Proactiveinvestors Australia De Grey Mining Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia De Grey Mining Ltd RSS feed en Thu, 20 Dec 2018 02:52:32 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - De Grey Mining executive chairman exercises options worth $188,334 ]]> https://www.proactiveinvestors.com.au/companies/news/209802/de-grey-mining-executive-chairman-exercises-options-worth-188334-209802.html De Grey Mining Limited (ASX:DEG) executive chairman Simon Lill has exercised more than 380,000 listed options and 1.5 million unlisted options.

The options were exercised at a price of 10 cents each and the two tranches together amount to $188,334.

Lill’s total holding now consists of 6,983,333 ordinary fully paid shares, 1 million unlisted options at a 30-cent exercise price and 1.5 million performance rights.

READ: De Grey Mining’s drilling confirms high-grade lithium, caesium and tantalum at King Col

De Grey entered into an underwriting agreement with Taylor Collison Limited earlier this week to underwrite 37.5 million listed options.

Exercised at 10 cents an option the agreement will result in $3.75 million.

De Grey considers the agreement a prudent capital management measure that allows it to lock in and commit to its immediate and planned exploration activities.

De Grey expects to announce the number of shares to be issued as a result of the underwriting on or around December 7, 2018.

READ: De Grey Mining recovers coarse gold and nuggets in first bulk sampling

The company recently acquired Chinese-owned Indee Gold Pty Ltd, enabling it to bring its interest in the Pilbara Gold Project to 100%.

Earlier this month, De Grey received initial positive results from trial bulk sampling at Loudens Patch within the Pilbara Gold Project.

Additionally, De Grey’s recent drilling program successfully intersected high-grade underground lodes below the Withnell proposed open pit.

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Fri, 23 Nov 2018 01:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209802/de-grey-mining-executive-chairman-exercises-options-worth-188334-209802.html
<![CDATA[News - De Grey enters trading halt ahead of option underwriting ]]> https://www.proactiveinvestors.com.au/companies/news/209515/de-grey-enters-trading-halt-ahead-of-option-underwriting-209515.html De Grey Mining Ltd (ASX:DEG) has been granted a trading halt by the ASX this morning pending the release of information regarding the underwriting of listed options in the company.

Shares in the company will remain halted until the earlier of, either the release of relevant information, or the commencement of trading on Thursday 22 November 2018.

READ: De Grey Mining appoints Peter Hood as non-executive director

Earlier this month, De Grey received initial positive results from trial bulk sampling at Loudens Patch within the Pilbara Gold Project in Western Australia.

Additionally, De Grey’s recent drilling program successfully intersected high-grade underground lodes below the Withnell proposed open pit.

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Tue, 20 Nov 2018 13:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209515/de-grey-enters-trading-halt-ahead-of-option-underwriting-209515.html
<![CDATA[News - De Grey Mining enters option underwriting agreement in capital management measure ]]> https://www.proactiveinvestors.com.au/companies/news/209525/de-grey-mining-enters-option-underwriting-agreement-in-capital-management-measure-209525.html De Grey Mining Ltd has entered into an underwriting agreement with Taylor Collison Limited to underwrite 37.5 million listed options.

The options are exercisable at 10 cents an option, resulting in $3.75 million, and expire at the end of this month.

De Grey considers the agreement a prudent capital management measure that allows it to lock in and commit to its immediate and planned exploration and development initiatives.

READ: De Grey Mining recovers coarse gold nuggets in first bulk sampling

Taylor Collison will earn a standard fee for the underwriting, a portion of which will be paid to various sub-underwriters who supported Taylor Collison.

De Grey expects to announce the number of shares to be issued as a result of the underwriting on or around December 7, 2018.

The company recently acquired Chinese-owned Indee Gold Pty Ltd, enabling it to bring its interest in the Pilbara Gold Project to 100%.

Earlier this month, De Grey received initial positive results from trial bulk sampling at Loudens Patch within the Pilbara Gold Project.

Additionally, De Grey’s recent drilling program successfully intersected high-grade underground lodes below the Withnell proposed open pit.

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Tue, 20 Nov 2018 01:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209525/de-grey-mining-enters-option-underwriting-agreement-in-capital-management-measure-209525.html
<![CDATA[News - De Grey Mining appoints Peter Hood as non-executive director ]]> https://www.proactiveinvestors.com.au/companies/news/209417/de-grey-mining-appoints-peter-hood-as-non-executive-director-209417.html De Grey Mining Ltd (ASX:DEG) has appointed Peter Hood as non-executive director effective immediately.

Hood is a chemical engineer and has had a distinguished career in the Australian mining and chemical industries.

He is also a recent past president of the Australian Chamber of Commerce and Industry and the Chamber of Commerce and Industry of Western Australia.

Hood currently holds the following directorships:

Chairman

Matrix Composites and Engineering Ltd (ASX:MCE)
MAK Industrial Water Systems Pty Ltd
Australian National Committee of the International Chamber of Commerce

Non-executive director

GR Engineering Ltd (ASX:GNG)
Cue Energy Resources Ltd (ASX:CUE) - lead independent director

Hood’s wealth of company and board management skills and experiences will be of enormous assistance to De Grey as it pursues a development path for the flagship Pilbara Gold Project.

READ: De Grey Mining recovers coarse gold and nuggets in first bulk sampling

Earlier this month, the company received initial positive results from trial bulk sampling at Loudens Patch within the Pilbara Gold Project.

Additionally, De Grey’s recent drilling program successfully intersected high-grade underground lodes below the Withnell proposed open pit.

READ: De Grey Mining shares rise on further high-grade hits beneath Withnell gold deposit

Follow-up diamond drilling is planned to test the depth extensions of the 800 metres x 400 metres Withnell Underground Exploration Target.

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Mon, 19 Nov 2018 13:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209417/de-grey-mining-appoints-peter-hood-as-non-executive-director-209417.html
<![CDATA[News - De Grey Mining’s drilling confirms high-grade lithium, caesium and tantalum at King Col ]]> https://www.proactiveinvestors.com.au/companies/news/209240/de-grey-minings-drilling-confirms-high-grade-lithium-caesium-and-tantalum-at-king-col-209240.html De Grey Mining Ltd (ASX:DEG) has received positive lithium, caesium and tantalum results from the first two diamond holes drilled at the King Col Pegmatite prospect in Western Australia.

The King Col Pegmatite is 35 kilometres north of Pilbara Minerals’ (ASX:PLS) the world-class Pilgangoora Lithium-Tantalum Mine and 45 kilometres from the Wodgina Lithium Mine.

King Col location plan

The drilling was designed to confirm previous high-grades results and particularly to determine the distribution and percentages of lithium-bearing minerals.

De Grey’s diamond drilling has confirmed the previous results with the new holes returning:

• 11.5 metres at 0.64% lithium oxide from 27 metres; and
• 27.3 metres at 1.14% lithium oxide from 12.7 metres (including 11.9 metres at 2.43% lithium oxide).

King Col drill collar location plan

In addition to lithium, intercepts of anomalous caesium and high-grade tantalum were also returned from the holes, including:

• 0.9 metres at 1.26% caesium oxide from 30.6 metres;
• 1 metre at 1.63% caesium oxide from 21.5 metres;
• 4.3 metres at 675 ppm tantalum pentoxide from 34.2 metres; and
• 5.9 metres at 468 ppm tantalum pentoxide from 21.5 metres.

READ: De Grey Mining shares rise on further high-grade hits beneath Withnell gold deposit

Notably, the presence of spodumene, caesium, petalite, lepidolite, tantalum and pollucite clearly show that the King Col pegmatite system is fertile for lithium-caesium-tantalum (LCT) bearing minerals.

LCT pegmatites are typically zoned in both lateral and vertical orientations and further work is required to better understand this zonation and the potential scale of the LCT pegmatite.

Next steps

Future exploration activities at King Col are planned to include:

• Detailed assessment of mineralogy of the pegmatites including petrology is currently underway, with results expected shortly;
• Hylogger spectral scanning of drill core to determine mineralogy and distribution, to be undertaken by the Western Australia Geological Survey as part of EIS (Exploration Incentive Scheme) funding; and
• Follow-up drilling to extend LCT mineralisation.

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Thu, 15 Nov 2018 13:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209240/de-grey-minings-drilling-confirms-high-grade-lithium-caesium-and-tantalum-at-king-col-209240.html
<![CDATA[News - De Grey Mining recovers coarse gold and nuggets in first bulk sampling ]]> https://www.proactiveinvestors.com.au/companies/news/208961/de-grey-mining-recovers-coarse-gold-and-nuggets-in-first-bulk-sampling-208961.html De Grey Mining Ltd (ASX:DEG) has received initial positive results from trial bulk sampling at Loudens Patch, within the Pilbara Gold Project in the Pilbara region of Western Australia. 

Coarse gold and nuggets in heavy-mineral concentrates have been recovered from the trial processing of 250-kilogram bulk samples of in-situ conglomerate at Loudens West.

Sampling is planned to continue from the trench which has exposed 20 metres of strike along the conglomerate horizon.

READ: De Grey Mining shares rise on further high-grade hits beneath Withnell gold deposit

De Grey’s technical director Andy Beckwith said: “We are extremely pleased with the initial positive gold results together with the simplicity and speed of the sampling, for which we thank geologist in charge, Michael Jackson, who has designed and driven the program from the first nugget discovery.”

To date, six 250-kilogram bulk samples (LB250_001 to 006) have been collected and processed by De Grey from 6 metres of trench at the Loudens West prospect.

The continuity of coarse gold along the conglomerate horizon is encouraging for De Grey.

The successful sampling procedure allows De Grey to progress systematic sampling and quantitative assessment of the Loudens prospect during the December quarter.

Sampling to continue along trench

Sampling is planned to continue along the remaining 6 to 20 metres of the trench.

Additional trenching will continue along the current creek line, southwest and northeast targets at Loudens West and then move to test the Loudens South Target at the southern end of the Loudens Range.

Similar sampling is planned to be implemented at Jarret and Steel Wells prospects.

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Mon, 12 Nov 2018 08:59:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208961/de-grey-mining-recovers-coarse-gold-and-nuggets-in-first-bulk-sampling-208961.html
<![CDATA[News - De Grey Mining shares rise on further high-grade hits beneath Withnell gold deposit ]]> https://www.proactiveinvestors.com.au/companies/news/208459/de-grey-mining-shares-rise-on-further-high-grade-hits-beneath-withnell-gold-deposit-208459.html De Grey Mining Ltd’s (ASX:DEG) drilling program has successfully intersected high-grade underground lodes below the Withnell proposed open pit at its Pilbara Gold Project in Western Australia.

The results from the last six holes of the 15-hole diamond drilling program includes high-grade gold hits further supporting the Withnell Underground potential.

Withnell plan view showing proposed open pit cutback and the four known underground lodes

Additional high-grade gold intersections include:

• Lode 1: 4.65 metres at 7.1 g/t gold from 164.15 metres (including 2.85 metres at 10.39 g/t gold from 165.45 metres);
• Lode 1: 4.13 metres at 10.23 g/t gold from 125.47 metres (including 0.35 metres at 27.7 g/t gold; and
• Lode 2: 8.28 metres at 2.71 g/t gold from 164.2 metres (including 0.8 metres at 11.53 g/t gold from 170.35 metres).

READ: De Grey Mining boosts gold bounty at Pilbara project to almost 1.4 million ounces

The Pilbara Gold Project boasts a large pipeline of attractive exploration targets and the company is actively ramping up exploration throughout the tenement package in a drive to discover new resources and expand the current 1.4 million gold ounces resource.

The underground potential at the two largest gold deposits, namely Withnell and Wingina, is considered high in terms of additional tonnes, grade and resource ounces.

Withnell Underground has an exploration target of 2.6 - 3.5 million tonnes at 4 g/t to 6.5 g/t for 330,000 to 20,000 gold ounces at a depth of between 200 and 600 metres below the current resource of 6.37 million tonnes at 1.8 g/t for 377,300 gold ounces.

READ: De Grey Mining targets 3-million-ounce resource as investors vote for 100% project ownership

Follow-up diamond drilling is currently being planned to test the depth extensions of the 800 metres x 400 metres Withnell Underground Exploration Target.

The aim of the drilling will be to initially undertake wide-spaced 100-200 metres spaced step out drilling to define the limits of the gold mineralisation associated with Lode 1 through to Lode 4.

Subsequent infill drilling to 50-80 metres spacing will be subject to further positive results and will aim to better define higher grade shoots within the broader mineralisation.

