De Grey Mining (DEG) has shown continuous mineralisation between the Aquila and newly discovered Crow zones within the Hemi prospect, part of the Mallina Project in Western Australia. A line of RC drill holes heading north from Aquila indicate that the Crow Zone is within the same intrusive body. Air core (AC) drilling previously defined a >1km long by 400m wide anomaly over the Crow Zone and the recent RC intercepts showed wide mineralisation, including: 63m @ 0.9g/t gold from 26m and 89m @ 0.6g/t gold from 43m. DEG is well funded to continue drilling at Hemi and to test regional targets after a recent equity raise of $31.2m. This should support at least 12-months of aggressive drilling at the Mallina Project. Speculative Buy recommendation maintained.
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