DEG 4.10% $1.40 de grey mining limited

What are you talking about Ken.  De Grey ran the samples through...

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    What are you talking about Ken.  De Grey ran the samples through a crusher and gravity machine to get over 4 gpt in the first set of bulk samples and 3 gpt in the second set.  Probably get better grades once they refine the crush size and get the samples to a better gravity machine.  That's the course gold only.  No fines which are visible in the pans.


    The positive coarse gold results demonstrate De Grey’s sampling procedure and recently commissioned custom-built crushing and gravity sampling circuit is an effective tool to rapidly and systematically assess the conglomerate units for coarse gold mineralisation. De Grey defines coarse gold as visible gold to the naked eye or approximately >0.1mm.  
     De Grey’s rapid determination of coarse gold content in the prospective host units is considered an important field tool.

     A full description of sampling and crushing procedures is provided in the Bulk Sampling and Processing section in Appendix 1.


    To date, six (6) 250kg bulk samples (LB250_001 to 006) have been collected and processed by De Grey from Loudens West. Samples LB250_001, LB250_003 and LB250_005 are samples taken from the mapped conglomerate horizon immediately beneath the younger overlying Mt Roe Basalt and above the irregular contact with the underlying older Mallina Formation sediments (Figures 2 and 3). Results are considered very encouraging with the three consecutive conglomerate samples highlighting strong coarse gold, with two samples yielding gold nuggets and significant coarse gold in the pan concentrate (see Table 1 and Plates 1-3).

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    The three samples (LB250_002, LB250_004 and LB250_006) taken from the Mallina Formation immediately below the conglomerate horizon are also gold positive, albeit with lesser amount of visible coarse gold in the pan concentrate. The coarse gold in the Mallina Formation is interpreted to represent gold occurring in cracks and small “clots” of conglomerate at the contact between the two units and heavily diluted by the Mallina Formation which makes up approximately 80 to 90% of the rock mass in these samples.

    Furthermore, gold endowment appears higher where the conglomerate beds are thickest (1.2 to 1.5m) which is evident in samples LB250_003 and 005 which produced gold concentrates weighing 0.98 and 1.98 grams respectively.

    Thus far the bulk of the coarse gold component occurs as non-metal detectable nuggets with particles <2mm size fraction. Very fine gold particles are also seen to float in the pan and are very difficult to collect and assess with this style of sampling. The very fine gold particles suggest further gold may still be hosted in the “sample tails” and this gold content will need to be assayed in future detailed bulk samples at an independent laboratory.

 
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