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Perth, Mar 1, 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 in relation the Maiden Resource Estimate at the Kauffmans-Homestead Prospect within the Rannes Project in Queensland.
HIGHLIGHTS
- Maiden Resource Estimate completed for the Kauffmans-Homestead Prospect over a 500m strike length.
- Inferred Mineral Resource of 7.7Mt at 0.82g/t gold equivalent for 203koz of contained gold equivalent (0.35g/t gold equivalent cut-off grade) as estimated by Hellman Schofield in accordance with JORC reporting standards.
- Total Solomon Gold Inferred Mineral Resource, including the previously released Crunchie Inferred Resource of 12.3Mt at 1.02g/t gold equivalent, now doubled to 404koz based on a 0.35g/t gold equivalent cut-off grade, increased from 0.2g/t.
- Multiple prospects in close proximity to Kauffmans over a 1.5km strike length, providing excellent potential for a significant expansion of the existing resource inventory.
- Maiden gold resource calculations for the Porcupine Pie and Cracklin Rosie prospects within the Rannes Project are planned.
- Drilling campaign for 2011 has been doubled to a planned 24,000m on drill targets close to Kauffmans-Homestead.
- Gold grade and gold:silver ratio increasing with depth drives deeper exploration below 200m.
- Baseline environmental, metallurgical, crushing and grinding and process design studies to commence.
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://www.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 in relation the Maiden Resource Estimate at the Kauffmans-Homestead Prospect within the Rannes Project in Queensland.HIGHLIGHTS
- Maiden Resource Estimate completed for the Kauffmans-Homestead Prospect over a 500m strike length.
- Inferred Mineral Resource of 7.7Mt at 0.82g/t gold equivalent for 203koz of contained gold equivalent (0.35g/t gold equivalent cut-off grade) as estimated by Hellman Schofield in accordance with JORC reporting standards.
- Total Solomon Gold Inferred Mineral Resource, including the previously released Crunchie Inferred Resource of 12.3Mt at 1.02g/t gold equivalent, now doubled to 404koz based on a 0.35g/t gold equivalent cut-off grade, increased from 0.2g/t.
- Multiple prospects in close proximity to Kauffmans over a 1.5km strike length, providing excellent potential for a significant expansion of the existing resource inventory.
- Maiden gold resource calculations for the Porcupine Pie and Cracklin Rosie prospects within the Rannes Project are planned.
- Drilling campaign for 2011 has been doubled to a planned 24,000m on drill targets close to Kauffmans-Homestead.
- Gold grade and gold:silver ratio increasing with depth drives deeper exploration below 200m.
- Baseline environmental, metallurgical, crushing and grinding and process design studies to commence.
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://www.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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