De Grey Mining Limited has announced positive RC drilling results from the Amanda and Amanda East Gold Deposits, located in the Pilbara region of Western Australia. The company has stated that the results indicate a strong continuity of mineralisation.
De Grey is ramping up exploration throughout the tenement in a bid to upgrade and expand known resources, as well as discover new deposits. There are more than 40 identified but yet untested soil anomalies and the company is now aiming to significantly increase resources throughout the under-explored and highly prospective project area.
The Amanda deposit has a defined resource of 0.69Mt at 1.6 grams per tonne Au for 35,400oz in Amanda and Amanda East.
De Grey has stated that the gold deposits show potential for additional drilling to extend resources in most directions including between the two deposits where very limited drilling has occurred to date.
De Grey’s proposed programs will be going forward at Amanda, including an updated resource estimate (which is now underway), and incorporates recent drill results and revised wireframes. The recent drilling is expected to increase total resource ounces and improve resource classification.
Further plans include open-pit mining optimisations as part of the preliminary economic assessment (PFS).
The full list of significant intercepts for Amanda and Amanda East can be found here.