De Grey Mining Ltd DGMLF

Metals & Mining Gold

De Grey Mining Limited is an Australia-based gold explorer and project development company. The Company’s activities are focused on the 100% owned Hemi Gold Project in the Pilbara region of Western Australia. Hemi is positioned in the central region of the Company’s 1,500 square kilometers (km2) Hemi Gold Project and is located within 10 kilometers (kms) of two sealed highways, approximately 5 km from a gas pipeline and less than 30 km from an electricity transmission line. The tenement package is highly prospective for gold, other precious metals and also comprises significant base metals resources (Zn-Ag-Pb) as well as lithium prospects. Gold mineralization at Hemi is hosted in a series of intrusions associated with stringer and disseminated sulfide rich zones. Hemi comprises six main zones: Aquila, Brolga, Crow, Diucon, Eagle and Falcon. The Greater Hemi region, located within a 15 km radius of Hemi, includes four intrusion targets: Shaggy, Scooby, Antwerp and Alectroenas.

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De Grey Mining Ltd > News > Discovery of thick conglomerates and gold 12K

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Comment by AltaRounderon Oct 30, 2017 5:01pm

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Post# 26878522

RE:RE:RE:News > Discovery of thick conglomerates and gold 12K

I've just started looking into DEG and I like what I've seen so far. I see value on a risk reward basis at these levels. Going to get in this week as I see good news flow now that they have a small cash hoard to spend. They can quicken the resouce expansion, therfore economics, on the Turner assets plus you get exposure to wits 2.0. Kirkland buying these guys out makes sense to me. Right size and KL could fast track the Feasibility of their assets, including lithium if need be.

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