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The De Grey (ASX:DEG) share price is soaring today. Here’s why



Closeup of a smiling man holding a jar containing nuggets of gold

Image source: Getty Images

The De Grey Mining Limited (ASX: DEG) share price has jumped 6.7% higher on Thursday. This comes after a positive update from the Aussie gold miner.

At the time of writing, De Grey shares are changing hands for $1.19.

What did De Grey announce?

De Grey provided an update to the market on “compelling new results” which seems to have investors excited.

The Aussie miner said recent results have “clear potential” to increase its 6.8 million ounce (Moz) Hemi resource in Western Australia.

De Grey managing director Glenn Jardine was bullish on the updated drilling results. He said: “The new drilling results at Diucon provide clear evidence that increases to the current Hemi…

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