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De Grey Mining Announces Ongoing High Grade Intercepts At Toweranna

Mining News - Published on Mon, 17 Jun 2019

Image Source: DJ Carmichael
De Grey Mining Limited announced results for an additional 17 RC drill holes from the Toweranna Gold Deposit. The RC program has now been completed with a total of 42 holes drilling an advance of 10,126 meter. The RC drilling has been undertaken on a 40 meter x 40 meter basis to allow for an open pit resource estimation to 200m depth, targeting lateral and depth extensions to the existing shallow 2018 Toweranna Mineral Resource of 2.01 million tonne @ 2.2 gram per tonne Au for 143,900oz. The new drilling results confirm lateral extensions and additional stacked lodes and add further support to an anticipated substantial increase to the current open pit resource to 200m depth. Potential to extend gold lodes beyond 200m is currently being evaluated with selected scout diamond holes testing for mineralisation between 200-600 meter depth.

Gold mineralization 200 meter to northeast

Four holes located approximately 200m to the northeast were drilled to test another potential intrusion and previous limited gold intercepts. Drilling intersected further narrow intrusive units, with a best gold intersection of 12m @ i.i9 gram per tonne Au. The four holes were assayed on a four meter composite basis with results from one meter resplits remains pending.

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Posted By : Sanju Moirangthem on Mon, 17 Jun 2019
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