PERTH (miningweekly.com) – Junior De Grey Mining has reported a 29% increase in the contained gold ounces at Mallina gold project, in Western Australia, following drilling at the project.
The project is now estimated to host a total mineral resource of 37.44-million tonnes, grading 1.8 g/t gold for 2.2-million ounces of contained gold.
“We are very pleased to have achieved 2.2-million ounces based on all drilling to the end of 2019. Importantly, we have maintained the high average grade of 1.8 g/t, all deposits commence from surface, making them readily amenable to openpit mining and all remain open,” said De Grey technical director Andy Beckwith.
“Our new Hemi discovery is shaping up as a game changer and is not included in this resource statement. The thickness of the mineralisation at Hemi is an order of magnitude larger than our existing deposits, which provides an exciting opportunity to significantly grow our resource.
“As we have repeatedly stated, our next corporate goal is to achieve three-million ounces and we strongly believe this will be eclipsed by the end of 2020.”