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olga stage-1 pit as a risk control exercise while exploration drilling continues across Greater Hemi and Regionally. De Grey’s (ASX:DEG) new infill results have returned thick mineralised intervals in the centre of the Brolga stage-1 pit within the wider Mallina Gold Project in Western Australia as part of a risk control exercise for early production. The proposed Brolga pit comprises 1.29 million ounces at 1.3g/t gold of the overall JORC mineral resource of 9 million ounces at 1.2g/t gold. New infill results on section 30600E include 80m at 1.6g/t from 36m, 93m at 2.2g/t from 43m, 127m at 2g/t from 35m, and 114m at 1.5g/t from 126m. On section 30440E, results comprise 106m at 1g/t from 42m, 107m at 1.2g/t from 67m, 93m at 1.6g/t from 81m, and 73m at 1.2g/t from 144m. Within section 30520E, results include 54m at 1.6g/t from 36m, 53m at 1.1g/t from 49m, as well as 22m at 1.9g/t from 124m, and 148m at 1g/t from 44m. De Grey says infill drilling will continue as necessary during the pre-feasibility study (PFS) to provide confidence across the priority early production sources and to lift resource classification from JORC inferred to indicated at both Diucon and Eagle. Drilling to continue until the end of 2021 DEG general manager of exploration Phil Tornatora said: “The recently announced scoping study of the Mallina Gold Project identified Brolga as an early production source. “Resource infill drilling is reducing project risk associated with early production and the 40m x 40m drill spacing at Brolga is expected to provide a high level of confidence in the early production from Brolga,” he said. Tornatora added that the Brolga resource infill drilling is scheduled to continue until the end of calendar 2021 to meet PFS requirements, with Brolga Resource extension drilling to follow. “Exploration drilling continues across both Greater Hemi and Regional areas, including three aircore and three RC rigs currently engaged in exploration activities aimed at discovering large scale gold resources,” he said. Looking ahead De Grey is continuing exploration drilling in the Greater Hemi and Regional areas. Three aircore and three RC rigs are currently engaged in exploration activities aimed at discovering large-scale gold resources. This article was developed in collaboration with De Grey Mining, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Subscribe to our daily newsletter Join our small cap Facebook group Follow us on Facebook or Twitter Read MoreGoldGold NewsGold Stocks share SUBSCRIBE Get the latest Stockhead news delivered free to your inbox. Name* Email* It's free. Unsubscribe whenever you want. Read our privacy policy You might be interested in De Grey mining asx deg mallina gold Mining De Grey raises $125m for Mallina PFS, further gold drilling October 22, 2021 | Special Report Gold De grey Mining Ground Breakers: De Grey shows gold fever is still alive in high mining times October 20, 2021 | Josh Chiat de grey mining asx deg resource growth Mining De Grey confident of resource growth potential at regional targets October 13, 2021 | Special Report Featured Articles ZEO carbon product agriculture Tech Zeotech partners with Griffith Uni to develop products for carbon markets EZZ Health & Biotech Strong FY21 results underpin EZZ’s foothold in growing life sciences sector Motorcycle Holdings News MTO launches across the Tasman with acquisition of leading NZ motorcycle dealer Forbes and Davies Don't be the last to know Get the latest stock news and insights straight to your inbox. Name Email* It's free. Unsubscribe whenever your want. Read our privacy policy Featured Companies ASX: DEG De Grey Mining Editor's Picks ‘Demand is assured, supply is not’: Deep Yellow’s John Borshoff on why the uranium sector is in ‘a broken-down state’ BHP is selling its BMC coal business to junior coal miner Stanmore in a US$1.2 billion transaction. BHP sells coal mines for US$1.2 billion to Stanmore global EV targets With the amount of metals we need to dig out of the ground, are global electric vehicle targets even possible? Cup day trader Confessions of a Day Trader: Old and busted - Betting on the Cup. New hotness - RBA sure things ASX ESG The Ethical Investor: Half-time score at COP26, and JANA's Rachel Halpern's views on ESG
ASX ANNOUNCEMENT 21 November 2023 Highlights: • Hemi Mineral Resource Estimate (MRE) grows by a further 1Moz to 10.5Moz Au based on an additional eight months of drilling since the June 2023 MRE • MRE for the Hemi Project, including the Regional deposits, increases to 12.7Moz • Resource growth follows the completion of infill drilling for the Definitive Feasibility Study (DFS) and renewed focus on resource growth at and around Hemi and new discoveries across the project • Drilling programs at Hemi are designed to demonstrate increased mine life and annual gold production rate from open pit and underground sources relative to the DFS production profile • New pit shell optimisations will be conducted on the updated resource estimate to identify any additional open pit production above the DFS production profile • Drilling at Hemi is targeting new near surface gold discoveries and large scale resource step outs De Grey General Manager Exploration, Phil Tornatora, commented: “It is great to see Hemi surpassing 10Moz less than four years since it was discovered. Since completing programs to support the DFS earlier this year, drilling at Hemi has prioritised resource extension and new discoveries. This work has paid dividends with resource increases of 0.81Moz at Eagle and 0.14Moz at Diucon. “Several of the Hemi deposits, including Eagle and Diucon are still open along strike and at depth and show significant potential for further resource increases. We see immediate potential for strike extensions at Hemi to be achieved at Diucon, Eagle and Crow North. All of the Hemi deposits remain open at depth.” “Resource extensional drilling has been focussed on the Diucon-Eagle area since DFS drilling was completed. Some drilling has been also undertaken at the Aquila and Crow deposits with assay results still to be finalised and geological interpretation ongoing. Recent drilling at Brolga and Falcon has been limited to collecting moisture content and geotechnical data to advance operational readiness.” “Our ongoing exploration is targeting strike and depth extensions to the Hemi deposits, new shallow potential resources adjacent to Hemi, as well as new large-scale discoveries at Regional prospects. Work by De Grey has also commenced on the new Egina JV tenement package held with Novo Resources.” De Grey Managing Director, Glenn Jardine, commented: “The Company was focused on resource definition drilling until the end of March 2023 that was required for the Hemi DFS that we subsequently released in September. That infill drilling was extremely successful in generating a production profile for the Project that was comprised almost entirely of Ore Reserves. Since then, we have re-focused our drilling programs on making new discoveries and extending existing resources with large step drilling. “The drilling programs at and around Hemi are designed to demonstrate longer mine life and increased annual gold production compared to the DFS production profile. We will be conducting new pit shell optimisations on the updated resource and incorporating resource extensions below open pits into the conceptual underground mining study that is currently underway. We see the potential for underground production to occur in parallel with open pit production and within the first five years of production at Hemi, leading to an increased annual gold production rate.” Click here to view the ASX announcement De Grey Mining Limited Ground Floor, 2 Kings Park Road West Perth WA 6005
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