viewDe Grey Mining Ltd

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 Ltd

Price: 0.062 AUD

Market: ASX
Market Cap: $58.19 m

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De Grey Mining 'adding to resource base in next 6 months' in the Pilbara

De Grey Mining (ASX: DEG) chairman Simon Lill speaks to Proactive Investors about exploration and development works, and the company's growing gold reserves and resources, in the Pilbara region of Western Australia. Lill also updates on the acquisition of of Indee Gold Pty Ltd.

on 28/2/19

2 min read