{"id":711971,"date":"2018-05-22T20:55:09","date_gmt":"2018-05-22T20:55:09","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=711971"},"modified":"2018-05-22T20:55:09","modified_gmt":"2018-05-22T20:55:09","slug":"de-grey-mining-receives-5-million-for-pilbara-activities-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=711971","title":{"rendered":"De Grey Mining Receives $5 Million for Pilbara Activities"},"content":{"rendered":"

By Olivia Da Silva<\/a><\/span> <\/p>\n

\"gold<\/a><\/div>\n

With a $5 million investment, DGO Gold (ASX:DGO<\/a>) will be helping De Grey Mining (ASX:DEG<\/a>) expand and accelerate its exploration program in Pilbara, Australia.<\/strong><\/p>\n

De Grey’s primary operation, the Pilbara gold project, features multiple prospective deposits, which the company says contain 406,000 ounces of gold. In a press release<\/a>, the company said DGO Gold’s investment would go towards expanding its drilling program and to pre-feasibility studies at the Pilbara project.<\/p>\n

This would entail additional funding to improving base level exploration data, resource extensions and infill drilling, along with an open pit PFS study set to be completed sometime this year.<\/p>\n

\n
\n

\n<\/a><\/div>\n
\n

\n<\/a><\/p>\n

10+ Gold Stocks to Watch<\/h2>\n

Stocks.
\nExpert Insights.
\nIndustry Stats.
<\/h4>\n

Give me my free report! <\/a>\n<\/div>\n<\/div>\n

\n<\/div>\n

<\/div>\n

At the cost of $0.20 per share, DGO entered a subscription agreement with De Grey for 25 million shares of the company, resulting in a $5 million investment. De Grey has also agreed to issue up to $1 million in equity to its drilling partner, Top Drill, who is conducting an ongoing drilling program at the Pilbara project.<\/p>\n

\u201cWe are extremely pleased with this endorsement from DGO, one of our Pilbara neighbours. DGO is backed by significant gold investors and led by the well credentialled geologist, Ed Eshuys,\u201d De Grey chairman Simon Lill wrote in a statement.<\/p>\n

\u201cDGO have been attracted to our significant and underexplored mineralised shear zones. De Grey will utilise funds raised to expand its current exploration program across this region.\u201d<\/p>\n

Gold was trading at AUD$1,705.36 per ounce as of 3:45 p.m. EST on Tuesday, May 22.<\/p>\n

Don’t forget to follow us @INN_Resource<\/a> for real-time updates!<\/em><\/p>\n

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

\n
\n

\n\"gold<\/a><\/div>\n
\n

\n<\/a><\/p>\n

10+ Gold Stocks to Watch<\/h2>\n

Stocks.
\nExpert Insights.
\nIndustry Stats.
<\/h4>\n

Give me my free report! <\/a>\n<\/div>\n<\/div>\n

\n<\/div>\n

<\/div>\n

The post De Grey Mining Receives $5 Million for Pilbara Activities<\/a> appeared first on Investing News Network<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Investing News Network<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Olivia Da Silva With a $5 million investment, DGO Gold (ASX:DGO) will be helping De Grey Mining (ASX:DEG) expand and accelerate its exploration program in Pilbara, Australia. De Grey’s primary operation, the Pilbara gold project, features multiple prospective deposits, which the company says contain 406,000 ounces of gold. In a press release, the company […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[359],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/711971"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=711971"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/711971\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=711971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=711971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=711971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}