EXPLORATION & DEVELOPMENT

Eagle set to grow at Hemi

DE GREY Mining’s latest exploration update has included drill results 240m from the Eagle deposit that “demonstrate clear potential to increase the 6.8 million ounce Hemi mineral resource estimate”.

 Hemi exploration camp, WA

Hemi exploration camp, WA

The best result was 31m grading 3.6 grams per tonne from 241m.

Drilling is continuing at the project with about a dozen rigs in action.

De Grey's maiden's Hemi resource estimate of 192 million tonnes grading 1.1gpt was reported in June.

A scoping study is expected at the end of the quarter.

De Grey started the September period with A$71 million cash, having spent $16 million in the June quarter.

On a weak day for the gold sector, shares in De Grey were down 7% to $1.19, capitalising the company at $1.5 billion.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.