]Mining Company Refuses To Clean Up Gold King Mine

Sunnyside Gold Corp. is refusing orders by the EPA to clean up the Superfund site.

Credit: CBS 4 Denver     Duration: 00:39Published

'Dora And The Lost City Of Gold' Trailer 2 [Video]'Dora And The Lost City Of Gold' Trailer 2

Dora And The Lost City Of Gold Trailer 2 - Having spent most of her life exploring the jungle with her parents, nothing could prepare Dora (Isabela Moner) for her most dangerous adventure ever - high..

Credit: MyMovies STUDIO     Duration: 01:14Published

Gold Price Looks to Hold Gains Ahead of G-20 [Video]Gold Price Looks to Hold Gains Ahead of G-20

Despite the pullback, the gold rally isn't over just yet, and one expert is forecasting that prices will rise to around $1,480 an ounce in the next two months. "This move is just getting underway, and..

Credit: The Street     Duration: 01:31Published

Here's How Millennials Should Invest in Gold [Video]Here's How Millennials Should Invest in Gold

Listen up young investors! Gold just hit near a 6-year high, so you may be wondering "if it's time to invest in gold" or "how?" Well, Real Money Contributor Stephen "Sarge" Guilfoyle says he has the..

Credit: The Street     Duration: 01:15Published


Recent related news from verified sources

Ardea Resources confirms high-grade gold mineralisation in rock chip sampling at WA gold prospects

Ardea Resources Ltd (ASX:ARL) has confirmed high-grade gold mineralisation in targeted sampling of altered and mineralised rocks at its outcropping, historic...
Proactive Investors

De Grey Mining in trading halt ahead of finalising a capital raising

De Grey Mining Ltd (ASX:DEG) is finalising a capital raising and has been granted a trading halt by the ASX. The halt will remain until the start of normal...
Proactive Investors

Peel Mining’s maiden Wagga Tank-Southern Nights resource confirms significant mining potential

Peel Mining Ltd (ASX: PEX) has revealed the maiden resource for its 100% owned Wagga Tank and Southern Nights deposits in the Cobar Basin of western NSW. The...
Proactive Investors

Alliance Resources to outline South Australian gold story at CEO Session

Alliance Resources Limited (ASX:AGS) continues to receive high-grade gold results from the Weednanna deposit within the flagship Wilcherry project on South...
Proactive Investors

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.