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NEWS
www.ddh1.com.au

De Grey rocket

keeps its course

his is what Hemi looked like a month ago and everyone was very
T happy with that. Now, we have Falcon as well which is already
2.6km; sometimes I just think it’s unbelievable.”
– Andy Beckwith, technical director De Grey Mining Ltd.

by Dominic Piper
Andy Beckwith

till only months into the discovery, De Grey Mining Ltd is The latest discovery at Hemi is Falcon where aircore drilling
Shaving to redraw its own expectations around the Hemi has extended the zone to 2.4km long, 80m wide and 250m
project on an almost constant basis. deep. Such is the confidence De Grey is developing at Hemi,
De Grey stunned the entire gold sector in February when RC and diamond drilling started even before the aircore results
it announced a second set of wide intercepts from the Hemi were in.
prospect on its Mallina project in the Pilbara, Western Australia. “As we see more core and RC chips we are getting a really
Those early hits – including 24m @ 7.5 g/t gold, 49m @ 3.7 good feeling at the rig of what’s coming out of the hole,”
g/t and 36m @ 4 g/t from the Brolga zone and 24m @ 4.2 g/t, Beckwith said. “Falcon is a good example of that; it was just a
15m @ 2.5 g/t and 21m @ 2.5 g/t from the Aquila zone at Hemi few holes to begin with and then within a week we had 2.4km of
– sent De Grey shares flying, justifying technical director Andy strike, because we could see that it was looking just like Aquila.
Beckwith’s excitement at the discovery. We very quickly got the diamond rig in even before the assays
Eight months on and even Beckwith is in awe of what Hemi and came back.”
the wider Mallina project has turned into. The challenge now is to decide where Hemi will take De Grey.
“In those early days we spent a long time discussing the likely Managing director Glenn Jardine has spent much of his four
orientation of the mineralisation but in the end it probably months in the job trying to get a fix on that.
wouldn’t have mattered what we settled on, it is so big we just “We have a pretty clear goal of where we want to be; the
couldn’t have missed it,” Beckwith told GMJ. “We’re learning immediate target is to reach that aspirational resource in order
every step of the way but even the dead holes have told us to demonstrate it is, at a minimum, a genuine T1 production
something. We are still trying to get our head around the scale scale; and that’s not including the historical resource [2.2 moz].”
of it.” Most explorers would still be working out their follow-up plans
Dead holes are few and far between with the list of significant eight months after discovery but the speed of Hemi’s growth
intercepts since those early hits long. The company has now has De Grey on a completely different trajectory. Even the most
identified four deposits (Aquila, Brolga, Crow and Falcon) with conservative analysts have estimated Hemi contains at least 4
the entire system mapped to 2,500m north-south, 2,000m east- moz gold with clear daylight to plus-5 moz and the company is
west and 400m depth. Although, with all four mineralised zones intent on hitting that Tier 1 target within 12 months of discovery.
remaining open, those dimensions are set to grow again. In September, the company raised $100 million, allowing it to

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