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Mon, 05 Nov 2018 12:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208459/de-grey-mining-shares-rise-on-further-high-grade-hits-beneath-withnell-gold-deposit-208459.html
<![CDATA[News - De Grey Mining hits 56-metre intersection at 3.04 g/t gold at Pilbara project ]]> https://www.proactiveinvestors.com.au/companies/news/207022/de-grey-mining-hits-56-metre-intersection-at-304-gt-gold-at-pilbara-project-207022.html De Grey Mining Limited (ASX:DEG) has received one of the best intersections to date from its Pilbara Gold Project in WA which indicates strong potential to add to the 1.4 million ounce gold resource.

The 56-metre intersection at 3.04 g/t gold from 14 metres at the Mallina deposit included 30 metres at 5.29 g/t.

Recent drilling has also returned high-grade results from the Toweranna deposit’s Western and Southern zones.

READ: De Grey Mining boosts gold bounty at Pilbara project to almost 1.4 million ounces

De Grey exploration manager Phil Tornatora said Mallina had provided one of the best intersections seen across the project area.

“A wide zone of intense alteration and sulphide development with 56 metres of mineralisation demonstrates the large scale of this system,” he said.

“The recent resource upgrade at Mallina is all above 100 metres, so there is plenty of opportunity for ongoing resource increases as we continue step-out drilling.

“Toweranna continues to show more of the same – high-grade vertically stacked sheeted veins that we expect to continue through the northern and eastern granite contacts and at depth, which our next program will test.”

READ: De Grey Mining targets 3-million-ounce resource as investors vote for 100% project ownership

Only about 10% of the shear zones across the 200-kilometre-plus strike length throughout the large 1,480 square kilometre landholding has been tested.

The Pilbara Gold Project with Mallina and Toweranna highlighted.

Detailed shallow reverse circulation (RC) and diamond drilling to a nominal depth of 100 to 150 metres have resulted in the definition of a 1.4 million ounce resource.

As well as returning the 56-metre intersection, drilling at Mallina also showed ongoing mineralisation at 90-metre depth with further potential to add to the 160,700-ounce resource.

Three holes completed at Mallina

Three diamond drill holes were recently completed to provide additional geological and structural information, in addition to drill core for metallurgical test work.

Test work on the two holes drilled for metallurgical purposes is underway as part of the open pit pre-feasibility study while results have been finalised for the other hole.

This was a diamond tail to a previous RC hole which ended in significant mineralisation.

Mineralisation continues in diamond tail

The mineralised zone continued in the diamond tail, which returned the 56-metre result.

This hole intersected a felsic porphyry around 20 metres below the 56-metre mineralised zone which also shows mineralisation at the hanging wall and footwall contacts, including 8.25 metres at 1.05 g/t.

Mallina Central section results.

Follow-up drilling to test this significant zone of mineralisation will be carried out shortly.

A Sub-Audio Magnetic (SAM) ground geophysical survey is also planned, subject to review of a recently completed SAM survey at the Mt Berghaus deposit.

High-grade results at Toweranna

At Toweranna, nine diamond tails were drilled to extend selected RC holes targeting the Western and Southern zones.

Results have confirmed mineralisation along these zones and provided important structural information used to updated and refine the geological model, in addition to intersecting significant mineralisation.

Best Western Zone results are:

- 17.3 metres at 3.91 g/t from 50 metres; - 10.2 metres at 2.52 g/t from 144.8 metres, including 0.3 metres at 34.1 g/t from 144.8 metres; - 3.0 metres at 6.23 g/t from 101.8 metres, including 0.3 metres at 44.1 g/t from 104.5 metres; and - 3.97 metres at 24.45 g/t from 172.3 metres, including 2.5 metres at 37.33 g/t from 172.3 metres.

At Southern Zone, best results are:

- 1.4 metres at 9.79 g/t from 100 metres; - 4.1 metres at 5.77 g/t from 67.6 metres, including 1 metre at 23.14 g/t from 70.7 metres; and - 6.8 metres at 4.72 g/t from 55.7 metres, including 0.5 metres at 58.6 g/t from 57.9 metres.

A drilling plan for Toweranna showing new drill intersections.

The high-grade gold tenor of the individual veins and increased overall resource ounces are expected to boost the shallow open pit mining potential of the deposit, which hosts 143,900 ounces.

Follow-up drilling programs are being planned targeting extensions to the resource on the Eastern and Northern granite contacts, in addition to depth extensions.

READ: De Grey Mining finds high-grade gold lodes beneath Withnell open pit

De Grey is ramping up exploration throughout the Pilbara project in a drive to upgrade and expand known resources, as well as discover new deposits.

There are more than 40 identified yet untested soil anomalies along the highly prospective regional scale shear zones and conglomerates.

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Mon, 15 Oct 2018 09:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207022/de-grey-mining-hits-56-metre-intersection-at-304-gt-gold-at-pilbara-project-207022.html
<![CDATA[News - De Grey Mining targets 3-million-ounce resource as investors vote for 100% project ownership ]]> https://www.proactiveinvestors.com.au/companies/news/206449/de-grey-mining-targets-3-million-ounce-resource-as-investors-vote-for-100-project-ownership-206449.html De Grey Mining Limited (ASX:DEG) shareholders have backed the company’s acquisition of Chinese company Indee Gold Pty Ltd giving the Western Australian company the all-clear to take its stake in the flagship Pilbara Gold Project to 100%.

The result is a boost for the company as it focuses on a newly-unveiled target of defining a 3-million-ounce resource.

READ: De Grey Mining boosts gold bounty at Pilbara project to almost 1.4 million ounces

De Grey executive chairman Simon Lill told Proactive Investors yesterday afternoon the company’s shareholders had given their approved for the company to complete the Indee acquisition in a not unexpected endorsement.

Chairman Lill said: “We recognised the value in that ground – and shareholders – so the shareholder hands at the meeting were very much in favour of it.”

The majority of investors in the Subiaco company put their hands up to 11 resolutions yesterday.

Among these were a change in the Pilbara-focused company’s scale of operations, the buy-up of all of Indee’s shares and the swallow-up of the Indee Gold Project.

Lill highlighted most of the 15% increase to the company’s Pilbara project structural gold resources this week to 1.4 million ounces had come from the Indee ground.

He emphasized the acquisition’s other strengths, such as its mining licence, mine camp, water bore licences, haul roads and other good infrastructure.

Lill said: “We’re pretty happy with the acquisition price that will continue to look better as we continue to work on that ground.”

Settlement process

That settlement process is currently approved to take place in the next three months, with De Grey reporting today that ASX Ltd (ASX:ASX) had declined its application for a waiver that would allow it to delay the issue of shares valued at $3 million to seller Northwest Nonferrous Australia Mining Pty Ltd.

The price of the shares was to be divided by 90% of a volume-weighted price.

If De Grey decides it wants to delay an issue of shares to the seller past the next three months, it can present a resolution at another meeting.

Chairman Lill said:  “We have the option with the Indee acquisition to defer settlement by another 6 months and we are looking through all our options at the moment as to how we settle the option for the Indee agreement anyway, so it’s possible we have to go back to shareholders at some stage.”

The chairman indicated the company could hold another vote in April or mid-May if it was working towards a July 27, 2019 delayed settlement deadline.

 

Indee gold

Indee brings 746,200 ounces to the Pilbara Gold Project which became 1.4 million structural gold ounces earlier this week with a resource update that added 15% to project resources.

Lill said: “Our resources overall have increased to 1.4 million ounces, that were previously just over 1.2, most of those increases are on the Indee land in part that’s because that’s where most of our drilling had been but also in part that’s where we had specifically been targeting some increases.

“We’ve come up, with the resource upgrade, that the acquisition of Indee is now at $17 an ounce and that price will continue to reduce, as we find more resources.”

READ: De Grey Mining excavating conglomerate gold horizon in Pilbara Gold Rush territory

 

De Grey's Pilbara Gold Project land tenure.

Indee gold

Indee brings 746,200 ounces to the Pilbara Gold Project which became 1.4 million structural gold ounces earlier this week with a resource update that added 15% to project resources.

Lill said: “Our resources overall have increased to 1.4 million ounces, that were previously just over 1.2, most of those increases are on the Indee land in part that’s because that’s where most of our drilling had been but also in part that’s where we had specifically been targeting some increases.

“We’ve come up, with the resource upgrade, that the acquisition of Indee is now at $17 an ounce and that price will continue to reduce, as we find more resources.”

READ: De Grey Mining excavating conglomerate gold horizon in Pilbara Gold Rush territory

De Grey’s updated Pilbara estimate shared on Wednesday includes all drilling up to the end of July 2018 and incorporates 11.02 million tonnes at 1.5 g/t for 529,900 ounces in oxide mineralisation and 16.23 million tonnes at 1.7 g/t in fresh material.

Indee features 385 square kilometres of what De Grey views as prospective tenure, a 20-man expandable camp and the Loudens Patch, Steel Well and Jarret Well conglomerate gold targets.

 

Next steps — a PFS and ambitious drilling target

This week De Grey has been updating investors on its next steps — sharing a presentation delivered by executive chairman Simon Lill at the Precious Metals Investment Symposium in Perth late yesterday and to be shared on the road by technical director, geologist Andrew Beckwith, who is undertaking a North American roadshow.

Beckwith said in July: “The more drilling we do, the more gold we find.”

Lill confirmed yesterday the company was working on its pre-feasibility study which it believed it would be useful, telling Proactive Investors that unlike other PFS-producers, the company did not plan to move straight on to a definitive feasibility study.

De Grey it is focused instead on a key corporate goal Lill and the company unveiled yesterday in a presentation, to define more than 3 million ounces at the project.

Lill said: “We will look forward to the outcomes.”

READ: De Grey Mining finds high-grade gold lodes beneath Withnell open pit

The company’s key message with its presentation is it strongly believes the Pilbara project has the potential to host multi-million-ounces of resource and it was ensuring “growth through discovery”.

Lill said: “We’re working out what we do have and how big this thing could be.

“We are now talking scale — 1.4 million ounces is a nice figure, 3 million ounces, that’s also a nice figure. Let’s have a look and say when we get to 3 million ounces let’s ask ourselves, ‘Is this going to 5 (million ounces) and beyond?’ So that’s going to be the excitement over the next 2 years for us.”

The company expects to go deeper with its drilling and define more resources, with two drilling programs underway.

Lill said: We are seeing grades increase as we go deeper.

“There is a huge opportunity to add ounces.”

De Grey hopes to model building a standalone gold-mining centre in its PFS and take production to 10 kilo-ounces a year during a 7-year-or-longer mine life.

The company reported on Thursday it was making a significant rate of return on investment and had sufficient cashflow to take it through to production.

Major shareholder back ounce-building

The company’s existing shareholder base includes supportive major shareholder Kirkland Lake Gold Ltd (ASX:KLA) (TSE:KL) (NYSE:KL) (FRA:NGDA) which held 9.2% and neighbour DGO Gold Limited, which had 6.9% in a stake controlled by explorer and company investor Eduard Eshuys.

Lill acknowledged yesterday: “We have two significant shareholders, DGO Gold (and) Kirkland Lake, Kirkland Lake is a very large company with a growing balance sheet, both of them are invested very much so in our shear zone.”

Two months ago, explorer Eshuys told I his company viewed De Grey prospectivity as having “enormous potential”.

Eshuys said: “We think that on the De Grey land we should be able to find gold at something like $10 an ounce.”

DGO’s estimate of De Grey’s cost of finding resources is $15 less an ounce than the $25 average costs estimated in a recent industry review and $2 an ounce cheaper than the current estimate of the Indee pick-up.

De Grey’s chairman said both the company’s significant shareholders supported growing resources over pursuing near-term production opportunities.

Lill said: “They want to see us developing, drilling, working out what we do have and what this thing could be.”

De Grey’s open-pit pre-feasibility study for the northwest project is expected to outline near-term mining options and is expected in the new year.

Lill said the company had seen how the market responded to junior companies wanting to jump into production.

Chairman Lill said: “We have talked about getting into production as quickly as we can (but) I think what we’re looking at in the stock market arena though is the production profile of juniors, the ASX is not rewarding them for saying they’re going to go into production — they’re penalising them.

“I think we’re better off going the route that we are, looking at the scale, having a really good look at it and that’s where our two major shareholders wish us to go as well.

“We’ve got their support, so it’s great.”

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Fri, 05 Oct 2018 15:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206449/de-grey-mining-targets-3-million-ounce-resource-as-investors-vote-for-100-project-ownership-206449.html
<![CDATA[News - De Grey Mining boosts gold bounty at Pilbara project to almost 1.4 million ounces ]]> https://www.proactiveinvestors.com.au/companies/news/206241/de-grey-mining-boosts-gold-bounty-at-pilbara-project-to-almost-14-million-ounces-206241.html De Grey Mining Limited (ASX:DEG) has boosted its golden bounty at the Pilbara Gold Project in WA by 15%, or 183,800 ounces, to almost 1.4 million ounces.

