Investment Bank Initiates Coverage on De Grey Mining Ltd
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De Grey Mining Limited is an Australia-based gold explorer and project development company. The Company is principally focused on Mallina Gold Project (MGP), which is located approximately 80 kilometers (kms) south west of Port Hedland in the Pilbara region of Western Australia. The Company's 1,500 square kilometers (km2) of MGP is centered around the Hemi deposit. Hemi is located within 10 km of two sealed highways, approximately 5 km from a gas pipeline. Its tenement package is prospective for gold, other precious metals and also comprises significant base metals resources (Zn-Ag-Pb) as well as lithium prospects. Hemi is made up of a series of zones: Aquila, Brolga, Crow and Falcon. Gold mineralisation at Hemi is hosted in a series of intrusions associated with stringer and disseminated sulphide rich zones. It also holds discovery targets in the Greater Hemi Region, located within a 15 km radius of Hemi, which includes four intrusion targets: Scooby, Antwerp, Shaggy and Alectroenas.