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De Grey (ASX:DEG) share price rockets 11% on latest update

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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…



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