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viewDe Grey Mining Limited

De Grey Mining director steps up and buys company shares on-market

The company's flagship asset is its 1.4 million ounce Pilbara Gold Project in Western Australia.

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Hood's average purchase price was 9.82 cents per share

De Grey Mining Ltd’s (ASX:DEG) recently appointed non-executive Peter Hood has purchased 500,000 shares in the company for $49,109 via on-market trades.

The purchase doubles the size of Hood’s holding in the company to one million shares, further aligning himself with shareholders and the future success of De Grey.

During November 2018, De Grey appointed Peter Hood as non-executive director.

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

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

READ: De Grey Mining confirms further high-grade gold drilling results at Withnell

Most recently, De Grey received further high-grade drilling results from the Withnell gold deposit, an integral part of its 1.4 million ounce Pilbara Gold Project in Western Australia.

Highlight intersections include:

• 5 metres at 7.8 g/t gold from 43 metres including 2 metres at 14.95 g/t gold;
• 2 metres at 11.14 g/t gold from 61 metres including 1 metre at 20.6 g/t gold; and
• 8 metres at 20.11 g/t gold from 168 metres including 4 metres at 38.5 g/t gold.

Quick facts: De Grey Mining Limited

Price: 0.405 AUD

ASX:DEG
Market: ASX
Market Cap: $474.38 m
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