Hemi gold prospect provides more positive results for De Grey Mining

De Grey Mining ASX DEG gold mineralisation Hemi prospect
At De Grey Mining’s Hemi prospect, air core drilling has uncovered 44m at 5.1g/t gold, which correlates with previously reported results.

De Grey Mining’s (ASX: DEG) Hemi prospect, within the Mallina gold project near Port Hedland in Western Australia, has continued to provide positive results with latest assays from section A indicating a 30m wide gold zone.

Latest assays from section A at Hemi have returned 44m at 5.1 grams per tonne gold from 40m, including 13m at 8.8g/t gold; and 46m at 6.6g/t gold from 92m, including 21m at 8.3g/t gold.

According to De Grey, the results consolidate a 30m wide gold zone that extends to a 130m depth and is open in all directions.

Assays also correlate with those revealed last week which were 49m at 3.7g/t gold from 65m, including 18m at 6.6g/t gold; and 24m at 7.5g/t gold from 126m, including 18m at 8.6g/t gold.

Meanwhile, at the section B target, which is 640m away, De Grey has unearthed more thick gold intersections including 24m at 4.2g/t gold from 36m, with all holes drilled at this target ending in mineralisation.

De Grey technical director noted the results to date had been high-grade, thick and consistent.

He added the company would re-start drilling at section A and section B within the prospect now Cyclone Damien had subsided, which had caused delays.

Mallina gold project

Hemi forms part of Mallina which covers 1,500 square kilometres in tenements about 80km south of Port Hedland.

According to De Grey, the gold found at Mallina is similar to that mined in WA’s eastern goldfields.

Mallina currently has global gold resources of 1.7 million ounces.

Hemi is a greenfields discovery within Mallina, with the first drill results for the prospect reported in December last year and further air core assays revealing ongoing “encouraging high-grade results”.

The upcoming exploration at Hemi will include resource definition reverse circulation and diamond drilling along with an infill air core program.

In early morning trade, De Grey’s share were up more than 16% to $0.18.

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