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D'Aguilar Gold Limited (ASX:DGR) Announce Further Expansion of Burkina Faso Gold Interests Of Mt Isa Metals Limited (ASX:MET)
D'Aguilar Gold Limited (ASX:DGR) Announce Further Expansion of Burkina Faso Gold Interests Of Mt Isa Metals Limited (ASX:MET)

Brisbane, Feb 8, 2011 AEST (ABN Newswire) - D'Aguilar Gold Limited (googlechartASX:DGR) are extremely pleased to draw the attention of shareholders to last night's announcement by Mt Isa Metals Limited (googlechartASX:MET) regarding a stepchange in its gold exploration interests in Burkina Faso, through the incorporation of a new subsidiary company, Harmattan Gold.

This initiative follows MET's recent successful capital raising of A$14m at a price of A$0.70 to further underwrite its exploration programs on its own Burkina Faso gold projects.

Summary

- MET proposes raising A$1.8m in seed capital to create a new Burkina Faso focussed gold exploration Company Harmattan Gold Pty Ltd (HMG).

- MET believes that Burkina Faso remains under-explored and offers numerous opportunities to secure highly-prospective gold exploration projects.

- HMG business development is in progress, and is targeting greenstone-hosted gold deposits in a substantial new exploration permit portfolio.

- Proposed HMG permits will be in addition to MET's current Burkina Faso exploration properties.

- HMG will target an IPO and stock exchange listing by mid-2011.

- MET is aiming to secure significant value via its retained equity interest in HMG (projected to be approximately 46% post-IPO).

D'Aguilar Gold Limited holds 52 million shares in MET. Following MET's recent capital raising, this represents approximately 33% of MET's issued capital.

The announcement can be viewed in full on the ASX website under the Mt Isa Metals code of MET, or in the "Latest News" section of the Mt Isa Metals website: http://mtisametals.com.au

Contact

Mr Nicholas Mather
Managing Director
D'Aguilar Gold Limited
Ph: +61-7-3303-0680

Karl Schlobohm
Company Secretary
D'Aguilar Gold Ltd
Ph: +61-7-3303-0680
D'Aguilar Gold Limited

Email: info@daguilar.com.au
http://www.daguilar.com.au



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