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DGR Global Launches Exciting New Gold Company
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Friday, 27 April 2012
Highlights
- DGR Global�s subsidiary Pinnacle Gold Pty Ltd has secured a potential new gold and silver province in New South Wales.
- Significant ground position in an underexplored region exhibiting similar geological age, rocks and structural setting as recent discoveries at Rannes and North Bowen in Queensland.
- Fifty (50) kilometres of known historic gold workings with no previous drilling and little hard rock exploration follow up.
The Directors of DGR Global Limited (ASX: DGR) are pleased to report that DGR geoscientists have identified an underexplored area of New South Wales which exhibits great similarities to previous discoveries by former subsidiaries Central Minerals Pty Ltd (now part of Solomon Gold plc � LSE.AIM: SOLG) at Rannes in Queensland and the North Bowen project area held by associated company Navaho Gold Limited (ASX: NVG). As illustrated in Figure 1, all three areas flank the eastern side of the Bowen Sydney Basin, exhibit strong structure with aligned magnetic intrusives and feature calcareous and tuffaceous host rocks.
DGR Global subsidiary Pinnacle Gold Pty Ltd has now secured a substantial exploration ground position west of the Peel Fault and north of Manilla, NSW. Pinnacle lodged 8 Exploration Licence Applications covering more than 2,400km2. These exploration licence areas are shown in Figure 2. Seven (7) of these applications have now been granted. Landowner access agreements have been finalized
To view the rest of the announcement, please click here.
Yours,
DGR Global
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This email was sent by DGR Global, Level 13, 145 Eagle Street, Brisbane Australia 4000
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New Gold Inc.
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PRODUCER |
CODE : NGD |
ISIN : CA6445351068 |
CUSIP : 644535106 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
New Gold is a gold producing company based in Canada. New Gold produces gold, copper, lead, silver and zinc in Australia and in Mexico, develops copper, gold and silver in Brazil, in Canada and in Chile, and holds various exploration projects in Canada. Its main assets in production are PEAK MINES in Australia and CERRO SAN PEDRO, MESQUITE and CERRO SAN PEDRO in Mexico, its main assets in development are AMAPARI in Brazil, NEW AFTON in Canada and EL MORRO in Chile and its main exploration properties are AJAX - PYTHON, BUCK CLAIMS, 3TS, SIZZLER, CC PROPERTY, VO PROPERTY, TAK PROPERTY, MOUSE MOUNTAIN, G-SOUTH, CHUBBY BEAR, LIBERTY BELL, BOULEVARD, BOUVETTE, WIT YUKON, RAM, SLATE FALLS, PROSPECTOR MOUNTAIN, MAYO, DAVIDSON, BLACKWATER, BOULDER CREEK, CAPOOSE, NATIONAL, CORRAL CANYON and RUDE CREEK in Canada and RIO FIGUEROA in Chile. New Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 1.3 billions as of today (€ 1.2 billions). Its stock quote reached its highest recent level on January 07, 2011 at US$ 9.99, and its lowest recent point on March 20, 2020 at US$ 0.39. New Gold has 575 460 032 shares outstanding. |