De Grey’s ’07 exploration program well advanced
De Grey Mining’s 2007 exploration program at its 1,200sqkm Turner River Project, 60km south of Port Hedland, is well underway, with a new drilling program having also commenced at the company’s Beyondie Project, 160km south of Newman.
Since recommencing active field exploration at Turner River at the end of January, De Grey has competed a 7,141m RAB/Aircore drilling program, mainly targeting base metal targets, and a 1,081 sample auger drilling program, further testing parts of the felsic volcanic rock prospective for base metal mineralisation.The company has also completed ground-based Electro Magnetic (EM) geophysics on four previously identified Versatile Time Domain Electro Magnetic (VTEM) geophysical anomalies at Turner River, with two responses indicating the potential for strong bedrock conductors at depth. According to De Grey, the work is already well advanced and rigs have been booked for the next phase of work at Turner River, with a 4,000m reverse circulation drilling program scheduled to commence on March 8. This will be followed by a 1,200m diamond drilling program scheduled to commence in late-March. The purpose of this program is to advance the company’s understanding of the Volcanogenic Massive Sulphide (VMS) mineralisation at its Orchard Tank Prospect, as well as to continue to advance understanding of other existing and emerging VMS prospects.De Grey has also commenced a 1,250m reverse circulation drilling program targeting zinc, silver and copper anomalies at its 2,600sqkm Beyondie Base and Precious Metals Project. This program will test two base metal targets, at Beyondie Bluff and Copper Hills, with eight holes scheduled to be drilled into these greenfields targets. De Grey’s Managing Director, Darren Townsend said: “This marks the beginning of an extensive phase of exploration for De Grey. The focus will be on continuing to expand our understanding of our advanced VMS prospects, as well as progressing our many other prospects and emerging targets.”