D'Aguilar Gold Limited (ASX:DGR) Announce Dr Matthew White Appointed As CEO Of Archer Resources Limited
Brisbane, April 7, 2011 AEST (ABN Newswire) - D'Aguilar Gold Limited (ASX:DGR) are pleased to advise that Dr Matthew White has joined the group as the CEO of D'Aguilar subsidiary Archer Resources Ltd. Archer Resources is the new name for Anduramba Molybdenum Pty Ltd, which now owns 100% of Barlyne Mining Pty Ltd.
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.
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