Drill Results Signal Expansion Potential at De Grey's Hemi Gold Project

Recent drilling at De Grey's Hemi gold project in Western Australia is unveiling promising prospects for the project's expansion, both in open-pit development and potential underground mining. Focus has centered on the Diucon-Eagle open pits, revealing significant mineralization during recent exploration at Eagle and Diucon sites.

The findings suggest considerable potential for expanding the Diucon-Eagle open pit shell. Extensions below the Eagle pit and shallower Diucon areas display impressive mineralization, with drilling uncovering extensions at least 250 meters down plunge to the west and over 300 meters down dip beneath the current Eagle pit plan.

Phil Tornatora, De Grey's general manager, expresses optimism about the project's potential, noting that the discovered extensions could substantially enlarge the current open pit shell outline. Furthermore, the results hint at the feasibility of future underground mining, prompting additional conceptual studies.

Ongoing reverse circulation drilling at Hemi, particularly along the Diucon Thrust north of Crow and extending towards Scooby, aims to identify additional shallow resources contributing to the project's overall resource base. While further drill holes are pending, 10 completed diamond holes await assay results, with many intersecting significant zones of visible mineralization, indicating the project's mineral wealth.

The extensive Eagle mineralized intrusion, spanning over 1000 meters in strike and approximately 200 meters in true thickness, reaching depths of at least 600 meters, underscores the project's potential. Encouraging intercepts from lodes in the hanging wall of the Diucon Thrust highlight its strong influence on mineralization in the Hemi area. These ongoing exploration activities signal a positive outlook for the continued development and potential expansion of the Diucon-Eagle open pits, solidifying the project's significance in the region's gold mining landscape.