OTCPK:DGMLF - Post by User
Comment by
brandy2000on Oct 30, 2017 9:38am
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Post# 26875505
RE:News > Discovery of thick conglomerates and gold 12K
RE:News > Discovery of thick conglomerates and gold 12KDe Gray Mining with potentially explosive rediscovery When Australian De Gray Mining (WKN 633879 / ASX DEG) last announced the discovery of gold nuggets - and the associated gold conglomerate targets - the company's stock shot up with huge sales. Now De Gray announces another, possibly even more spectacular discovery of this kind! Today after the stock market close in Australia - the Australian investors could not react yet - told De Gray namely that they have discovered powerful conglomerates, a very promising type of mineralization, and again gold nuggets. That, the company confirms the potential of a 12-kilometer exploration target! De Gray has made two new conglomerate discoveries - within this 12-kilometer target area - called Jarret Well and Steel Well, which have been confirmed by grainy and flat gold nuggets. These are separate areas for the discovery of Louden Patch, which had missed the De Gray course such a tremendous boost. The company also announced that the highly prospective pyritic conglomerate bed appears to resemble that gold-bearing rock discovered by Novo Resources (WKN A1JG38) and Artemis Resources (WKN A0MK5T) near Karratha. And Novo Resources rose from about $ 0.85 before the first discovery to now 7.34 CAD! In any case, De Gray assumes that the newly discovered conglomerates are the same unit, so that on the basis of previous investigations a continuous strike length of more than 2.5 kilometers would result. The unit remains open to the north and falls under the Mount Roe basalt, it said. And De Gray has so far studied only less than 10% of the 12-kilometer-long zone with metal detectors ... Simon Lill, Executive Chairman of De Gray Mining, said "The company's geological team has recognized the importance of Novo and Artemis activities earlier than many other companies and quickly followed the discovery of Louden's patch. Now the team has made more exciting discoveries than their potential Loudens patch could seem downright small. At any rate, De Gray is now taking all necessary steps to generate drilling targets as soon as possible, Mr Lill continued. It will be interesting how the markets in Australia react tomorrow. The interest in the Australian discussion forum HotCopper is certainly high. In any case, shareholders of De Gray can look forward to another exciting newsflow. Especially as the company will soon be drilling on the high-profile projects Toweranna and Blue Moon in attack. In any case, there is much to suggest that the success story of De Gray Mining is far from over! Of course, the stock is a very speculative investment with high risks. That should not go unmentioned. Without high risk, there are no chances for high profits.