Importantly, the new estimate of 27.25 million tonnes at 1.6 g/t gold includes a 44% increase in indicated resources to 491,800 ounces and the combined measured and indicated resource is up 25% to 739,200 ounces.

This will provide for the higher conversion of mineral resource to open pit ore reserves as part of the Open Pit Pre-Feasibility Study (PFS) which is underway.

READ: De Grey Mining excavating conglomerate gold horizon in Pilbara Gold Rush territory

This increase also indicates that a more significant mine life may be defined in the PFS, than previously reported in the 2017 scoping study.

The majority of the new resources, including increases in the measured and indicated categories, fall within the top 100 metres from surface.

There are 391,000 more shallow ounces than in the scoping study and these will be evaluated in the PFS.

De Grey is confident of adding further resources from the known deposits, which remain open, and the numerous untested regional targets.

New drilling underway

In this regard, a new reverse circulation (RC) drilling program is underway at the Farno McMahon joint venture tenement.

Around 900 metres will be drilled at White Quartz Hill prospect targeting large outcropping quartz veins associated with historical prospector activity over a strike length of around 200 metres.

This prospect is only 9 kilometres southeast of the Withnell trend.

Prospects on the Farno McMahon joint venture close to the Withnell trend.

At the Clarke prospect around 700 metres will then be drilled targeting high-grade gold rock samples from outcropping quartz veins over a strike length of around 150 metres.

Both drilling programs are expected to be completed this month with De Grey also planning geological mapping of various prospects.

De Grey has a four-year option to earn 75% of the E47/2502 tenement from Farno McMahon Pty Ltd.

READ: De Grey Mining finds high-grade gold lodes beneath Withnell open pit

The updated Pilbara estimate, which includes all drilling up to the end of July 2018, incorporates 11.02 million tonnes at 1.5 g/t for 529,900 ounces in oxide mineralisation and 16.23 million tonnes at 1.7 g/t in fresh material.

Prospects in De Grey's Pilbara Gold Project, southeast of Port Hedland.

The focus of recent drilling has been on increasing the geological confidence and continuity of mineralisation within the scoping study pit optimisation shells and immediate along strike extensions.

De Grey said the drilling programs had been highly successful in these regards.

READ: De Grey Mining expects upgrade to 1.2 million ounce resource at Pilbara Gold Project

The shallow nature of the resources is an underlying theme of all drilling across the Pilbara project.

All deposits discovered to date show gold mineralisation from surface and constrained by drilling.

They remain open along strike and at depth beyond the current limits of drilling.

In all circumstances, except for Withnell and Wingina, the deposits have rarely been targeted beyond 100 metres depth.

Deeper drilling will form an integral component of future drilling campaigns as will further drilling along strike.

De Grey strongly believes the project has the potential to host multi-million-ounce resources.

De Grey will hold a general meeting this Friday at 11am local time at Perth’s QV1 Conference Centre at 250 St Georges Terrace.

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Wed, 03 Oct 2018 10:57:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206241/de-grey-mining-boosts-gold-bounty-at-pilbara-project-to-almost-14-million-ounces-206241.html
<![CDATA[News - De Grey Mining excavating conglomerate gold horizon in Pilbara Gold Rush territory ]]> https://www.proactiveinvestors.com.au/companies/news/206074/de-grey-mining-excavating-conglomerate-gold-horizon-in-pilbara-gold-rush-territory-206074.html De Grey Mining Ltd (ASX:DEG) will begin testing what could be more conglomerate gold nuggets from its Pilbara Gold Project 80 kilometres southwest of Port Hedland.

The company, whose 1.2 million ounce Pilbara project resource is made up of structural gold, has started trenching with an excavator to expose a conglomerate horizon at Loudens Patch.

 

READ: De Grey Mining finds high-grade gold lodes beneath Withnell open pit

Earlier today the company reported it had found high-grade structural gold beneath a planned open pit at Withnell on the project.

This afternoon the company said its trenching and bulk-sampling program at Loudens Patch would focus on the Louden West area.

More than 200 gold nuggets were discovered in the area with metal detectors, with De Grey saying today the nuggets were “associated with limited conglomerate outcrops and historic alluvial workings.”

READ: De Grey Mining partner snapped up by deal-hungry Novo Resources

Loudens South is the company’s next conglomerate horizon target before it moves on to fellow Pilbara Gold prospects Jarret Well and Steel Well.

De Grey has found thicker conglomerate units at the two well prospects.

Earlier this year, in March, the company reported it had found widespread visible gold and nuggets at its project.

The Pilbara region has enjoyed a renaissance gold rush since watermelon seed-style conglomerate gold nuggets were found in the region by prospectors.

READ: De Grey Mining hits high-grade gold at Mt Berghaus, likely to add to Pilbara bounty

Canadian giant Novo Resources (TSX-V:NVO) (CVE:NVO) (FRA:1NO) (OTCMKTS:NSRPF) jumped at the conglomerate gold opportunity and snapped up land rights, holding onto conglomerate booties Comet Well and Purdy’s Reward.

The high-profile Canadian began accumulating holdings in the Pilbara region in 2011 with its investment in the Beatons Creek Gold Project and tenements held by explorationist Mark Creasy.

Last week Novo announced it would snap up De Grey Mining Limited’s joint venture partner in the Pilbara’s Egina district for $8 million, in a cash-and-scrip deal with Farno McMahon Pty Ltd and its shareholders.

De Grey was a 4% shareholder in Farno and accepted Novo’s cash and scrip offer, to bank $100,000 cash and secure $220,000 of Novo shares at C$4.107 each.

Novo’s shareholders also include Kirkland Lake Gold Ltd (ASX:KLA) (TSE:KL) (NYSE:KL) (FRA:NGDA), Newmont Mining Corp (NYSE:NEM) (SWX:NEM) (ETR:NMM) (VIE:NEWM) and Canadian businessman Eric Sprott.

Novo Resources Corp is also farming into a 70% interest in the four tenements that make up Pioneer Resources Ltd’s (ASX:PIO) Kangan Gold Project in Engina district.

READ: Pioneer Resources outlines Pilbara gold strategy

De Grey shareholders will vote on 11 resolutions at its shareholder meeting this week, wading in on whether to back the company’s proposed acquisition of Indee Gold Pty Ltd from Northwest Nonferrous Australia Mining Pty Ltd and change De Grey’s scale of operation.

Earlier this year, De Grey agreed to buy up all of Indee’s shares and needs shareholder backing of the transaction.

If approved, the company will need to serve up $10.4 million cash and $3 million De Grey shares if investors back its share-issue.

De Grey will hold a general meeting this Friday at 11am local time at Perth’s QV1 Conference Centre at 250 St Georges Terrace.

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Mon, 01 Oct 2018 04:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206074/de-grey-mining-excavating-conglomerate-gold-horizon-in-pilbara-gold-rush-territory-206074.html
<![CDATA[News - De Grey Mining finds high-grade gold lodes beneath Withnell open pit ]]> https://www.proactiveinvestors.com.au/companies/news/206034/de-grey-mining-finds-high-grade-gold-lodes-beneath-withnell-open-pit-206034.html De Grey Mining Ltd (ASX:DEG) has confirmed two high-grade gold lodes immediately beneath the proposed Withnell open pit at its Pilbara Gold Project in Western Australia.

The lodes were intersected in a 15-hole diamond drilling program which aimed to infill and confirm continuity, grade distribution and geological definition of each lode.

A 2017 open-pit mining scoping study at Withnell outlined the potential to extend the previously mined 45-metre open pit to a new depth of around 120 metres.

A further two lodes have been identified in the area and provide further resource potential, but these have not yet been tested.

 

Highlighted results from the first lode include: 4.85 metres at 8.46 g/t from 158.15 metres, including 0.35 metres at 70.4 g/t from 159.2 metres; 5.6 metres at 5.24 g/t from 166.3 metres, including 0.95 metres at 21.3 g/t from 170.2 metres; and 1.4 metres at 20.05 g/t from 228.7 metres.

The second lode delivered assays of 3.8 metres at 6.85 g/t from 151.7 metres and 7.97 metres at 7.48 g/t from 137.03 metres, including 2.5 metres at 14.52 g/t from 138.5 metres.

The results indicate a large gold system with multiple high-grade stacked lodes, open at depth and along strike, beneath the 377,300-ounce Withnell resource.

READ: De Grey Mining partner snapped up by deal-hungry Novo Resources

De Grey technical director Andy Beckwith said: “Our focus going forward will be to continue step-out drilling to define the limits of the high-grade lodes both down-dip and along strike.

“The potential to materially increase resources and improve economics to include high-grade underground mining is compelling.”

The results have successfully confirmed:

Lode definition, geology and continuity along-strike and dip;

High-grade nature of mineralisation;

Stacked nature of lodes and potential for additional splays off the main lodes;

High strike rate of intersecting both lodes 1 and 2, along-strike and down-dip;

Previous drill intersections, both low and high-grade, which provides confidence in the deeper wide-spaced drill results; and

Potential for higher grade shoots within the broad mineralised system.

Withnell plan showing proposed open pit cutback and the 4 known underground lodes

  READ: De Grey Mining hits high-grade gold at Mt Berghaus, likely to add to Pilbara bounty

The economic impact of a high-grade underground mine being added to the proposed open pit mining strategy is substantial in terms of potential to increase revenues, mine life and annualised production rates.

De Grey’s Pilbara project has strong potential to define additional resources along its plus-200-kilometre strike length of mineralised shear zones.

Only 10% of the shear zones have undergone detailed shallow reverse circulation (RC) and diamond drilling to a nominal depth of 100-150 metres, which has already defined mineral resources containing over 1.2 million ounces of gold.

Follow-up diamond drilling is expected to test Withnell’s depth extensions and define the limits of the gold mineralisation associated with the discovered lodes.

Subsequent infill drilling, subject to positive results, will aim to better define higher-grade shoots within the broader mineralisation.

De Grey will hold a general meeting this Friday at 11am local time at Perth’s QV1 Conference Centre at 250 St Georges Terrace.

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Sun, 30 Sep 2018 21:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206034/de-grey-mining-finds-high-grade-gold-lodes-beneath-withnell-open-pit-206034.html
<![CDATA[News - De Grey Mining partner snapped up by deal-hungry Novo Resources ]]> https://www.proactiveinvestors.com.au/companies/news/205077/de-grey-mining-partner-snapped-up-by-deal-hungry-novo-resources-205077.html Novo Resources Corp of Canada (TSX-V:NVO) (CVE:NVO) (FRA:1NO) (OTCMKTS:NSRPF) will snap up De Grey Mining Limited’s (ASX:DEG) joint venture partner in the Egina district of Western Australia’s Pilbara region for $8 million, in a cash-and-scrip deal with Farno McMahon Pty Ltd and its shareholders.

The deal, if executed after a due diligence period, will leave De Grey with a new joint venture partner for its E47/2502 tenement farm-in project.

READ: De Grey Mining hits high-grade gold at Mt Berghaus, likely to add to Pilbara bounty

De Grey was a 4% shareholder in Farno and has accepted Novo’s cash and scrip offer, which is worth a total $100,000 cash to De Grey and brings with it $220,000 of Novo shares priced at C$4.107 each.

The total cash payment for Novo’s buy-up is $2.5 million, including a $150,000 initial amount already paid, and $5.5 million in Toronto Stock Exchange-listed Novo common shares.

De Grey’s JV with Farno, announced on August 21 last year, allows it to earn into 75% of the tenement by spending $4 million over 4 years.

READ: De Grey Mining expects upgrade to 1.2 million ounce resource at Pilbara Gold Project

The tenement is one of four Farno holds 100% of in the Egina district of Western Australia’s Pilbara region which Novo considers prospective for conglomerate gold.

Farm-in play De Grey reported today: “De Grey is currently undertaking heritage clearance work as part of the final planning towards commencement of the first significant reverse circulation drilling program across the tenement since 2005, which it expects to commence in October.”

De Grey is near on a year into the deal.\

De Grey gold mineralisation.

Novo highlights value in Egina

Novo Resources chairman and president Quinton Hennigh told the Canadian market overnight yesterday: “Egina has long been known as an important Pilbara gold district.

“Gold nuggets have been found in modern surface gravels over a vast area around Egina since the late 1800s.

“Upon researching the distribution and nature of gold nuggets earlier this year, Novo has concluded these are largely derived from weathering and erosion of basal Fortescue conglomerates similar to those at Comet Well and Purdy’s Reward.

“This makes Egina particularly intriguing.”

Comet Well and Purdy’s Reward are Novo assets in so-called Pilbara Gold Rush territory.

Hennigh said: “In our view, not only is there potential for the discovery of gold-bearing conglomerates, there is also very good potential for significant surface gold deposits occurring in modern lag gravels.

