Falcon's consistent gold mineralisation highlighted by De Grey

DE GREY Mining has pointed to the consistency of gold mineralisation at the Falcon prospect, part of the successful explorer’s Hemi discovery in Western Australia’s Pilbara region.
 Falcon's consistent gold mineralisation highlighted by De Grey  Falcon's consistent gold mineralisation highlighted by De Grey  Falcon's consistent gold mineralisation highlighted by De Grey  Falcon's consistent gold mineralisation highlighted by De Grey  Falcon's consistent gold mineralisation highlighted by De Grey

De Grey's big drill out at Hemi, Western Australia

The company reported a recent hit of 92m at 1.3 grams per tonne gold from 124m was 50m up-dip of a previous intersection of 92m at 1.3gpt.

Falcon has a reported zone of gold mineralisation over a strike of 1000m, to a depth of 350m and up to 80m wide.

Falcon is about 600m from the Brolga prospect and next to the Aquila zone of mineralisation.

All are covered by about 30-40m of transported cover.

De Grey is working towards resource estimates by mid-year, with drilling also targeting new prospects in the Hemi area.

The company raised A$100 million cash a few months back by issuing new shares priced at $1.20 each.

Shares in De Grey were down 1.5% to $1 in morning trade, capitalising the company at nearly $1.3 billion.