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ASX Announcement 24th November 2008 |
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Further Encouraging Drilling Results from Rannes Gold Project Prospects
Highlights
- Further thick gold - silver intersections from Crunchie Prospect, Kauffmans Prospect and Homestead Prospect
- Crunchie Prospect mineralised zone is up to 60 metres true thickness - intersections include 36m @ 2.12 g/t gold equivalent* (Au Eq),
30m @ 2.44 g/t Au Eq, and 32m @ 2.75 g/t Au Eq (* refer Footnote and Tables 1 - 3)
- Kauffmans Prospect extended southwards from last year's exploration - intersections include 40m @ 2.02 g/t Au Eq and 14 m @ 4.08 g/t Au Eq
- Homestead Prospect - high grades intersected, including 32m @ 2.54 g/t Au Eq
- Drilling has continued at Homestead and Porcupine Pie Prospect - results awaited
- Extensions to all four prospects are considered likely on the basis of historic drilling data and new prospects are still being discovered across this emerging major gold district.
D�Aguilar Gold Limited and its wholly-owned gold-focussed subsidiary Central Minerals Pty Ltd are pleased to announce further significant gold-silver intersections at four prospects in the central area of the large Rannes Gold Project in Central Queensland (refer Figures 1 & 2).
CRUNCHIE PROSPECT Updated drill hole assay results from the Crunchie Prospect are shown in Table 1. The drill cross sections (refer Figure 3) and Plans (refer Figure 4) demonstrate that the Crunchie deposit has up to 60 metres true thickness and good continuity. The principal geological control appears to be a low angle thrust fault that forms a hanging wall (deposit top surface) which dips northwards. This new geological understanding of the deposit indicates a drill target zone with a length of more than 300 metres and a width of approximately 200 metres. The deposit remains open along strike in both directions and is open at depth.
To date, the length-weighted average combined grade of intercepts above a cut-off grade of 0.3 g/t Au Eq is approximately 1.50 g/t Au Eq. The size and grade of this mineralised zone at Crunchie are considered to be very encouraging for the discovery and delineation of a viable open pit deposit that can be bulk mined in the future using cheap, non selective mining methods like those used in the Carlin Trend gold mines of Nevada USA which has geological similarities with the Rannes Gold Project.
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This email was sent by Nicholas Mather, D'Aguilar Gold Ltd, Level 5, 60 Edward Street, Brisbane Australia 4000
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D'Aguilar Gold Ltd
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DEVELOPMENT STAGE |
CODE : DGR.AX |
ISIN : AU000000DGR8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
D'Aguilar is a gold exploration company based in Australia. D'Aguilar develops gold and molybdenum in Australia, and holds various exploration projects in Australia. Its main asset in development is ANDURAMBA in Australia and its main exploration properties are MOUNT COBALT, STEVENS BASIN and AUSNICO in Australia. D'Aguilar is listed in Australia and in Germany. Its market capitalisation is AU$ 8.5 millions as of today (US$ 5.5 millions, € 5.2 millions). Its stock quote reached its highest recent level on June 15, 2007 at AU$ 0.47, and its lowest recent point on April 24, 2024 at AU$ 0.02. D'Aguilar has 567 580 032 shares outstanding. |