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De Grey lands Indee gold

Another Australian gold miner looks clearly in the making with De Grey Mining (ASX: DEG) having a 12-month option to buy Indee Gold for $A15 million (US$11.4 million), and having the aim of developing a new mining operation in the Pilbara region in the second half of next year.

De Grey lands Indee gold De Grey lands Indee gold De Grey lands Indee gold De Grey lands Indee gold De Grey lands Indee gold

Diamond drilling at Wingina Well in Western Australia

The acquisition of Indee Gold from its Chinese owners will nearly double De Grey’s resources in the region to around 800,000 ounces, with the initial target being to have more than 1 million ounces in

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