De Grey Mining Limited (ASX:DEG)
De Grey Mining Limited (ASX:DEG) is a gold explorer and project developer which has made one of Australias most exciting new gold discoveries at Hemi in the Pilbara, Western Australia.
The Company is a multi-commodity explorer and has had a presence in the WA Pilbara region since inception. De Grey's primary focus is the 100% owned Mallina Gold Project in the Pilbara. In late 2019 the Company made a large scale, high value, near surface gold discovery at an area called Hemi.
The Hemi discovery is an intrusion-hosted form of gold mineralisation which has not been previously encountered in the Pilbara. The high value of the discovery is driven by its size, grade continuity, closeness to surface and growth potential. The deposits have the potential to be mined by large scale, low strip ratio, low cost open pit mining methods.