“Acquisition of the core tenements at Egina consolidates Novo’s position in this potentially very important gold district.”

De Grey's Mt Roe Basalt in the vicinity of Novo ground is prospective for conglomerate gold.

Pioneer farm-in

Novo also announced a deal with Pioneer Resources Ltd (ASX:PIO) where it would farm into a 70% interest in precious metal rights on the four Egina subregion exploration tenements that make up the Kangan Gold Project.

Novo will pay a $200,000 signing fee to Pioneer, issue 100,000 fully paid Novo shares worth about $380,000 and sole-fund exploration for 2 years to the tune of $500,000.

The Canadian company may then opt to form a JV and would fund it up to a decision to mine.

READ: Pioneer Resources confirms A-grade potassium feldspar at Sinclair caesium mine

TSX-listed Novo would also subscribe to $1 million of Pioneer ordinary shares as part of the transaction, at 2 cents a share in a private placement.

Pioneer managing director David Crook said: “Attracting Novo to the project endorses the quality of the Kangan Gold Project.

“Novo has steadily increased its position within the Pilbara as the conglomerate gold genesis model gained veracity and, most recently, has entered into this specific agreement with Pioneer targeting the Kangan project as a good fit with the prevailing exploration model.”

READ: Pioneer Resources gains approval for mining proposal at Sinclair Caesium Deposit

Novo begun accumulating holdings in the Pilbara region in 2011 with its investment in the Beatons Creek Gold Project and tenements held by explorationist Mark Creasy.

Creasy is among Novo’s major shareholders which also include Kirkland Lake Gold Ltd (ASX:KLA) (TSE:KL) (NYSE:KL) (FRA:NGDA), Newmont Mining Corp (NYSE:NEM) (SWX:NEM) (ETR:NMM) (VIE:NEWM) and Canadian businessman Eric Sprott.

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Mon, 17 Sep 2018 23:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205077/de-grey-mining-partner-snapped-up-by-deal-hungry-novo-resources-205077.html
<![CDATA[News - De Grey Mining hits high-grade gold at Mt Berghaus, likely to add to Pilbara bounty ]]> https://www.proactiveinvestors.com.au/companies/news/204479/de-grey-mining-hits-high-grade-gold-at-mt-berghaus-likely-to-add-to-pilbara-bounty-204479.html De Grey Mining Limited (ASX:DEG) has received further strong gold hits from drilling at the Mt Berghaus deposit of its Pilbara Gold Project in WA that are expected to increase overall resources.

The infill drilling has provided further evidence of shallow gold mineralisation which is expected to improve open pit mining shells which are being formulated as part of a pre-feasibility study (PFS).

READ: De Grey Mining expects upgrade to 1.2 million ounce resource at Pilbara Gold Project

Best results from the Main Lode are 26 metres at 3.45 g/t gold from 3 metres, including 3 metres at 24.37 g/t from 3 metres; and 17 metres at 3.25 g/t from 28 metres, including 4 metres at 7.92 g/t from 33 metres.

North Lode best results are 13 metres at 3.49 g/t from 16 metres, including 4 metres at 10.35 g/t from 21 metres; and 11 metres at 4.92 g/t from 22 metres, including 2 metres at 24.07 g/t from 27 metres.

 

De Grey’s technical director Andy Beckwith said, “Infill drilling at Mt Berghaus has confirmed significant shallow gold mineralisation which we expect will increase overall resources and positively impact open pit mining optimisation studies as we progress the PFS.”

In March, the company began an infill and extensional reverse circulation (RC) drilling program, targeting improved and additional resources at Mt Berghaus, Mallina, Toweranna and Amanda deposits.

Updated resource model expected

The latest results from 76 holes for 5,155 metres at Mt Berghaus will be included in the updated 2018 resource model.

This RC drilling has focused on infilling existing resource areas to improve the geological understanding and continuity of mineralisation to allow for improved modelling and resource categories.

A regional plan showing the 5-kilometre-long Mt Berghaus gold system.

It has also been seeking additional extensions beyond the current resources and 2017 scoping study open pit shells.

READ: De Grey Mining updates on Indee Gold acquisition

Other strong Main Lode results are:

- 18 metres at 2.48 g/t from 0 metres; - 24 metres at 2.05 g/t from 21 metres, including 4 metres at 6.24 g/t from 40 metres; - 23 metres at 2.2 g/t from 2 metres, including 6 metres at 5.22 g/t from 12 metres; - 17 metres at 2.08 g/t from 42 metres, including 9 metres at 3.5 g/t from 42 metres; - 8 metres at 5.92 g/t from 49 metres, including 2 metres at 21.81 g/t from 49 metres; and - 2 metres at 12.83 g/t from 61 metres.

The North Lode also returned:

- 21 metres at 2.22 g/t from 26 metres, including 3 metres at 8.45 g/t from 44 metres; and - 9 metres at 2.62 g/t from 55 metres.

Visible gold in core from the Pilbara Gold Project.

These results continue to reinforce shallow and robust drilling intersections along the 1.2-kilometre mineralised trend, which remains open and generally untested along large portions of the 5-kilometre long anomaly.

140,800 ounce Mt Berghaus resource

The Mt Berghaus resource stands at 3.52 million tonnes at 1.2 g/t for 140,800 ounces and the latest drilling results provide further expectation of improved resource categories and resource ounces.

Once a new resource model has been completed, open pit mining optimisations will be undertaken as part of the wider Pilbara Gold - Open Pit Mining Pre-Feasibility Study.

A program of short diamond tails is planned to begin shortly planned to extend existing RC holes to gain further geological information.

Follow-up drilling

This will be used to plan follow-up drilling, which is likely to include targeting shallow lateral extensions and deeper higher grade underground style mineralisation.

De Grey plans to carry out a trial Sub-Audio Magnetic (SAM) geophysical survey over the Mt Berghaus anomaly, targeting greater definition of the gold hosting structures.

Successful definition of the controlling gold structures would allow for targeted RC and/or aircore drill testing in the search for additional shallow resources.

Planning of this survey is underway and is expected to be completed during October, subject to contractor availability.

READ: De Grey Mining’s drilling intersects multiple conglomerate beds at Steel Well

The Pilbara Gold Project has excellent potential to define significant additional resource ounces along its 200 kilometre-plus strike length of mineralised shears zones throughout the 1,500 square kilometre land holding.

To date, around 10% of the shear zones have received detailed shallow RC and diamond drilling to a nominal depth of 100-150 metres.

This has already defined mineral resources containing more than 1.2 million ounces of gold.

A resource update is underway and is expected to be reported in late September/early October of 2018.

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Mon, 10 Sep 2018 12:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204479/de-grey-mining-hits-high-grade-gold-at-mt-berghaus-likely-to-add-to-pilbara-bounty-204479.html
<![CDATA[News - De Grey Mining updates on Indee Gold acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/204286/de-grey-mining-updates-on-indee-gold-acquisition-204286.html De Grey Mining Ltd (ASX:DEG) will put two resolutions to shareholders at an upcoming meeting related to the acquisition of Indee Gold Pty Ltd.

In February 2018, De Grey agreed to purchase 100% of the shares in Indee, and in accordance with the ASX rules, must obtain necessary shareholder approvals.

To date, total consideration remaining to settle includes $10.4 million cash and $3 million in De Grey shares, the latter which requires shareholder approval.

READ: De Grey Mining expects upgrade to 1.2 million ounce resource at Pilbara Gold Project

Throughout the first half year of 2018, De Grey has been aggressively drilling across many of the gold deposits to improve and increase resources at the Pilbara Gold Project in Western Australia.

Resource update coming soon

The resource models are currently being updated based on drilling completed to the end of July 2018.

The 2018 resource update report is anticipated in late September/early October and the updated resources will be used as the basis for new open-pit mining optimisations.

Pre-feasibility studies well advanced

Detailed pre-feasibility study activities are well advanced with a major focus on metallurgy and plant design.

The metallurgy test work is nearing completion and GR Engineering have commenced defining a suitable processing flow sheet, prior to design and costing.

Deeper drilling results expected this month

Additional deeper diamond drilling has been completed at both the largest Withnell and Wingina gold deposits, targeting higher grade underground resource definition and extensions.

Initial results of this drilling are expected to be reported during September.

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Thu, 06 Sep 2018 08:58:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204286/de-grey-mining-updates-on-indee-gold-acquisition-204286.html
<![CDATA[News - De Grey Mining expects upgrade to 1.2 million ounce resource at Pilbara Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/203654/de-grey-mining-expects-upgrade-to-12-million-ounce-resource-at-pilbara-gold-project-203654.html De Grey Mining Limited (ASX:DEG) is completing a pre-feasibility study for its structural gold project in the Pilbara region of WA, whilst continuing to drill to add to its existing 1.2 million ounce resource.

The company’s lead project is titled the Pilbara Gold Project, and its name reflects its location in prime Pilbara Gold Rush country.

Conglomerates in the mix

The project is east of Novo Resources Corp’s (CVE:NVO) (FRA:1NO) (OTCMKTS:NSRPF) land tenure and contains its own watermelon-seed-style coarse-grained gold similar to what the Canadian company found near Karratha in Western Australia’s northwest.

De Grey executive chairman Simon Lill spoke to Proactive Investors and emphasised the company’s point of difference to other players in the region — it has the “X-factor” of conglomerate gold but also traditional structural shear-zone-hosted gold resources.

Lill said: “Other companies in the region only have the conglomerates, they don’t have 1.2 million ounces — and growing — in structural gold.”

 

The executive chairman highlighted the company had more than 200 kilometres in shear zones that carried mineralisation.

Lill also noted that the project’s existing structural gold resources are more than 50% measured and indicated, a value he estimates at $20 to $30 million, given the savings the company can make on resource upgrade drilling.

The mineralisation is found on more than 1,500 square kilometres De Grey holds in the Pilbara region.

Lill said: “We’ve got more than 200 kilometres in shear zones that are carrying mineralisation, so all of these deposits and resources that we’ve got are along (the) shear zones.”

Less than 10% of the shears have been drill-tested, with very few holes found below a 150-metre depth.

READ: De Grey Mining’s drilling intersects multiple conglomerate beds at Steel Well


De Grey’s land tenure in the Pilbara extends over more than 1,500 square kilometres.

Historically, only the outcrops were drilled, so there are gaps in defining resources along the shear.

Orphan holes in between existing deposits have had stand-out results, such as Edkins in between the Amanda and Wingina deposits with 2 metres at 43.2 g/t and 3m at 29.3 g/t.

Lill said: “There is so much exploration potential in what we’re doing.”

Geologist Andy Beckwith has joined De Grey as a technical executive and shareholder and has conveyed his confidence in the quality of the Pilbara Gold Project to the market.

Beckwith said in July: “The more drilling we do, the more gold we find.”

A 0.2 gram gold nugget was found on a bulldozer track that exposed a small section of outcropping boulder conglomerate.

Pre-feasibility study pending

Drilling at the project undertaken over the past few months will be incorporated into a pending resource upgrade that will help inform the prefeasibility study for the project.

De Grey is completing an economic assessment for the wider pre-feasibility study expected in the December quarter.

READ: De Grey Mining’s high-grade results expected to boost gold bounty at Pilbara project

De Grey’s executive chairman told Proactive Investors there were two ways the company could proceed.

Lill said: “At the moment our next four months is prefeasibility and ongoing drilling. The prefeasibility study will then provide a decision point.

“The prefeasibility, we’re comfortable, will show a 7-plus year mine life and a million tonnes per annum to produce greater than 60,000 ounces per annum.”

He acknowledged that route would involve a financing process and building a plant.

READ: Diggers and Dealers Mining Forum focuses on growth, exploration and acquisitions

Conglomerate beds were found at Steel Well Prospect.

Lill said: “The competing theory is that we’ve got plenty of room to explore … we’ve got a very experienced and competent geological team that know the area — we are set up to explore and we have a lot of opportunity — that might be a better way for us to go for a while.”

A number of large resources companies made it clear during this year’s Diggers and Dealers Mining Forum they were on the hunt for new projects.

High-quality resources, such as De Grey’s mostly measured and indicated resource, could look good on a buyer’s statement.

The company’s existing shareholder base includes supportive major shareholder Kirkland Lake Gold Ltd (ASX:KLA) (TSE:KL) (NYSE:KL) (FRA:NGDA) which holds 9.2% and neighbour DGO Gold Limited, which has a 6.9% stake controlled by explorer and company investor Eduard Eshuys.

De Grey’s directors and management hold a collective 3.9% stake.


Pyritic horizons were identified throughout the conglomerate sequence found at Steel Well.

An investor perspective

DGO executive chairman Ed Eshuys told Proactive Investors that the company viewed De Grey as an “outstanding investment opportunity” due to its enormous prospectivity and relatively low cost of adding ounces.

