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In This List

De Grey defines high-grade shoots at Turner River gold project in Western Australia

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De Grey defines high-grade shoots at Turner River gold project in Western Australia

De Grey MiningLtd. said April 14 that a recent review of the resource model and existingdata for the Wingina Well deposit, part of its Turner River gold project in Western Australia, shows significantpotential in three high-grade plunging shoots, using a 1.5 g/t of gold cutoff.

The shoots remain open at depth, and are considered the mostlikely zones that may support underground mining operations, the company said.

The company intends to undertake drilling in May to test downplunge within fresh bedrock for underground mining potential, to build upon a previouslyreported 2009 desktop study that only included the open pit mining scenario.

In addition to the shoots, an extensive envelope of lower-grademineralization forms the remainder of the contained JORC 2012-compliant resourceestimate.

Additional satellite gold resources occur within a 25-kilometerradius and include Mount Berghaus with estimated 43,000 ounces of gold, Amanda with35,000 ounces of gold and Discovery with 33,000 ounces of gold.

De Grey plans to conduct additional shallow reverse-circulationdrilling to follow up previous encouraging gold intercepts at the Discovery deposit.