De Grey Mining (ASX:DEG) announced that a focused drilling program has commenced at Mallina with 1 diamond rig and 2 RC rigs operating.

As quoted in the press release:


  • Resource extension drilling campaign has commenced.
  • Recent drilling and a detailed geological review confirm the potential for near surface (<100m) high grade mineralisation to extend along strike and at depth.
  • Examples of the broad nature of near surface gold mineralisation include:
    56m @ 3.0g/t from 14m in MLRC214D (incl 30m @ 5.3g/t from 34m)
    22m @ 4.1g/t Au from 9m in MLAC037 (incl 7m @ 11.6g/t Au from 23m) and
    14m @ 4.9g/t Au from 36m in MLAC037 (incl 9m @ 7.0g/t Au from 37m)
    16m @ 3.0g.t Au from 32m in MLRC215 (incl 6m @ 4.7g/t Au from 42m)
    28m @ 2.3g/t Au from 41m in MLAC052 (incl 2m @ 9.6g/t Au from 63m)
    Mineralisation is now present over +7km strike length with incomplete, shallow
    (<100m) drilling to date testing less than 3 km of the system
  • +10,000m RC and diamond drilling (1 DD rig, 2RC rigs) scheduled to be completed by

Click here for the full text release

australia resource outlook free report

What do experts have to say about investing in Australia’s booming resource market? Find out in our FREE outlook report!


Get an in depth market report for free!