De Grey Mining $DEG is my holding for the conglomerate gold rush in the North West of Western Australia. The stock has been currently trading in a holding pattern that indicates that sophisticated investors are accumulating. Expect Novo Resources to be releasing a 3D conglomerate mapping update this week that will impact all the exploration plays in the area. My snapshot notes of De Grey can be found below.
Upcoming News Flow
-----------------------------------
* Novo conglomerate Updates
* Q4 2017 US/Canada Roadshow DEC 17
* Blue Moon first-ever drilling - underway
* Q1 2018 Toweranna final 1m drilling assays
* Blue Moon drilling assays
* King Col lithium soil sampling (5km strike) and diamond drilling
* Toweranna and Blue Moon Phase 2 RC/Diamond drilling commencement
* Conglomerate Gold Target heritage surveys
* Loudens - Trench and bulk sampling commencement
* Farno McMahon/Van Maris geological mapping, geo chem and heritage surveys
* Q2 2018 Toweranna and Blue Moon continued RC and DD drilling results
* Aircore/RAB - Farno McMahon, Van Maris Tabba Tabba Shear commencing
* Conglomerate Gold trenching and bulk sampling results
* Metallurgical test work results and proposed final plant design
Conglomerate Gold
• Heritage Clearance
• Ongoing Orientation Sampling
• Reconnaissance Level Soil Sampling, Mapping, Metal Detecting
• Geophysics – trial seismic to detect basement of conglomerates
• Continue to monitor and learn from Novo/Artemis releases – leading the way!
Once heritage clearance achieved
• Trenching for geology and bulk sampling
• Drilling and/or adits
Highlights
---------------
* 1.2Moz GOLD resources and growing
* Conglomerate Gold Targets 3 target with nuggets
* Positive Scoping Study (PEA) with significant capacity to improve
* Large pipeline of 41 untested gold anomalies > 200 kms of mineralised shear zone 1,800km2
* Large LITHIUM target 7.5km long target with new discovery drill intercep
JORC Deposit
--------------------
1.2Moz GOLD deposit
Corporate Snapshot
------------------------------
Shares on issue: 284M
Listed Options on issue: 53M
Unlisted Options: 25M
Cash (Sept 2017): AUD $7.3 million
Upcoming News Flow
-----------------------------------
* Novo conglomerate Updates
* Q4 2017 US/Canada Roadshow DEC 17
* Blue Moon first-ever drilling - underway
* Q1 2018 Toweranna final 1m drilling assays
* Blue Moon drilling assays
* King Col lithium soil sampling (5km strike) and diamond drilling
* Toweranna and Blue Moon Phase 2 RC/Diamond drilling commencement
* Conglomerate Gold Target heritage surveys
* Loudens - Trench and bulk sampling commencement
* Farno McMahon/Van Maris geological mapping, geo chem and heritage surveys
* Q2 2018 Toweranna and Blue Moon continued RC and DD drilling results
* Aircore/RAB - Farno McMahon, Van Maris Tabba Tabba Shear commencing
* Conglomerate Gold trenching and bulk sampling results
* Metallurgical test work results and proposed final plant design
Conglomerate Gold
• Heritage Clearance
• Ongoing Orientation Sampling
• Reconnaissance Level Soil Sampling, Mapping, Metal Detecting
• Geophysics – trial seismic to detect basement of conglomerates
• Continue to monitor and learn from Novo/Artemis releases – leading the way!
Once heritage clearance achieved
• Trenching for geology and bulk sampling
• Drilling and/or adits
Highlights
---------------
* 1.2Moz GOLD resources and growing
* Conglomerate Gold Targets 3 target with nuggets
* Positive Scoping Study (PEA) with significant capacity to improve
* Large pipeline of 41 untested gold anomalies > 200 kms of mineralised shear zone 1,800km2
* Large LITHIUM target 7.5km long target with new discovery drill intercep
JORC Deposit
--------------------
1.2Moz GOLD deposit
Corporate Snapshot
------------------------------
Shares on issue: 284M
Listed Options on issue: 53M
Unlisted Options: 25M
Cash (Sept 2017): AUD $7.3 million
Kommentar:
De Grey Mining $DEG Still locked in that boxed accumulation zone. Novo update is the next news catalyst - hopefully released tonight so it can trade on the news tomorrow before the break