Geologist Eshuys said: “DGO has invested in De Grey because in our view it has an outstanding package of land that has a 200-kilometre strike length and has been very lightly explored … both along strike and at depth.

“If you look at the De Grey presentations you can see that apart from having 200 kilometres of strike, they already have some 40 gold anomalies that remain to be followed up (and) 11 areas where there’s gold known, where’s there’s been gold drilling.

“When we compare that to similar companies to De Grey and similar land packages, the land package of De Grey is just far ahead of any opportunity we’ve seen in Western Australia.”

READ: De Grey Mining intersects pyritic conglomerate gold at Jarrett Well Prospect

The corporate investor said DGO’s view was the reason the opportunity had been ignored was because it was in WA’s Pilbara region and not Australia’s eastern goldfields.

Eshuys said: “The prospectivity is such that it is enormous potential.”

He pointed to De Grey’s comparative low of cost of discoveries, as measured in exploration dollars per ounce.

Eshuys said: “We’ve done very detailed analysis of the prospectivity and the cost of outlining that prospectivity in terms of the number of ounces that may be discovered and we’ve looked at that and compared that with other companies have reported their exploration costs to be.

“We think that on the De Grey land we should be able to find gold at something like $10 an ounce.”

DGO’s estimate of De Grey’s cost of finding resources is $15 less an ounce than the average costs estimated in a recent industry review.

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Mon, 27 Aug 2018 23:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203654/de-grey-mining-expects-upgrade-to-12-million-ounce-resource-at-pilbara-gold-project-203654.html
<![CDATA[News - De Grey Mining’s drilling intersects multiple conglomerate beds at Steel Well ]]> https://www.proactiveinvestors.com.au/companies/news/202631/de-grey-minings-drilling-intersects-multiple-conglomerate-beds-at-steel-well-202631.html De Grey Mining Limited (ASX:DEG) has intersected conglomerate beds in the first diamond core hole completed at the Steel Well Prospect within its Pilbara Gold Project in Western Australia.

The drilling returned multiple conglomerate beds down-dip of outcropping conglomerate, greywacke and siltstone units demonstrating overall true thickness of 68 metres.

Notably, multiple pyritic horizons were identified throughout the conglomerate sequence.

Pyrite-bearing pebble conglomerate at 14.20 metres

The Pilbara Gold Project has excellent potential for additional resources along the 200+ kilometres strike length, with only 10% of the shear zones having received detailed drilling to date to successfully define a +1.2 million gold ounces resource.

De Grey technical director Andy Beckwith said: “Our geological understanding of the conglomerate sequence at both Jarret Well and Steel Well has increased markedly and the multi-element assays are intended to focus the future bulk sampling on the preferred gold anomalous portions of the units.

“We now have pyrite bearing conglomerate units at all three prospects.”

Gold nugget

Recent metal detecting along the new access track to the drill site resulted in the discovery of a single gold nugget.

The gold nugget (0.2 grams) was found south of the Steel Well drill collar where the bulldozer track exposed a small section of outcropping boulder conglomerate.

Steel Well gold nugget found on access track

This nugget is the first discovered in proximity to the conglomerate outcrops at Steel Well.

De Grey has planned soil sampling programs for the Loudens Patch, Jarret Well and Steel Well prospects in the coming weeks.

 

The aim of the soil sampling is to identify and delineate the potential gold-bearing conglomerate horizons and highlight areas with high gold soil tenor which can be preferentially targeted in the upcoming bulk sampling program.

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Fri, 10 Aug 2018 11:31:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202631/de-grey-minings-drilling-intersects-multiple-conglomerate-beds-at-steel-well-202631.html
<![CDATA[News - De Grey Mining’s high-grade results expected to boost gold bounty at Pilbara project ]]> https://www.proactiveinvestors.com.au/companies/news/202323/de-grey-minings-high-grade-results-expected-to-boost-gold-bounty-at-pilbara-project-202323.html De Grey Mining Limited (ASX:DEG) expects to increase its 1.2 million ounce gold bounty at the Pilbara project in Western Australia after receiving high-grade results from recent drilling.

A new estimate is being prepared to include recent results from the Amanda and Amanda East deposits at the project, which is 60 kilometres south of Port Hedland.

 

Best result from the reverse circulation (RC) drilling at Amanda is 14 metres at 4.94 g/t gold from 19 metres, including 6 metres at 10.85 g/t from 20 metres.

Amanda East returned a strong result of 23 metres at 1.35 g/t from 10 metres, including 6 metres at 3.93 g/t from 20 metres.

This was the first detailed drilling carried out at the Amanda deposit since 2007 and has provided improved understanding and upside potential.

READ: De Grey Mining’s drilling expands high-grade gold footprint at Pilbara project

There were 16 holes drilled at Amanda for 978 metres and 17 holes at Amanda East for 1,092 metres.

The drilling was part of an infill and extensional RC program targeting improved and additional resources at the Mt Berghaus, Mallina, Toweranna and Amanda deposits.

At Amanda, mineralisation is open at depth and along strike to east and west, as well as the 500 metres of strike between the Amanda and Amanda East zones.

High-grade results

Other high-grade Amanda zone results are:

12 metres at 1.46 g/t from 14 metres, including 6 metres at 2.62 g/t from 18 metres; 13 metres at 1.23 g/t from 37 metres; and 15 metres at 1.00 g/t from 34 metres.

Amanda East also returned:

7 metres at 2.84 g/t from 9 metres; 7 metres at 2.39 g/t from 38 metres; 7 metres at 2.22 g/t from 43 metres; and 12 metres at 1.34 g/t from 16 metres.

To date, De Grey has defined more than 1.2 million ounces of gold across the 1,480 square kilometre Pilbara project, including 35,400 ounces at the Amanda deposit.

Many anomalies are untested

Only 10% of the 200-plus kilometres of mineralised shear zones have received detailed shallow RC and diamond drilling to a nominal depth of 100-150 metres.

There are more than 40 identified yet untested soil anomalies along the highly prospective regional-scale shear zones and conglomerates.

The Amanda deposit is within the Tabba Tabba Thrust, which also hosts the 287,700-ounce Wingina deposit 8.5 kilometres to the southwest.

Whilst Amanda and Wingina are essentially outcropping, limited detailed exploration drilling has occurred along the intervening strike length where mineralisation is outcropping and undercover.

The Edkins prospect is a prime example where previously reported high-grade RC drilling results of 2 metres at 43.2 g/t, 3 metres at 29.3 g/t and 3 metres at 7.3 g/t have not been followed-up.

Future work programs

Planning is underway for more systematic aircore/RAB drilling traverses targeting mineralisation masked by the thin veneer of sand cover, together with more detailed mapping and sampling of outcropping ridges along the Tabba Tabba Thrust.

As well as this drilling and preparation of a resource estimate, De Grey also proposes open pit mining optimisations as part of a pre-feasibility study economic assessment.

Infill RC drilling is also proposed between the two deposits utilising a specialised track-mounted RC rig capable of drilling shallow angled drill holes in areas where access for larger drill rigs is limited.

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Tue, 07 Aug 2018 09:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202323/de-grey-minings-high-grade-results-expected-to-boost-gold-bounty-at-pilbara-project-202323.html
<![CDATA[Media files - De Grey Mining intersects pyritic conglomerate at Jarrett Well ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9978/de-grey-mining-intersects-pyritic-conglomerate-at-jarrett-well-9978.html Mon, 30 Jul 2018 09:20:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9978/de-grey-mining-intersects-pyritic-conglomerate-at-jarrett-well-9978.html <![CDATA[News - De Grey Mining intersects pyritic conglomerate gold at Jarrett Well prospect ]]> https://www.proactiveinvestors.com.au/companies/news/201307/de-grey-mining-intersects-pyritic-conglomerate-gold-at-jarrett-well-prospect-201307.html De Grey Mining Ltd (ASX:DEG) has completed its first stratigraphic diamond core hole at the Jarret Well prospect within its Pilbara Gold Project in Western Australia.

The drill core reached 177.5 metres downhole and intersected 11.6 metres of pyrite rich pebble conglomerate towards the base of the conglomerate package.

READ: De Grey Mining begins heritage survey over conglomerate gold targets

De Grey technical director Andy Beckwith said: “The pyrite-bearing conglomerate appears very similar to the gold-bearing pyritic unit as reported by Novo Resources (CVE:NVO) at the Comet Well and Purdy’s prospect, some 120 kilometres to the west.”

The results have been interpreted as the down-dip extension of outcropping ferruginous and pyritic conglomerate mapped at surface where three gold nuggets were previously found.

Mapping has also extended the Jarret Well conglomerate in limited outcrop to around 1.5 kilometres strike length.

Drilling for the next stratigraphic hole has commenced at the Steel Well prospect to the east of Jarrett Well.

  READ: De Grey Mining could benefit from revived interest in conglomerate gold as it pushes ahead with PFS

The discovery of gold nuggets associated with previously unrecognised conglomerate sequences below the Mt Roe Basalt and above the older Mallina Formation provides additional exploration potential for the Pilbara Gold Project.

De Grey is targeting both structural and conglomerate gold mineralisation with the primary focus on continuing to expand De Grey’s substantial structurally hosted gold resource of 406,000 ounces.

A series of mapping and sampling programs across the project’s tenements are ongoing.

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Mon, 23 Jul 2018 03:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201307/de-grey-mining-intersects-pyritic-conglomerate-gold-at-jarrett-well-prospect-201307.html
<![CDATA[News - De Grey Mining’s drilling expands high-grade gold footprint at Pilbara project ]]> https://www.proactiveinvestors.com.au/companies/news/199999/de-grey-minings-drilling-expands-high-grade-gold-footprint-at-pilbara-project-199999.html De Grey Mining Limited (ASX:DEG) has confirmed further encouraging gold mineralisation within its existing resource limits at the Toweranna Gold Deposit within the Pilbara Gold Project in Western Australia.

Significant new shallow high-grade gold lodes intersected at the Southern, Northern and Eastern Zones include:

• 5 metres at 15.17 g/t gold from 33 metres, including 2 metres at 37.14 g/t gold;
• 22 metres at 4.82 g/t gold from 44 metres, including 3 metres at 23.28 g/t gold; and
• 7 metres at 17.29 g/t gold from 101 metres, including 3 metres at 37.82 g/t gold.

READ: De Grey Mining could benefit from revived interest in conglomerate gold as it pushes ahead with PFS

The latest results are expected to lead to a significant expansion of the current resource on the Western and Southern Zones and indicate the potential for maiden resources to be defined on the Northern and Eastern Zones with further drilling.

De Grey’s Pilbara Gold Project has excellent potential for significant additional resource ounces along its 200 kilometres plus strike length throughout the large 1,480 square kilometre land holding.

New high-grade gold intersections at Toweranna

To date, about 10% of the shear zones have received detailed shallow drilling to successfully define a +1.2 million ounce JORC gold resource.

De Grey is actively ramping up exploration throughout the tenement package in a drive to upgrade and expand known resources, as well as discover new deposits.

Notably, there are over 40 identified yet untested soil anomalies along the highly prospective regional scale shear zones and conglomerates.

New style and host to gold mineralisation developing

De Grey technical director Andy Beckwith said: “Recent drilling has been successful on all fronts with strong gold mineralisation defined throughout the granite.

“We expect the diamond drilling will also add to this exciting new style of mineralisation.

“This developing new style and host to gold mineralisation opens up a whole new dimension to additional targeting in the Pilbara Gold Project and the Pilbara region in general.”

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Tue, 03 Jul 2018 16:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199999/de-grey-minings-drilling-expands-high-grade-gold-footprint-at-pilbara-project-199999.html
<![CDATA[News - De Grey Mining begins heritage survey over conglomerate gold targets ]]> https://www.proactiveinvestors.com.au/companies/news/195307/de-grey-mining-begins-heritage-survey-over-conglomerate-gold-targets-195307.html De Grey Mining Limited (ASX:DEG) is undertaking a heritage survey over three conglomerate gold targets in the Pilbara region of Western Australia.

The on-ground component of the survey at the Loudens Patch, Jarret Well and Steel Well targets is expected to be completed in the next week.

Results are expected to be reported within a month of the survey being completed.

READ: De Grey Mining could benefit from revived interest in conglomerate gold as it pushes ahead with PFS

Pending a successful outcome, De Grey then expects to begin initial earthworks and bulk sampling programs with Loudens Patch the first priority.

Earthworks along the 1.4-kilometre Loudens Range are expected to expose the conglomerate horizon at specific locations.

These include at the base of the Mt Roe Basalt and across the stratigraphic horizons at Jarret Well and Steel Well.

Earthworks program approved

De Grey has received approval for a works program that will provide for total earthworks disturbance of 7,800 tonnes across the targets which will provide for suitable bulk sampling.

