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D'Aguilar Gold Limited Quarterly Report for the period ending 31st March 2007
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Highlights:
Molybdenum - Anduramba Project 150km west of Brisbane
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Anduramba resource expands to 18.7 mt @ 0.088% Mo eq
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High grade Mo and silver rich core defined
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Crushing and metallurgy tests well advanced and show early encouragement
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Revised open pit plan and discounted NPV of $155m
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Potential resource extension still evident
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Additional drilling of high grade core continuing with encouraging results
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Application for Mineral Development Licence commenced
Nickel Project
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Deep drilling at Mt Cobalt intersects mineralised ultramafic breccia from 200 to 400 metres assays awaited
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Previous reverse circulation drilling intersected oxide nickel mineralization to 115 metres depth @ 0.5% nickel
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Petrology confirms presence of nickel, copper, and bismuth sulphides with magnetite in the primary zone
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Additional large diameter vertical core hole to recover oxide metallurgical samples
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Regional airborne electromagnetics commenced and outlines early indications of a significant conductors at Widgee Mt and north of Mt Cobalt
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Regional nickel platinum copper stream sediment anomalies to be followed up in current quarter
Gold, Base Metals
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Rannes, 120 km north of Cracow - data compilation completed
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Drill programs in current quarter to extend resources at Cracklin Rosie, Crunchy Granola, Porcupine Pie and Kauffmans
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Regional work at Bathurst project outlines copper gold mineralisation in skarns. Several targets have been selected for follow up drilling in the current quarter
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Molybdenum mineralisation outlined in the Peak Copper Mine area north east of Mt Cobalt
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Airborne electromagnetic surveys at Peenam (porphyry Copper gold)and Ban Ban (zinc skarn) completed
Uranium
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Eastern Uranium incorporated as wholly owned subsidiary to act as a specialist explorer for Uranium outside of the Cloncurry Mt Isa area
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Four main project areas with strong Uranium channel radiometric anomalies
Iron Oxide Copper Gold (IOCG) - Uranium
- Mount Isa Metals Information Memorandum underway on Gregory IOCG, Clermont Uranium, Cloncurry - Mt Isa shear hosted copper gold uranium and Eromanga Basin Molybdenum Uranium targets
- $1 million cash resources, awaiting tenement grants
Corporate
- Incorporation of Eastern Uranium Pty Ltd
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This email was sent by Nicholas Mather, D'Aguilar Gold Ltd, Level 5, 60 Edward Street, Brisbane Australia 4000
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
D'Aguilar is a gold exploration company based in Australia. D'Aguilar develops gold and molybdenum in Australia, and holds various exploration projects in Australia. Its main asset in development is ANDURAMBA in Australia and its main exploration properties are MOUNT COBALT, STEVENS BASIN and AUSNICO in Australia. D'Aguilar is listed in Australia and in Germany. Its market capitalisation is 664 191 as of today (US$ 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. |