Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Mining

De Grey Mining begins heritage survey over conglomerate gold targets

The next stage will include initial earthworks and bulk sampling programs.

De Grey Mining Limited (ASX:DEG) is undertaking a heritage survey over three conglomerate gold targets in the Pilbara region of Western Australia.

The on-ground component of the survey at the Loudens Patch, Jarret Well and Steel Well targets is expected to be completed in the next week.

Results are expected to be reported within a month of the survey being completed.

READ: De Grey Mining could benefit from revived interest in conglomerate gold as it pushes ahead with PFS

Pending a successful outcome, De Grey then expects to begin initial earthworks and bulk sampling programs with Loudens Patch the first priority.

Earthworks along the 1.4-kilometre Loudens Range are expected to expose the conglomerate horizon at specific locations.

These include at the base of the Mt Roe Basalt and across the stratigraphic horizons at Jarret Well and Steel Well.

Earthworks program approved

De Grey has received approval for a works program that will provide for total earthworks disturbance of 7,800 tonnes across the targets which will provide for suitable bulk sampling.

Detailed mapping is expected to provide a better understanding of the overall geology of the sequence, alteration and possible controls on gold mineralisation.

Bulk sampling planned

The next stage will also include detailed on-site bulk sampling, which De Grey intends to start immediately after approval is granted.

It will include on-site crushing and processing to provide a rapid visual assessment of gold content.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK