DEG 2.00% 98.0¢ de grey mining limited

Ann: HEMI - Major Extension, page-3

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    HEMI - Major Extension
    ➢ Aircore drilling defines a major extension, ~1000m long x ~200m, wide of the Brolga intrusion, refer to Figure 1.
    ➢ Enhances the potential to significantly expand near surface open pit resources.
    ➢ Results of initial shallow aircore holes include:
    16m @ 2.4g/t from 40m in BWAC491
    8m @ 2.2g/t from 52m in BWAC492
    4m @ 5.0g/t from 60m in BWAC493

    ➢ ~90% of results from new shallow aircore at Brolga are still pending.
    ➢ Additional significant (>20gm*m) RC and diamond results at Brolga include:
    55.3m @ 1.9g/t Au from 184.7m in HERC036D
    6.13m @ 4.8g/t Au from 220m in HEDD002
    18.21m @ 1.5g/t Au from 254.79m in HERC034D
    2m @ 10g/t Au from 161m in HERC050
    16m @ 1.4g/t Au from 177m in HERC052D

    New Managing Director, Glenn Jardine, commented: ”Hemi continues to demonstrate potential to be a large scale, world class deposit and the project area continues to demonstrate its prospectivity for further discoveries. It has been a sharp learning curve at Hemi for the exploration team and this new discovery is a credit to their targeting from that learning. The new discovery appears to be analogous to the early stages of t he initial Brolga discovery. We see a lot more value still to come for investors in De Grey. With this in mind, w e are increasing our drilling effort from 4 rigs to 6 rigs during June. The focus of drilling will continue to be on defining the extent of known mineralisation at Hemi and new discoveries moving into the many regional intrusion and shear zone targets. To complement the scale and extent of near surface mineralisation at Hemi, the project is blessed with world class infrastructure. Everything that we need is on our doorstep including high voltage power, gas pipelines and major highways all within 25km of the project area and an hour drive from Port Hedland, a major transport and services hub. We are also highly encouraged to continue our early stage environmental, infrastructure and metallurgical studies.”
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