The project is situated 50 kilometres south of Port Hedland in Pilbara, Western Australia.
Significant zones of shallow oxide mineralisation, with some high grade zones, were intersected in numerous holes. Best results include:
- 12 metres at 11.36 g/t gold from 5 metres (including 1 metre at 73.0 g/t gold from 7 metres);
- 31 metres at 2.07 g/t gold from 8 metres.
The drilling intersected multiple sub-parallel gold lodes, including many drill intersections outside of the existing resource boundary.
The shallow oxide mineralisation extends to surface with rock chip samples of quartz veins returning results of up to 62.5 g/t gold with an average grade of 7.11 g/t gold.
The drilling program aims to both upgrade and expand on the current 43,000 ounce gold resource for the Mt Berghaus prospect.
De Grey currently has 366,000 gold ounces already defined for Turner River and is targeting 500,000 ounces in the coming six months.
Final assay results for the remaining 42 holes are expected during early January 2017, following which De Grey will provide an updated resource estimate.
Notably, the Turner River Project is situated only 40 kilometres from Pilbara Minerals’ (ASX:PLS) world class Pilgangoora Lithium Tantalum Project.