Detailed mapping is expected to provide a better understanding of the overall geology of the sequence, alteration and possible controls on gold mineralisation.

Bulk sampling planned

The next stage will also include detailed on-site bulk sampling, which De Grey intends to start immediately after approval is granted.

It will include on-site crushing and processing to provide a rapid visual assessment of gold content.

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Thu, 19 Apr 2018 09:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195307/de-grey-mining-begins-heritage-survey-over-conglomerate-gold-targets-195307.html
<![CDATA[News - De Grey Mining could benefit from revived interest in conglomerate gold as it pushes ahead with PFS ]]> https://www.proactiveinvestors.com.au/companies/news/194393/de-grey-mining-could-benefit-from-revived-interest-in-conglomerate-gold-as-it-pushes-ahead-with-pfs-194393.html De Grey Mining Limited (ASX:DEG) has a wide range of projects but in terms of generating medium-term cash flow, the focus is on its Pilbara Gold Project.

Management is forecasting a pre-feasibility study to be completed on the project in the fourth quarter of 2018.

The current resource is 1.2 million ounces with 590,000 ounces in the measured and indicated category.

Scoping study points to annual production of 57,000 ounces

While a scoping study conducted in 2017 suggested average production would be nearly 60,000 ounces per annum, there is the prospect of significant upside.

The scoping study did not include resources at Toweranna (40,700 ounces) and Mallina (147,000 ounces).

Management said there is also potential for improvements from increased open pit and high-grade underground resources.

With exploration initiatives underway, new discoveries and extensions to existing mineralisation have the potential to add feedstock.

Broker sees interest returning to conglomerate gold stocks

DJ Carmichael analyst Paul Adams sees the prospect of investors returning to conglomerate gold stocks such as De Grey which gained momentum in 2017 but fell out of favour towards the end of the year.

De Grey’s share price has more than halved from its 2017 high of 38 cents despite the fact that it is not just a conglomerate gold play and has a medium-term production profile.

Negative sentiment appeared to be driven by a lack of evidence that gold was hosted within conglomerate sequences in just the same way as that found by Novo (CVE:NVO) at Purdy’s Reward and Comet Well, 80 kilometres west of De Grey’s Indee tenements.

Near-term catalysts

Looking at upcoming catalysts, Adams said, “Over the coming weeks, Novo will be releasing its much-anticipated results from its bulk sampling program on its Pilbara tenements.

“De Grey is also about to embark on the next phase of its evaluation of its conglomerate gold mineralisation.

“Both companies have seen a resurgent share price over the last few weeks as activity increased and results were anticipated.”

It is worth noting that De Grey’s shares have rallied 50% since February.

Strengthening macro environment

Adams believes the dormant conglomerate gold sector could receive increased interest driven by macro tailwinds for gold generally.

He also expects increased interest in the Australian gold sector from overseas investors and, although still at a very early stage, specific interest in the potential for a significant gold discovery in the Pilbara.

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Fri, 06 Apr 2018 14:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194393/de-grey-mining-could-benefit-from-revived-interest-in-conglomerate-gold-as-it-pushes-ahead-with-pfs-194393.html
<![CDATA[News - De Grey Mining embarks on Pilbara Gold Project resource expansion drilling program ]]> https://www.proactiveinvestors.com.au/companies/news/193272/de-grey-mining-embarks-on-pilbara-gold-project-resource-expansion-drilling-program-193272.html De Grey Mining Limited (ASX:DEG) has commenced drilling at the Mt Berghaus gold deposit within the 1.2 million ounce Pilbara Gold Project, near Port Hedland, Western Australia.

The program aims to infill and upgrade resources, including areas within the August 2017 scoping study pit shells, to the level of JORC indicated category.

This will allow later conversion to reserves as part of the overall pre-feasibility study.

De Grey has platform for strong build since acquisition

The Pilbara Gold Project represents a combination of De Grey’s established Turner River projects and tenements acquired following the acquisition of Indee Gold in January.

The combination of the two projects considerably strengthened De Grey’s profile as its tenement packages contain more than 1.2 million ounces of established gold resources.

The company has had outstanding success in identifying shallow conglomerates style mineralisation within the Pilbara Gold Project area.

READ: De Grey Mining’s shares surge on finding gold nuggets at the Pilbara Gold Project

Stunning results which saw the company accumulate 91 nuggets ranging in size from two millimetres to 10 millimetres triggered a 500% share price surge in the second half of 2017.

Drilling at high-grade Toweranna prospect

Early stage drilling at Mt Berghaus is expected to be completed by April.

Following the Mt Berghaus drilling, similar infill drilling for resource upgrades will be undertaken at the Amanda, Hester, Mallina and Toweranna deposits.

At Toweranna, recent promising results are to be followed up to better define the high-grade intersections both along the western and southern zones.

Resource increase expected at Toweranna

This drilling aims to extend and infill mineralisation and is expected to provide a significant resource increase at the Toweranna gold deposit.

The inferred resource stands at 430,000 tonnes at 2.9 g/t for 40,700 ounces.

This existing resource is currently confined to only the lodes intersected along the western contact.

Share price tells the story

De Grey fell off the radar in late 2017, and its shares hit a low of 10 cents in early February.

However, when the Toweranna drilling results were released on February 2, the company’s shares surged 35%.

Resampling results confirm strong mineralisation extends further along strike and at depth outside of the existing Toweranna resource.

Shallow high-grade mineralisation previously detected

There are also indications of further high-grade lodes along the southern contact while areas to the east and north remain largely untested.

According to the Western Australian Mines Department, previous shallow underground mining produced over 5,000 ounces of gold, at an average grade of 40.9 g/t.

An updated resource estimate is planned to be completed during the second quarter of 2018.

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Thu, 22 Mar 2018 03:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193272/de-grey-mining-embarks-on-pilbara-gold-project-resource-expansion-drilling-program-193272.html
<![CDATA[News - De Grey's Simon Lill discussed Australia’s Pilbara Goldrush at Proactive's CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/187187/de-grey-s-simon-lill-discussed-australias-pilbara-goldrush-at-proactive-s-ceo-sessions-187187.html De Grey Mining Ltd's (ASX:DEG) chairman, Simon Lill, joined Proactive's CEO Sessions in Melbourne and Sydney this week.

De Grey is strategically positioned in the Pilbara, owning the low-risk Pilbara Gold Project which currently hosts 1.2 million gold ounces, and is growing.

The company also has three conglomerate gold targets with water melon seed shaped gold nuggets shedding from conglomerate outcrops.

Kirkland Lake Gold is investing $5 million in the company.

ACCESS THE FULL PRESENTATION HERE

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Thu, 16 Nov 2017 11:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187187/de-grey-s-simon-lill-discussed-australias-pilbara-goldrush-at-proactive-s-ceo-sessions-187187.html
<![CDATA[News - De Grey Mining’ shares surge on finding more gold nuggets in the Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/186455/de-grey-mining-shares-surge-on-finding-more-gold-nuggets-in-the-pilbara-186455.html De Grey Mining Limited (ASX:DEG) has discovered two prospects where highly prospective conglomerate units have been mapped and associated gold nuggets have been found.

The pitted and flattened gold nuggets confirm two new conglomerate discoveries - Jarret Well and Steel Well.

This new conglomerate horizon beneath the previously reported 12 kilometre zone of Mt Roe Basalt significantly expands De Grey’s footprint for conglomerate gold within its Pilbara Gold Project.

De Grey’s shares were trading circa 14% higher intra-day, at $0.24.

The prospective conglomerate beds were recognised during reconnaissance geological mapping and associated gold nuggets found with subsequent metal detecting.

Importantly, the conglomerates are interpreted to form a large and continuous unit some 20-50 metres thick, shallowly dipping beneath the Mt Roe Basalt.

The prospective area beneath the Mt Roe Basalt represents an area of circa 10 square kilometres.

Further detailed mapping, metal detecting and geochemical sampling continues to progress around the margins of the Mt Roe Basalt where the basal conglomerate horizon is predicted to outcrop.

READ NOW: De Grey brings conglomerate hosted gold to Proactive's CEO Sessions

Earlier this month, De Grey signed an agreement to acquire 70% of the Blue Moon tenement, located within 20 kilometres of its proposed plant at the Pilbara Gold Project in Western Australia.

Blue Moon is considered highly prospective for structurally controlled high-grade gold discoveries in the basement rocks.

Small-scale prospecting at Blue Moon at shallow depths of circa 2 metres has produced over 1500 ounces of gold in the last 24 months as reported by the vendor.

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Tue, 31 Oct 2017 12:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186455/de-grey-mining-shares-surge-on-finding-more-gold-nuggets-in-the-pilbara-186455.html
<![CDATA[News - De Grey brings conglomerate hosted gold to Proactive's CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/186137/de-grey-brings-conglomerate-hosted-gold-to-proactive-s-ceo-sessions-186137.html De Grey Mining Ltd (ASX:DEG) already has a strong foothold in the Pilbara region of Western Australia, and is developing the +1.2 million ounce Pilbara Gold Project.

De Grey recently recognised gold nuggets shedding from conglomerates.

The company has also signed a binding option agreement to acquire 70% of the Blue Moon tenement, located within 20 kilometres of the proposed plant at the Pilbara Project.

Blue Moon is considered highly prospective for structurally controlled high-grade gold discoveries in the basement rocks.

Find out more from De Grey Mining at Proactive's CEO Sessions.

Click below to register by email

- Melbourne: Tuesday 14th November.
- Sydney: Wednesday 15th November.
- Email Pauline here.
- Call office on (02) 9280 0700.

Presenter list

- Zelda Therapeutics (ASX:ZLD): Dr. Stewart Washer
- Thred Ltd (ASX:THD): Geoff Marshall
- De Grey Mining (ASX:DEG): Simon Lill
- Peninsula Energy (ASX:PEN): David Coyle
- Aspire Mining (ASX:AKM): David Paull

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Tue, 31 Oct 2017 11:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/186137/de-grey-brings-conglomerate-hosted-gold-to-proactive-s-ceo-sessions-186137.html
<![CDATA[News - De Grey Mining’ shares rise after securing strategic gold prospect ]]> https://www.proactiveinvestors.com.au/companies/news/185769/de-grey-mining-shares-rise-after-securing-strategic-gold-prospect-185769.html De Grey Mining Limited (ASX:DEG) has signed an agreement to acquire 70% of the Blue Moon tenement, located within 20 kilometres of its proposed plant at the Pilbara Gold Project in Western Australia

The Blue Moon option secures a key strategic tenement within the Vanmaris leases recently optioned by De Grey.

Blue Moon is considered highly prospective for structurally controlled high-grade gold discoveries in the basement rocks.

Small-scale prospecting at Blue Moon at shallow depths of circa 2 metres has produced over 1500 ounces of gold in the last 24 months as reported by the vendor.

De Grey’s shares were trading 10% higher intra-day, at $0.22.

The finalisation of the new option agreement now consolidates all the tenements over an area where extensive gold mineralisation has been discovered by prospectors.

De Grey recently reported a significant resource upgrade to 1.2 million ounces of gold for the Pilbara Gold Project.

The new increased resources is an improvement over the scoping study financial model, through an increase in mine life.

De Grey now controls a substantial and contiguous landholding of over 1800 square kilometres with further untested gold anomalies throughout the project area.

Interestingly, the company recently recognised gold nuggets shedding from conglomerates.

This new style of gold mineralisation remains to be tested in detail, but is considered to have regional significance due to the potential for high-grade gold mineralisation.

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Wed, 18 Oct 2017 15:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185769/de-grey-mining-shares-rise-after-securing-strategic-gold-prospect-185769.html
<![CDATA[News - De Grey Mining eyes more gold in Pilbara after securing additional landholding ]]> https://www.proactiveinvestors.com.au/companies/news/184950/de-grey-mining-eyes-more-gold-in-pilbara-after-securing-additional-landholding-184950.html De Grey Mining Limited (ASX:DEG) is acquiring 80% of six granted tenements located within 20 kilometres of its proposed plant at the Pilbara Gold Project near Port Hedland in Western Australia.

Its shares were trading circa 9% higher intra-day, at $0.245.

The company has the option to acquire the additional 30 square kilometres of landholding containing high-grade gold exploration targets, with significant gold nuggets found to date by the vendor.

De Grey will initially pay $30,000 cash + 150,000 De Grey shares and will sole fund the exploration during the 4 year option period.

The company can elect to acquire 80% of the tenement on payment of $500,000 cash.

De Grey recently revealed a significant resource upgrade to 1.2 million ounces of gold for the Pilbara Gold Project.

A scoping study had indicated a financially robust development project, based on a 1 million tonne throughput, utilising a new purpose built processing plant.

Importantly, the new increased resources is anticipated to further improve the scoping study financial model.

