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De Grey Mining intersects pyritic conglomerate at Jarrett Well

De Grey Mining (ASX: DEG) is a gold exploration and development company focusing mainly on structural, shear zone hosted gold deposits in the Pilbara.

The company has an estimated 1.2 million ounces of resources and is also working on developing some conglomerate gold deposits in an area which is undergoing a gold rush of sorts.

"We were fortunate that when the rush started we already has a significant land package and we have some conglomerate packages"says De Grey Mining chairman Simon Lill.

The company has secured two significant investments amounting to $10 million which will allow it to move forward with further exploration and development in the Pilbara.

Quick facts: De Grey Mining Limited

Price: 0.225 AUD

ASX:DEG
Market: ASX
Market Cap: $233.67 m
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