|
|
Orbis Gold Investment Update
| |
The Directors of DGR Global Ltd (DGR, the Company) advise that Orbis Gold Ltd (Orbis, ASX:OBS), in which DGR holds 39m shares (or 17.8%), earlier this week announced the discovery of a world class gold system at Natougou, with a maiden resource estimate of 15 million tonnes of indicated and inferred resource at a grade of 3.7g/t gold for 1.8m ounces of contained gold. The resource is open in all lateral directions.
- Potential for further discovery at Natougou and Bantou. At Natougou the 1.1km2 surface footprint of the resource is only 3% of the area of the >10 ppb gold in soil anomaly leaving the remaining 97% still to be explored;
- DGR considers the likelihood of further discoveries in this prospective zone to be high;
- Natougou resource is approximately 2.5 times the average global gold resource replacement grade, differentiating Natougou from lower grade recent gold resource discoveries;
- Thanks to the support of its loyal shareholders, DGR has recently completed an oversubscribed rights issue and placement raising $1.95 million to fund DGR�s entire operational requirements on its current business plan for the next year;
| | | | |
| | | |
This email was sent by DGR Global, DGR Global Ltd, Level 27, 111 Eagle St, Brisbane, Australia, 4000
to .com
|
Global Iron Limited
|
|
|
CODE : GFE.AX |
ISIN : AU000000GFE1 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Global Iron is a gold and iron exploration company based in Australia. Global Iron holds various exploration projects in Australia. Its main exploration properties are MT IDA and MT DIMER in Australia. Global Iron is listed in Australia and in Germany. Its market capitalisation is AU$ 8.5 millions as of today (US$ 8.7 millions, € 7.0 millions). Its stock quote reached its highest recent level on November 02, 2007 at AU$ 0.85, and its lowest recent point on November 21, 2008 at AU$ 0.03. Global Iron has 18 125 002 shares outstanding. |