Australia's De Grey Mining rises on drilling results from Brolga deposit

De Grey Mining

13/01/2025 05:00

** Shares of De Grey Mining  DEG.AX  rise as much as 1% to
A$1.955, their highest since Dec. 12
    ** DEG set for fourth straight session of gains, if the
current trend holds
    ** Gold explorer reports its latest infill grade control
drilling results at the Brolga deposit, part of the Hemi Gold
Project
    ** DEG has intercepted cut-off grade gold mineralizations at
Brolga project in Western Australia
    ** Findings constitute about 40% of the overall drilling
programme but are not required for project financing 
    ** Says findings to instill confidence in potential debt
providers regarding quality and consistency of mineralization
     ** Stock rose 0.5% in 2024

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@ThomsonReuters.com;))