READ NEXT: De Grey Mining bags $5M from Canadian gold producer Kirkland Lake Gold

Earlier this week, De Grey secured a $5 million investment from Kirkland Lake Gold Ltd (TSE:CRK) via the issue of shares at $0.15 each.

Kirkland Lake is a Canadian listed mid-tier gold producer with a market capitalisation of US$2.7 billion and forecast production of 570,000 – 590,000 ounces of gold for 2017.

The new funds will be used by De Grey for ongoing exploration and development activities at the Pilbara Gold Project

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Tue, 03 Oct 2017 14:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/184950/de-grey-mining-eyes-more-gold-in-pilbara-after-securing-additional-landholding-184950.html
<![CDATA[News - De Grey Mining bags $5M from Canadian gold producer Kirkland Lake Gold ]]> https://www.proactiveinvestors.com.au/companies/news/184877/de-grey-mining-bags-5m-from-canadian-gold-producer-kirkland-lake-gold-184877.html De Grey Mining Limited (ASX:DEG) has secured a $5 million investment from Kirkland Lake Gold Ltd (TSE:CRK) via the issue of shares at $0.15 each.

Kirkland Lake is a Canadian listed mid-tier gold producer with a market capitalisation of US$2.7 billion and forecast production of 570,000 – 590,000 ounces of gold for 2017.

Kirkland has interests in Australia through the high grade, low cost Fosterville mine in Victoria and have recently invested $58 million in De Grey’s Pilbara counterpart, Novo Resources Corp.

The new funds will be used by De Grey for ongoing exploration and development activities at the Pilbara Gold Project in Western Australia.

De Grey’s Pilbara Gold Project comprises the fully owned Turner River Project and the adjacent Indee Project, all located within 75 kilometres of the mining town of Port Hedland.

Together with its recent August capital raising of $3 million, De Grey has now raised $8 million, which confirms funding for its exploration programs through until the end of 2018.

READ HERE: De Grey Mining’s shares surge on finding gold nuggets at the Pilbara Gold Project

De Grey’s share price recently doubled intra-day after identifying a new conglomerate gold target containing gold nuggets at its Pilbara Gold Project.

The company found 91 nuggets ranging in size from 2mm to 10mm in and around the new target area west of Mt Roe Basalt.

De Grey is now undertaking mapping and sampling on both the western and the eastern sides of the prospective Mt Roe Basalt range targeting the prospective conglomerate horizon.

Importantly, the potential of the conglomerate gold opportunity adds to the company’s significant existing resource of +1.2 million gold ounces at the Pilbara Gold Project.

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Mon, 02 Oct 2017 10:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/184877/de-grey-mining-bags-5m-from-canadian-gold-producer-kirkland-lake-gold-184877.html
<![CDATA[News - De Grey Mining to take advantage of rocketing share price ]]> https://www.proactiveinvestors.com.au/companies/news/184699/de-grey-mining-to-take-advantage-of-rocketing-share-price-184699.html De Grey Mining Ltd's (ASX:DEG) shares more than doubled yesterday, closing at $0.15, following a gold discovery.

READ NOW: De Grey Mining’s shares surge on finding gold nuggets at the Pilbara Gold Project

De Grey is now heading to market with a capital raising, and the ASX has granted a trading halt.

The halt will remain in place until the opening of trade on Monday 2nd October 2017, or earlier if an announcement is made to the market.

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Thu, 28 Sep 2017 10:06:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184699/de-grey-mining-to-take-advantage-of-rocketing-share-price-184699.html
<![CDATA[News - De Grey Mining’s shares surge on finding gold nuggets at the Pilbara Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/184628/de-grey-minings-shares-surge-on-finding-gold-nuggets-at-the-pilbara-gold-project-184628.html De Grey Mining Limited’s (ASX:DEG) share price doubled intra-day after identifying a new conglomerate gold target containing gold nuggets at its Pilbara Gold Project in Western Australia.

This target represents a new area separate from the 12 kilometre Mt Roe Basalt target recently identified by De Grey.

To date 91 nuggets ranging in size from 2mm to 10mm have been found in and around the new target area west of Mt Roe Basalt.

Importantly, several nuggets have been found higher up the slope, outside the historic workings and within several metres of the conglomerate target zone.

All the nuggets found are smooth and waterworn, typical of a palaeo-placer gold deposit with most having pitting.

Many have the appearance of watermelon seeds and is considered comparable to Witwatersrand style gold mineralisation.

The size of De Grey’s new target is 1.5 kilometres by 400 metres with a depth of circa 5-10 metres

De Grey has also identified extensive alluvial gold workings dating from modern day scraping to historic alluvial and dry blowing mining.

These have been identified over 200 metres within the tenement area.

De Grey is now undertaking mapping and sampling on both the western and the eastern sides of the prospective Mt Roe Basalt range targeting the prospective conglomerate horizon.

Subject to additional mapping and sampling results, De Grey intends to assess the outcropping conglomerate areas for in-situ bedrock mineralisation.

Currently this work is most likely to include surface trenching to provide better exposures for detailed and bulk sampling and geological examination, followed by drilling testing.

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Wed, 27 Sep 2017 10:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184628/de-grey-minings-shares-surge-on-finding-gold-nuggets-at-the-pilbara-gold-project-184628.html
<![CDATA[News - De Grey Mining has exploration news from the Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/184399/de-grey-mining-has-exploration-news-from-the-pilbara-184399.html De Grey Mining Ltd (ASX:DEG) has been granted a trading halt by the ASX this morning, pending an update on exploration activities from its Pilbara Gold Project.

De Grey recently attracted investors to the project through an oversubscribed placement, which will fund reverse circulation and diamond drilling.

The halt will remain in place until the opening of trade on Tuesday 25th September 2017, or earlier if an announcement is made to the market.

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Fri, 22 Sep 2017 09:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184399/de-grey-mining-has-exploration-news-from-the-pilbara-184399.html
<![CDATA[News - De Grey Mining begins drill testing lithium targets near the Pilgangoora deposit ]]> https://www.proactiveinvestors.com.au/companies/news/183641/de-grey-mining-begins-drill-testing-lithium-targets-near-the-pilgangoora-deposit-183641.html De Grey Mining Limited (ASX:DEG) is commencing drilling at the King Col Pegmatite in Western Australia, following the successful application for co-funding.

The King Col pegmatite lies within De Grey’s tenements located within 40 kilometres from Pilbara Minerals’ (ASX:PLS) world-class Pilgangoora deposit (156.3 million tonnes at 1.25% lithium).

The co-funding has been approved under the Western Australia government’s Exploration Incentive Scheme (EIS), which will contribute $61,000 to De Grey’s program, being circa 50% of the cost.

The previous sampling by De Grey at the King Col Pegmatite Trend highlighted anomalous lithium and other associated elements for lithium-caesium-tantalum (LCT) style mineralisation.

De Grey’s reconnaissance rock chip sampling and subsequent follow-up systematic soil sampling has defined strong anomalies over an initial 2 kilometre strike length.

Further sampling is required to test the remaining 5.5 kilometres of the overall 7.5 kilometres long pegmatite trend.

The rock chip results highlight anomalous lithium results ranging from 0.15% to 4.22% lithium.

The drilling program will initially comprise circa 1,500 metres of reverse circulation drilling across the three main anomalous zones.

The drilling will test beneath the anomalous lithium-in-soil zones and determine the mineralisation potential in fresh bedrock.

Subject to positive results, a further program of diamond drilling will be undertaken to obtain fresh mineralisation in drill core for detailed mineralogical evaluation.

This will aim to define the presence of spodumene in the pegmatite system. Spodumene is the key lithium mineral in most lithium bearing pegmatite orebodies throughout the world.

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Fri, 08 Sep 2017 12:06:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183641/de-grey-mining-begins-drill-testing-lithium-targets-near-the-pilgangoora-deposit-183641.html
<![CDATA[News - De Grey recently achieved a 1 million gold ounce milestone ]]> https://www.proactiveinvestors.com.au/companies/news/176185/de-grey-recently-achieved-a-1-million-gold-ounce-milestone-176185.html De Grey Mining (ASX:DEG) has been granted a trading halt by the ASX, pending details of a capital raising.

De Grey reached the milestone following the Indee Resource Update. The project remains subject to an option agreement.

The halt will remain in place until the opening of trade on Wednesday 12th April 2017, or earlier if an announcement is made to the market.

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Mon, 10 Apr 2017 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176185/de-grey-recently-achieved-a-1-million-gold-ounce-milestone-176185.html
<![CDATA[News - De Grey Mining achieves 1M ounces of gold milestone at Pilbara ]]> https://www.proactiveinvestors.com.au/companies/news/175794/de-grey-mining-achieves-1m-ounces-of-gold-milestone-at-pilbara-175794.html De Grey Mining (ASX:DEG) has achieved a major milestone at its Pilbara Gold Project in Western Australia by upgrading the resource to 1 million ounces of contained gold.

The Pilbara Gold Project comprises the fully owned Turner River Project and the adjacent Indee Project, all located within 75 kilometres of the mining town of Port Hedland in Western Australia.

The Indee Project remains subject to an option agreement whereby De Grey must pay $15 million to acquire the asset by July 24, 2018.

De Grey’s upgraded resource at the Pilbara Gold Project is comprised of:

- 9.15 million tonnes at 1.8 g/t gold containing 538,400 ounces of gold at the Indee Project
- 9.69 million tonnes at 1.5 g/t gold containing 463,900 ounces of gold at the Turner River Project

The company has commenced a scoping study to evaluate the potential economics of a proposed stand-alone mining operation on the two combined projects (result expected in May).

The proposed operation plans on simple open pit mining from the various deposits with processing through a new processing plant located at the Indee project.

At the deposits, mineralisation remains open at depth and down plunge. Significant structurally controlled high grade mineralisation tends to form plunging shoots within each deposit.

Further drilling will be required to better define and extend these high-grade shoots down plunge.

A significant program of drilling is planned to commence in early May targeting resource extensions at both the known deposits and at advanced exploration targets.

De Grey’s share price has increased by circa 94% in 2017, last trading at $0.070.

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Mon, 03 Apr 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/175794/de-grey-mining-achieves-1m-ounces-of-gold-milestone-at-pilbara-175794.html
<![CDATA[News - De Grey Mining to lift resource base ]]> https://www.proactiveinvestors.com.au/companies/news/175645/de-grey-mining-to-lift-resource-base-175645.html De Grey Mining (ASX:DEG) has been granted a trading halt by the ASX, pending details of a resource upgrade.

De Grey is focused on gold.

The halt will remain in place until the opening of trade on Monday 3rd April 2017, or earlier if an announcement is made to the market.

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Thu, 30 Mar 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175645/de-grey-mining-to-lift-resource-base-175645.html
<![CDATA[News - De Grey Mining trebles gold resource at Mt Berghaus ]]> https://www.proactiveinvestors.com.au/companies/news/172256/de-grey-mining-trebles-gold-resource-at-mt-berghaus-172256.html Mt Berghaus is part of De Grey’s Turner River Project, located near Port Hedland in the Pilbara region of Western Australia.

Importantly, the Turner River Project global gold resource has now climbed to 464,000 ounces of gold grading 1.5 g/t gold.

The Mt Berghaus resource increase is due to extensions to the mineralisation and the discovery of new mineralised zones at North Lode and West Berghaus Prospects.

It is worth noting that over 50,000 gold ounces of the resource is oxidised mineralisation from the surface.

The newly discovered zones highlight the potential for additional mineralisation within the 3 kilometres of prospective strike length between West Berghaus and Mt Berghaus.

The mineralisation remains open in many areas along the 5 kilometre mineralised system. De Grey is aiming to test for further resource increases in the second quarter of 2017.

The company is confident about the potential of this project, since the more drilling they do, the more gold they are discovering.

De Grey’s share price has increased by about 42% since the start of this year, closing at $0.051 last Friday (20 January 2017).

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Fri, 27 Jan 2017 08:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172256/de-grey-mining-trebles-gold-resource-at-mt-berghaus-172256.html
<![CDATA[News - De Grey Mining in an ASX trading halt ]]> https://www.proactiveinvestors.com.au/companies/news/171983/de-grey-mining-in-an-asx-trading-halt-171983.html The company is pending details regarding a resource upgrade for the Mount Berghaus Prospect.

Mount Berghaus is a gold focused project, part of the Turner River Project, and located close to the regional centre of Port Hedland in Western Australia.

The halt will remain in place until the opening of trade on Wednesday, 25th January 2017, or earlier if an announcement is made to the market.

Earlier this month the company made new two new discoveries at North Lode and West Berghaus.

