De Grey (ASX:DEG) is now hitting gold from near surface to 500m vertical depth at the 1km-long ‘Falcon’ intrusion at Hemi. The mineralisation remains open, the company says.

At Falcon — ~600m west of Brolga and immediately south of Aquila – strong mineralisation has been defined over 1km length. The orebody is covered by ~40m of transported material.

Six step out holes spaced 160m apart were drilled to test the potential for extension to known mineralisation to 500m vertical depth.

All six intersected gold, including a highlight 69.4 @ 1.5g/t gold from 311.6m in HERC588D.

The mineralised system remains open below 500 vertical metres, De Grey says. Drilling continues at Falcon to follow higher grade lodes below 300 vertical metres.

Caption: Long Projection of Falcon showing gold endowment (gram metres).

Resource definition drilling

Tighter spaced resource definition drilling at 40m by 40m spacing has been conducted to a vertical depth of ~350m along the 1km strike length at Falcon.

This drilling continues to pull up impressive intersections, including 37m at 1.6g/t gold.

The Falcon intrusion also continues for another 2km to the south of known mineralisation, at least. This thing is a monster.

Deeper RC drilling to effectively test this area in more detail is also currently in progress.

“Resource definition drilling above 300 vertical metres has intersected strong mineralisation at encouraging gold grades over wide intervals,” De Grey managing director Glenn Jardine says.

“This drilling is being conducted to support the maiden Hemi resource estimate due for delivery in mid-2021.”

The company is also conducting RC drilling across Greater Hemi, Jardine says.

“Drilling continues to the west and north of Diucon and Eagle,” he says.

“A wide spaced RC drilling program is in progress at Scooby testing geochemical and induced polarisation (IP) anomalies. This drilling is expected to be completed in June with results following.”

The market eagerly awaits release of the maiden Hemi resource estimate which will be in addition to the already 2.2Moz JORC mineral resource for existing deposits across the Pilbara Gold Project.



This article was developed in collaboration with De Grey, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.