De Grey Mining (DEG) has defined a new zone of mineralisation at its 100% owned Hemi discovery in Western Australia. Aircore (AC) and RC drilling has intercepted shallow gold mineralisation over a ~400m strike in an interpreted extension to the Aquila Zone, turning to a north-south orientation. Aquila now has a strike extent of +1.6km and Hemi covers an area of 2.5km north-south and 2km east-west. Argonaut estimates an endowment of 3.6Moz gold at Hemi and mineralisation remains open in almost all directions. Drilling of regional Hemi targets, including the Scooby prospect is underway. These offer the potential for another Hemi like discovery. SPEC BUY recommendation maintained.
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