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.
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.