De Grey Mining Ltd (AU:DEG) has released an update.
De Grey Mining Ltd has completed its $7 million exploration commitment on the Egina Gold Project, securing the right to earn a 50% joint venture interest by investing an additional $18 million by mid-2027. The company has conducted extensive drilling and surveys, discovering significant gold anomalies, with the Egina Project’s geology and structures showing similarity to the adjacent Hemi Gold Project. This strategic move potentially expands De Grey’s resource base in the region, aligning with their growth strategy.
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