De Grey Continues to Expand

De Grey Mining has unveiled new data indicating further expansion of its highly anticipated Hemi gold project in Western Australia.

Drilling at the Aquila and Crow deposits, located in the northern region of the Hemi project, shows promise for enhancing the Hemi mineral resource estimate (MRE) and strengthening the production profile outlined in the company’s definitive feasibility study (DFS).

The Aquila-Crow intrusive body now extends up to 1 km east-west and 0.7 km north-south. Initially, it was thought to pinch out at depth below Aquila, but more recent interpretations suggest the intrusive continues deeper.

“Drilling beneath the DFS pit shells and below the current mineral resource at Aquila-Crow demonstrates that a large mineralized system extends to depth and remains open,” said De Grey's General Manager of Exploration, Phil Tornatora.

Additionally, the nearby McLeod lodes, high-grade lodes in the southeast of the Crow deposit, exhibit different characteristics from the bulk of Hemi’s mineralization. These lodes are generally associated with smoky quartz veining with visible gold.

“The McLeod lodes in the south of Crow continue to return high-grade intercepts, and it is exciting to see similar style mineralization persisting in deeper holes below Aquila,” Tornatora added. “This extension drilling has strong potential to enhance the Hemi MRE and support conceptual studies for potential future underground mining.”

Earlier this month, De Grey announced securing over $1 billion from commercial banks and government agencies for Hemi’s development. This funding followed promising drilling results from Hemi, including extended mineralization at the Eagle deposit, which extends 200 meters down plunge and remains open at depth and potentially along strike.