The De Grey Mining Limited (ASX: DEG) share price is surging today. At the time of writing, shares in the gold miner are trading for $1.55 – up 11.5%. By comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.31% higher.
The company comes into focus this morning as it announces “significant” drilling results at one of its sites in the Pilbara region of Western Australia.
Let’s take a closer look at today’s news and what it means for the De Grey share price.
What’s affecting the De Grey share price?
In a statement to the ASX, De Grey Mining says initial drill results at the Diucon-Eagle mining sites in the Hemi prospect have confirmed a large mineralised system.
The company highlighted the following results:
- a 14m wide ore…