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Drilling Results Extend Mineralisation at Anduramba Molybdenum Project
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Highlights:
Further definition of high grade Molybdenum (Mo) zones; high Silver (Ag)
Hole 33: 84 m @ 0.11% Mo & 5.1g/t Ag = 0.12% Mo Equivalent (Eq)
Hole 36: 88m @ 0.075% Mo & 23 g/t Ag = 0.10% Mo Eq
Hole 37: 114m @ 0.095% Mo & 11.8 g/t Ag = 0.11% Mo Eq
Hole 38: 32m @ 0.05% Mo & 74g/t Ag, 0.26% Cu = 0.13% Mo Eq (refer footnote below regarding metal equivalence aggregation methods)
DAguilar Gold Limiteds wholly owned subsidiary, Anduramba Molybdenum has received assays for the first 8 holes of a 20 hole reverse circulation drilling program at Anduramba, located 30 kilometres north of Toowoomba, SE Qld. The new results confirm
further high grade intersections and extend the mineralisation to the northeast beyond the current resource outline. The previous Inferred Resource estimate for Anduramba (refer ASX Announcement 2 July 2007) was 26.6 million tonnes (above a cut-off grade
of 0.03% Mo Equivalent) averaging 0.07% Mo Equivalent.
Location of the latest 20 drillholes, numbered 33 to 52 are shown in Figure 1 and details for the first 8 holes are summarised in Table 1. Long intersections of high grade molybdenum
(Mo) were evident in several holes, especially in Hole 33 averaging 0.11% Mo over 84 metres (36 120m) and Hole 37 averaging 0.1% Mo over 114 metres (4 118m). Elevated silver (Ag) levels were also encountered in Holes 37, 38 and 39, most notably, a
32m section of Hole 38 which averaged 73.6 g/tonne Ag.
These results demonstrate a late-stage silver-copper mineralising event that enhances the scope for significant silver-copper credits in parts of the Anduramba orebody.
Assays for the remaining 12 holes of the program are expected in 4 weeks and independent resource modelling and open pit design will then be undertaken.
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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 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 664 191 as of today (US$ 447 719, € 409 349). Its stock quote reached its highest recent level on June 15, 2007 at 0.47, and its lowest recent point on July 19, 2024 at 0.01. D'Aguilar has 47 442 200 shares outstanding. |