De Grey Mining Ltd DGMLF

News > Discovery of thick conglomerates and gold 12K

[brandy2000]

Should gap up this morning.

"Discovery of thick conglomerates and gold nuggets confirms potential of 12 km target Highlights Pitted and flattened gold nuggets confirm two new conglomerate discoveries - Jarret Well and Steel Well - within 12km target area and separate from Loudens Patch. Highly prospective pyrite bearing lower conglomerate bed appears similar to gold bearing rocks reported at Purdy’s Reward (Novo/Artemis) near Karratha. Conglomerates interpreted to be same unit providing over 2.5km of continuous strike length based on geophysical and aerial photography interpretation. Unit remains open to the north and dipping beneath Mount Roe Basalt."

https://hotcopper.com.au/threads/ann-new-conglomerate-gold-nugget-discoveries.3796383/#.Wfcl7UH7a00

[brandy2000]

De 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

[Markedtofuture]

Todays announcement is amazing for several reason, what I like here is not just that nuggets were found it's that they were found on both sides, showing us likely consistency through the middle and the middle is big have a look at these new area, 41 times bigger than loudens, only 10% scanned so far already finding nuggets. Size comparisons of mt roe basalt covered conglomerate zones. 12km

[AltaRounder]

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

[Markedtofuture]

New Conglomerate & Gold Nugget Discoveries     Discovery of thick conglomerates and gold nuggets confirms potential of 12 km target Pitted and flattened gold nuggets confirm two new conglomerate discoveries - Jarret Well and Steel Well -  within 12km target area and separate from Loudens Patch. Highly prospective pyrite bearing