D'Aguilar Gold Limited (ASX:DGR) Announce Dr Matthew White Appointed As CEO Of Archer Resources Limited
Dr White has over 16 years experience in the minerals exploration and mining business. He joins Archer Resources after 4 years as Chief Geologist with the innovative offshore minerals explorer Nautilus Minerals, where he played a major role in the discovery of more than 20 poly-metallic seafloor massive sulphide systems in the southwest Pacific.
Prior to this, he ran a successful consultancy business, generating projects and designing mineral exploration programs for companies such as BHP Billiton (NYSE:BHP) (ASX:BHP) , CVRD (NYSE:VALE), Gemco, Teck (TSE:TCK.B) (NYSE:TCK), Falconbridge, Noranda, North, Heron (ASX:HRR), Malachite Resources (ASX:MAR) and Discovery Metals (ASX:DML).
In the 1990s, his PhD research project in Tasmania focused on the volcanic rocks that host world-class poly-metallic ore deposits on the west coast. During this time he also explored Tasmania with RGC, and was part of the discovery team that identified deep high-grade gold mineralisation at Henty Gold Mine.
Dr White's proven track record in minerals exploration and his strong business skills, combined with an experienced board and support from D'Aguilar Gold, will allow the acceleration of Archer Resources towards a successful IPO during 2011.
Archer Resources' business model is based on the development of a porphyry copper-gold-silvermolybdenum mining company in southeast Queensland. Archer Resources holds several prospective porphyry projects including Great Blackall, Calgoa, Peenam and Gayndah. Many of Archer's projects already host significant drill intersections of copper-gold-silver-molybdenum mineralisation.
Two exciting prospects in Archer Resources' portfolio are Great Blackall and Rawbelle, which adjoin the tenements hosting Aussie Q Resources Ltd's (ASX:AQR) Whitewash and Gordons coppermolybdenum discoveries. The Great Blackall system is exposed at several locations yielding highly anomalous copper-gold-silver-molybdenum geochemical results within a porphyry intrusive complex over a ~16 square km area.
It is intended that Archer Resources complete an IPO and ASX listing later in 2011.
About DGR Global Limited
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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