De Grey Mining (ISIN:AU000000DEG6; ASX: DEG; FSE:DGD) – Gold - Developer/Explorer – WA - VIDEO - Outstanding Drill Results From Pilbara/Hemi

De Grey Mining has been developing this project comprised of various promising gold targets along the Mallina and Scoby gold trend in Western Australia. Thicknesses of gold mineralizations discovered now at target Hemi are outstanding, so are the grades. The two zones newly discovered begin close to surface.

Executive Chairman Simon Lill was giving GOLDINVEST a skype interview in return of these drill results from target Hemi. Though these aircore drillings are still considered early stage discoveries it is assumed that only this single target might be able to feed gold ore for a profitable mine life of 2-4 years (open pit). De Grey's scoping study from 2017, based on an inventory of 1 mio. gold ounces, was already positive. 2019, the company increased it to 1.7 mio. gold ounces and expects to get it raised it up to 3 mio. ounces sooner or later. A lot of work on De Grey's targets along the Mallina shear zone was also done last year and should positively impact the gold resource. The next resource upgade of the Pilbara gold project is expected in the next months and should show investors what size of operation would make sense there.