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Mon, 23 Jan 2017 11:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171983/de-grey-mining-in-an-asx-trading-halt-171983.html
<![CDATA[News - De Grey Mining shares rise on new gold discoveries at Turner River ]]> https://www.proactiveinvestors.com.au/companies/news/171445/de-grey-mining-shares-rise-on-new-gold-discoveries-at-turner-river-171445.html The company’s shares were last trading at $0.051, up 10.9% intra-day.

De Grey’s current drilling program, comprising 64 holes for 5,536 metres, is part of its strategy of targeting a 500,000 ounce gold resource at the Turner River Project in the coming six months.

The current drilling program has been successful in defining infill mineralisation within the Mount Berghaus resource area.

The latest results include 10 metres at 3.03 g/t gold from 16 metres and 4 metres at 7.75 g/t gold from 62 metres at Mount Berghaus.

Furthermore, significant new mineralisation was identified at the North Lode and West Berghaus prospects.

The company assayed 17 metres at 2.08 g/t gold from 32 metres and 4 metres at 4.33 g/t gold from 104 metres at the North Lode resource area.

All three mineralised areas - Mount Berghaus, North Lode and West Berghaus, remain open along strike and at depth.

Follow up drilling at all three prospect areas will be considered once interpretations and an updated resource model and estimation have been completed.

Initial metallurgical test work is also planned to be undertaken once the specific oxide and fresh resource domains have been finalised.

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Wed, 11 Jan 2017 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/171445/de-grey-mining-shares-rise-on-new-gold-discoveries-at-turner-river-171445.html
<![CDATA[News - De Grey Mining continues to find more gold at Turner River ]]> https://www.proactiveinvestors.com.au/companies/news/170576/de-grey-mining-continues-to-find-more-gold-at-turner-river-170576.html The project is situated 50 kilometres south of Port Hedland in Pilbara, Western Australia.

Significant zones of shallow oxide mineralisation, with some high grade zones, were intersected in numerous holes. Best results include:
- 12 metres at 11.36 g/t gold from 5 metres (including 1 metre at 73.0 g/t gold from 7 metres);
- 31 metres at 2.07 g/t gold from 8 metres.

The drilling intersected multiple sub-parallel gold lodes, including many drill intersections outside of the existing resource boundary.

The shallow oxide mineralisation extends to surface with rock chip samples of quartz veins returning results of up to 62.5 g/t gold with an average grade of 7.11 g/t gold.

The drilling program aims to both upgrade and expand on the current 43,000 ounce gold resource for the Mt Berghaus prospect.

De Grey currently has 366,000 gold ounces already defined for Turner River and is targeting 500,000 ounces in the coming six months.

Final assay results for the remaining 42 holes are expected during early January 2017, following which De Grey will provide an updated resource estimate.

Notably, the Turner River Project is situated only 40 kilometres from Pilbara Minerals’ (ASX:PLS) world class Pilgangoora Lithium Tantalum Project.

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Fri, 16 Dec 2016 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170576/de-grey-mining-continues-to-find-more-gold-at-turner-river-170576.html
<![CDATA[News - De Grey Mining defines strong lithium anomaly at Turner River ]]> https://www.proactiveinvestors.com.au/companies/news/169808/de-grey-mining-defines-strong-lithium-anomaly-at-turner-river-169808.html The King Col Pegmatite Trend is located within De Grey’s Turner River Project, 40 kilometres from Pilbara Minerals’ (ASX:PLS) world class Pilgangoora Lithium Tantalum Project.

The project is situated 50 kilometres south of Port Hedland in Pilbara, Western Australia.

De Grey’s sampling returned peak values of 947 ppm lithium and 342 ppm tantalum. Importantly, the anomaly remains open to the east.

The company is planning further infill and extensional sampling to better define the anomaly in December.

De Grey had identified the King Col Pegmatite Trend in October.

The results from the maiden sampling program included a peak of 4.22% lithium associated with a small outcrop of the lithium bearing mineral, lepidolite.

The entire 7.5 kilometres King Col pegmatite trend is associated with anomalous lithium-cesium-tantalum (LCT) pegmatite elements.

As a comparison, the nearby 129 million tonnes (1.22% lithium) Pilgangoora Lithium-Tantalum Project occurs in pegmatites over 9 kilometres of strike length.

De Grey’s lithium rich soil anomaly along the south western end of the King Col pegmatite trend is slowly developing into a large scale target.

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Thu, 01 Dec 2016 15:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169808/de-grey-mining-defines-strong-lithium-anomaly-at-turner-river-169808.html
<![CDATA[News - De Grey Mining to outline raising ]]> https://www.proactiveinvestors.com.au/companies/news/167262/de-grey-mining-to-outline-raising-167262.html The halt will remain in place until the opening of trade on Friday 14th October 2016, or earlier if an announcement is made to the market.

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Wed, 12 Oct 2016 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167262/de-grey-mining-to-outline-raising-167262.html
<![CDATA[News - De Grey Mining identifies new lithium prospective zone at Turner River ]]> https://www.proactiveinvestors.com.au/companies/news/167248/de-grey-mining-identifies-new-lithium-prospective-zone-at-turner-river-167248.html The project is located only 40 kilometres from the world class Pilgangoora Lithium-Tantalum Project owned by Pilbara Minerals Ltd (ASX:PLS).

The results from the maiden sampling program at King Col include a peak of 4.22% lithium associated with a small outcrop of the lithium bearing mineral, lepidolite.

De Grey also assayed eight additional samples ranging from 0.15% to 2.5% lithium along a zone of 1.5 kilometres.

The entire 7.5 kilometres pegmatite trend is associated with anomalous lithium-cesium-tantalum (LCT) pegmatite elements.

As a comparison, the nearby 129 million tonnes (1.22% lithium) Pilgangoora Lithium-Tantalum Project occurs in pegmatites over 9 kilometres of strike length.

A follow-up program of detailed rock chip and soil sampling is currently being planned and is expected to commence during October.

De Grey’s objective is to define anomalous target zones for subsequent drill testing.

Last month, drill assays confirmed silver and zinc mineralisation at the Tabba Tabba prospect within the Turner River Project.

Significant results from the 12-hole program included 9 metres at 90.1 g/t silver, 5.56% zinc from 56 metres and 9 metres at 58.7 g/t silver, 2.68% zinc from 24 metres.

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Wed, 12 Oct 2016 08:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167248/de-grey-mining-identifies-new-lithium-prospective-zone-at-turner-river-167248.html
<![CDATA[News - De Grey Mining Ltd to reveal exploration results ]]> https://www.proactiveinvestors.com.au/companies/news/167045/de-grey-mining-ltd-to-reveal-exploration-results-71393.html De Grey Mining Ltd (ASX:DEG) is preparing details regarding exploration results at its Turner River Project, which is located in the world-class Pilbara region of Western Australia.

The project is prospective for gold mineralisation.

The ASX has granted De Grey a trading halt to prepare details.

The halt will remain in place until the opening of trade on Tuesday 11th October 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 07 Oct 2016 08:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167045/de-grey-mining-ltd-to-reveal-exploration-results-71393.html
<![CDATA[News - De Grey Mining Ltd defines silver, zinc mineralisation at Tabba Tabba ]]> https://www.proactiveinvestors.com.au/companies/news/165791/de-grey-mining-ltd-defines-silver-zinc-mineralisation-at-tabba-tabba-70973.html De Grey Mining Ltd (ASX:DEG) has received drill assays confirming silver and zinc mineralisation at the Tabba Tabba prospect within the Turner River Project in the Pilbara Region of Western Australia.

Significant results from the 12-hole program included 9 metres at 90.1 g/t silver, 5.56% zinc from 56 metres and 9 metres at 58.7 g/t silver, 2.68% zinc from 24 metres.

The program at Tabba Tabba targeted infill drilling of the known volcanogenic massive sulphide (VMS) style mineralisation to a depth of 50 metres on 40 metres spaced sections.

The drilling program has been successful in defining the continuity of the zinc-silver dominant VMS style mineralisation at depth.

At the surface, this mineralisation occurs as a series of small outcrops over 200 metres strike length.

The defined bedrock mineralisation is also coincident with a 1.3 kilometre induced polarisation (IP) anomaly.

Further assessment of the IP modelling will now be undertaken to better target mineralisation in the immediate vicinity along the Tabba Tabba prospect.

De Grey’s share price was last trading a $0.003, up 50% for the day.

The company had $1.21 million in cash at the end of the June 2016 quarter.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Sep 2016 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165791/de-grey-mining-ltd-defines-silver-zinc-mineralisation-at-tabba-tabba-70973.html
<![CDATA[News - De Grey Mining Ltd tops ASX % Gainers intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/165790/de-grey-mining-ltd-tops-asx-gainers-intra-day-70968.html Monday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume De Grey Mining Ltd DEG $0.003 50% 33,621,696 Etherstack Plc ESK $0.120 33.33% 1,500 Norwest Energy NL NWE $0.004 33.33% 250,000 East Energy Resources Ltd EER $0.008 33.33% 35,450 Phosphate Australia Ltd POZ $0.033 32% 246,613 Syntonic Ltd SYT $0.031 29.17% 68,806,778 Respiri Ltd RSH $0.063 26% 1,397,646 Manas Resources Ltd MSR $0.005 25% 1,595,000 Uranium Equities Ltd UEQ $0.005 25% 412,042 Energy Technologies Ltd EGY $0.006 20% 40,000

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 12 Sep 2016 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165790/de-grey-mining-ltd-tops-asx-gainers-intra-day-70968.html
<![CDATA[News - De Grey Mining Ltd among Friday's ASX Most Traded late in the session ]]> https://www.proactiveinvestors.com.au/companies/news/165587/de-grey-mining-ltd-among-fridays-asx-most-traded-late-in-the-session-70700.html Friday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Sundance Resources Ltd SDL $0.003 -25% 162,008,340 XPED Ltd XPE $0.038 22.58% 140,420,349 De Grey Mining Ltd DEG $0.003 0% 68,777,659 Atlas Iron Ltd AGO $0.012 20% 55,106,281 Deep Yellow Ltd DYL $0.004 0% 37,014,064 88 Energy Ltd 88E $0.057 16.33% 28,284,047 Fortescue Metals Group Ltd FMG $4.890 1.24% 27,057,302 NSL Consolidated Ltd NSL $0.021 5% 24,817,560 KBL Mining Ltd KBL $0.002 0% 24,455,949 Telstra Corporation Ltd TLS $5.340 1.71% 18,353,480

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 26 Aug 2016 15:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165587/de-grey-mining-ltd-among-fridays-asx-most-traded-late-in-the-session-70700.html
<![CDATA[News - De Grey Mining Ltd is Wednesday's ASX Most Traded with 117 million ]]> https://www.proactiveinvestors.com.au/companies/news/165586/de-grey-mining-ltd-is-wednesdays-asx-most-traded-with-117-million-70654.html Wednesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume De Grey Mining Ltd DEG $0.003 0% 117,705,111 XPED Ltd XPE $0.043 -24.56% 104,352,286 Inca Minerals Ltd ICG $0.004 0% 53,719,051 KBL Mining Ltd KBL $0.003 50% 50,341,511 Carbon Energy Ltd CNX $0.015 -25% 47,384,971 Imdex Ltd IMD $0.620 0% 32,782,615 Telstra Corporation Ltd TLS $5.300 -3.46% 30,198,481 Moko Social Media Ltd MKB $0.002 0% 28,601,794 Spotless Group Holdings Ltd SPO $1.140 7.04% 27,145,409 Alumina Ltd AWC $1.360 0.74% 25,578,998

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 25 Aug 2016 07:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165586/de-grey-mining-ltd-is-wednesdays-asx-most-traded-with-117-million-70654.html
<![CDATA[News - De Grey Mining Ltd is Wednesday's ASX Most Traded with 224 million ]]> https://www.proactiveinvestors.com.au/companies/news/153267/de-grey-mining-ltd-is-wednesdays-asx-most-traded-with-224-million-70081.html Wednesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume De Grey Mining Ltd DEG $0.004 33.33% 224,680,428 Atlas Iron Ltd AGO $0.011 10% 179,033,854 Syndicated Metals Ltd SMD $0.017 88.89% 63,868,590 Fortescue Metals Group Ltd FMG $4.410 7.04% 41,268,662 Gulf Manganese Corporation Ltd GMC $0.004 -20% 40,856,991 Marindi Metals Ltd MZN $0.012 -14.29% 38,170,849 Prospect Resources Ltd PSC $0.067 17.54% 37,812,408 Telstra Corporation Ltd TLS $5.730 -0.69% 22,937,500 Pantoro Ltd PNR $0.145 -3.33% 22,353,661 XPED Ltd XPE $0.072 2.86% 20,663,619

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 28 Jul 2016 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/153267/de-grey-mining-ltd-is-wednesdays-asx-most-traded-with-224-million-70081.html