De Grey Mining Limited (ASX: DEG) has discovered a new zone of gold mineralisation at the Buckle Prospect gold deposits at the Mallina Gold Project, 60km south of Port Hedland in Western Australia.
The new find was defined in wide spaced aircore and limited follow-up RC drilling at the Buckle Prospect, located along the major Tabba Tabba Shear Zone, that hosts the Wingina (287,700oz) and Amanda (69,700oz) gold deposits.
The aircore drilling was part of a large regional aircore drilling programme (>47,500m) completed across many areas of the project, focused on new gold discoveries in prospective structural corridors.
Technical Director, Andy Beckwith, said the 2019 aircore drilling programme has successfully delineated strong gold mineralisation at Buckle and the recent discoveries at Hemi and Antwerp along the Scooby to Antwerp Trend.
All three areas show potential for shallow open pit resource potential.
An additional limited follow-up RC drilling was also completed at Buckle in order to better define the potential of the new gold mineralisation
The new Buckle gold mineralisation provides another new resource drilling target on top of the newly defined Hemi and Antwerp discoveries,” Mr Beckworth said.
“Buckle mineralisation is hosted along the southern limb of a folded sediments and mineralisation appears to be increasing in width and grade as we move closer to the plunging fold closure.
“Further drilling is required to test the fold closure and a further 10km of untested ground between the Buckle Prospect and the Amanda Deposit.”
Mr Beckworth said the results of the recent drilling programme are encouraging and highlight the potential to define new additional gold resources from surface along a 1km long strike length and remains open to the west.
De Grey believe the gold mineralisation is increasing in width and grade as drilling nears the plunging fold closure, which will be tested with further drilling.
