DEG defines high grade zinc mineralisation at Tabba Tabba

Published at Sep 12, 2016, in Small Caps

De Grey Mining (ASX:DEG) has received the final 1m sample results from the high grade zinc-lead-silver rich Tabba Tabba prospect.

The RC drilling program at Tabba Tabba has targeted the IP anomaly to a depth of approximately 50 metres deep on 40 metre spaced sections.

A total of 772 metres was drilled in the program including depths to 100 metres from previous drilling.

The drilling program has been successful in defining continuity of the zinc-silver dominant VMS style mineralisation at depth.

As Executive Chairman of DEG, Simon Lill states, these “...deposits are known to cluster.”

However, DEG is an early stage company so please seek professional financial advice before making any investment decision.

Significant results from the 12-hole drill program include:

The Tabba Tabba prospect is located in the eastern portion of the Turner River Project, approximately 40km northeast of the Wingina Gold Deposit.

The prospect sits approximately 15km along strike from the DEG’s 100% owned VMS deposits Orchard Tank (1.7Mt @ 0.5g/t AU, 78.6g/t Ag, 0.99% POb, 2.38% Zn – JORC 2012) and Discovery (1.2Mt @ 0.8g/t Au, 87.0g/t Ag, 0.94% Pb, 2.34% Zn – JORC 2012), including the other encouraging VMS prospects Hakea and Cassia.

Drilling locations at Tabba Tabba:

Further assessment of the IP modelling is set to take place for a better idea on how DEG can target mineralisation in the immediate vicinity along the prospective Tabba Tabba Greenstone Belt.

Results from the Winga Deeps diamond drilling program are in the process of being analysed with results out soon after.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

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