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D'Aguilar Gold Limited (ASX:DGR) Announce Solomon Gold (LON:SOLG) Guadalcanal Joint Venture Exploration Update
D'Aguilar Gold Limited (ASX:DGR) Announce Solomon Gold (LON:SOLG) Guadalcanal Joint Venture Exploration Update

Brisbane, April 1, 2011 AEST (ABN Newswire) - D'Aguilar Gold Limited (googlechartASX:DGR) are pleased to draw the attention of shareholders to last night's announcement by Solomon Gold Plc (googlechartLON:SOLG) regarding the Guadalcanal Joint Venture, exploring for gold and copper on the island of Guadalcanal, Solomon Islands.

HIGHLIGHTS

Newmont earn in and election to proceed

- Newmont claimed expenditure of US$8.4million to date.

- Newmont election to proceed to 70% by expending total US$12million, two years earlier than required.

- US$6.04million budget in 2011, including a total of 5,600m of drilling, which includes 3,500m at Mbetilonga and 2,100m at Sutakiki.

Vuanimaho drilling progress

- Two diamond drill holes targeting porphyry style mineralisation terminated in fractured altered diorite. Alteration, magnetite, silica veining and sulphide contents increasing at depth in both holes.

- Core samples are to be submitted for assays.

Eastern Corridor mineralisation and Induced Polarisation Survey

- Extensive strong copper arsenic and gold mineralisation in rock chip and soil samples in 3km x 1km zone over north north east oriented Eastern Corridor between Kolokepi and Vuanimaho.

- Mineralised rock chip samples near Ngalimane Creek indicates high sulphidation system related to an intrusive source.

- Induced Polarisation survey currently underway.

- Early IP results indicate structural features coincident with the strongly anomalous copper gold arsenic soil samples in the Eastern corridor at Kolokepi.

- Electrically chargeable body coincident with strong electromagnetic conductor west of Vuralamgomma interpreted as a zone of sulphide mineralisation in clay filled shear zone.

- IP to continue to test an 11km2 zone in eastern Mbetilonga.

- Mapping and sampling to continue to define new drill targets into the Hambusimaloso and Vatuchichi areas to the west and north respectively.

Recommendation to Read Solomon Gold Release

Due to the regulatory limitations placed on D'Aguilar's ability to summarise Solomon Gold's exploration 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://www.solomongold.com

D'Aguilar Gold Limited holds 35.2 million shares in Solomon Gold, which equates to 12.5% of the issued capital.

Contact

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

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

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



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