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Brisbane, Feb 15, 2011 (ABN Newswire) - D'Aguilar Gold Limited (
ASX:DGR) are pleased to draw the attention of shareholders to last night's announcement by Solomon Gold Plc (LON:SOLG) regarding the commencement of drilling, and high grade rock chip samples from the Guadalcanal Joint Venture's Mbetilonga Project.
HIGHLIGHTS
Mbetilonga Project
- Rock chip samples in the Kolokepi and Ngalimane Prospects, eastern Mbetilonga have shown encouraging copper, gold, silver and molybdenum grades.
- Drilling commences on the Vuanimaho porphyry Prospect, eastern Mbetilonga.
Chikora Prospect
- Diamond drill holes CK003 and CK004 have returned positive copper results from assays received to date.
- Further assay results are pending for two further diamond drill holes, CK005 and CK006.
- Reinterpretation of the Chikora geological model suggests a porphyry system causing the mineralisation at surface and in drill holes at depth.
2011 Work Program, Guadalcanal Joint Venture
- NVL Solomon Islands Limited (Solomon Gold's JV partner) has proposed an extensive work program budgeted at US$6million on Mbetilonga, Sutakiki, Kuma and Central during 2011, including a planned 5,600m (3,500m at Mbetilonga and 2,100m at Sutakiki) drilling program.
Due to the regulatory limitations placed on D'Aguilar's ability to summarise these results, shareholders are encouraged to read the full Solomon Gold announcement. The announcement can be viewed in full under the "Latest News" section of the Solomon Gold website: http://solomongold.com.
D'Aguilar Gold Limited holds 35.2 million shares in Solomon Gold, which equates to 12.5% of the issued capital.
ASX:DGR) are pleased to draw the attention of shareholders to last night's announcement by Solomon Gold Plc (LON:SOLG) regarding the commencement of drilling, and high grade rock chip samples from the Guadalcanal Joint Venture's Mbetilonga Project.HIGHLIGHTS
Mbetilonga Project
- Rock chip samples in the Kolokepi and Ngalimane Prospects, eastern Mbetilonga have shown encouraging copper, gold, silver and molybdenum grades.
- Drilling commences on the Vuanimaho porphyry Prospect, eastern Mbetilonga.
Chikora Prospect
- Diamond drill holes CK003 and CK004 have returned positive copper results from assays received to date.
- Further assay results are pending for two further diamond drill holes, CK005 and CK006.
- Reinterpretation of the Chikora geological model suggests a porphyry system causing the mineralisation at surface and in drill holes at depth.
2011 Work Program, Guadalcanal Joint Venture
- NVL Solomon Islands Limited (Solomon Gold's JV partner) has proposed an extensive work program budgeted at US$6million on Mbetilonga, Sutakiki, Kuma and Central during 2011, including a planned 5,600m (3,500m at Mbetilonga and 2,100m at Sutakiki) drilling program.
Due to the regulatory limitations placed on D'Aguilar's ability to summarise these results, shareholders are encouraged to read the full Solomon Gold announcement. The announcement can be viewed in full under the "Latest News" section of the Solomon Gold website: http://solomongold.com.
D'Aguilar Gold Limited holds 35.2 million shares in Solomon Gold, which equates to 12.5% of the issued capital.
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About DGR Global
DGR Global (formerly D’Aguilar Gold Limited) (ASX:DGR) is focused on generating exploration and development companies in a wide array of minerals.
Projects are conceived directly through the skills and experience of D’Aguilar’s accomplished team of exploration geoscientists (with an enviable track record), not by the costly purchase of properties. Each project or exploration strategy is held in a separate subsidiary.
Focused and specialist management is then engaged in the subsidiary, with project specific finance raised in the subsidiary – faster and less dilutive to D’Aguilar. As the subsidiary project develops and starts to derisk the subsidiary is separately capitalised (seed raisings followed by an IPO).
Investors can choose to invest specifically in a particular project/commodity, or by investing in D’Aguilar, invest in the resource company generating business which retains a significant carried interest in each project.
D’Aguilar projects tend to be very large, targeting new provinces with the potential to make world-class discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub-economic deposits into viable projects, D’Aguilar subsidiary projects frequently emerge from detailed reassessment and reinterpretation of large databases – looking at things from a new angle and with a different focus using state of the art techniques. The D’Aguilar Directors and Managers have in the past applied new exploration models to extensive tenement areas which have led to identification of new mineral provinces and the discovery of nationally significant resources. Similar efforts are now being dedicated to D’Aguilar.
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>>>       DGR Global>>> Solomon Gold Plc |
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