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De Grey Mining Ltd DGMLF

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.


OTCPK:DGMLF - Post by User

Post by arh0070on May 29, 2018 10:05am
148 Views
Post# 28092930

De grey

De greyStock price up 24% overnight in Australia on significant volume .Artemis down a little .Not sure why the reaction was delayed a day after release of the great drilling news .De grey has become one of the most popular companies for postings on hot copper with lots of speculation about a takeover ..Should be an exciting time ahead for pilbara stocks especially those with good drilling results at shallow depths indicating a relatively easy transition to a profitable mine .De grey may have with further exploration a 2 million ounce discovery .Cant imagine it will be allowed to stay independent .Nice to have a small exploration stock that is going up instead of languishing as so many of my canadian based exploration stocks are doing .This is also good news for Kirkland Lake which is heavily investing in the pilbara and the best companies there .arh
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