De Grey Mining's latest drilling results

De Grey Mining (ASX:DEG) has released promising results from its infill grade control drilling at the Brolga deposit, part of the Hemi Gold Project. The drilling campaign improved drill spacing, enhancing ore production planning. With 60% of assay results received, an updated Mineral Resource Estimate for Hemi is expected soon, potentially upgrading the first year's ore production to the JORC Measured Resource category.

Overview of De Grey Mining's Brolga drilling update

De Grey Mining has achieved significant progress with its infill grade control drilling at the Brolga deposit within the Hemi Gold Project. The drilling refined the drill spacing, which is expected to enhance ore production planning and scheduling. With a substantial portion of assay results received, De Grey aims to update the Mineral Resource Estimate next month, potentially elevating the ore production classification to a JORC Measured Resource. This drilling supports the Hemi Definitive Feasibility Study, indicating a rapid capital payback from the Brolga Stage 1 pit. The company anticipates producing 525,000 ounces of gold in the first year, with a long-term goal of improving operational readiness and maximizing economic potential. De Grey continues to focus on exploration and resource updates to solidify confidence in the project's future.

Executive insights on Brolga drilling results

The infill drilling results confirm the quality and continuity of the Brolga orebody, which is crucial for our operational strategy.