D'Aguilar Gold Limited (ASX:DGR) Update On AusNiCo (ASX:ANW) Exploration Activities And Metallurgical Testing
- Geophysical techniques utilising Induced Polarization "IP" have been successfully applied at Pembroke, Silver Valley and Mt Clara to identify zones of disseminated sulphide mineralisation.
- A 2,500 metre Reverse Circulation "RC" drilling campaign is underway to define the extent of mineralization and tonnage potential at Pembroke, Silver Valley, Mt Cobalt and Mt Clara.
- Samples of Pembroke drill core have been independently tested, returning very encouraging results with preliminary nickel recovery of 72.6% and a concentrate containing 11.8% nickel.
The announcement can be viewed in full on the ASX website under the AusNiCo code of ANW, or in the "Latest News" section of the AusNiCo website: www.ausnico.com.au D'Aguilar Gold Limited holds 58.85 million shares (53%) in AusNiCo Limited.
About DGR Global Limited
DGR Global (formerly D’Aguilar Gold Limited) (ASX:DGR) is focused on generating exploration and development companies in a wide array of minerals.
Projects are conceived directly through the skills and experience of D’Aguilar’s accomplished team of exploration geoscientists (with an enviable track record), not by the costly purchase of properties. Each project or exploration strategy is held in a separate subsidiary.
Focused and specialist management is then engaged in the subsidiary, with project specific finance raised in the subsidiary – faster and less dilutive to D’Aguilar. As the subsidiary project develops and starts to derisk the subsidiary is separately capitalised (seed raisings followed by an IPO).
Investors can choose to invest specifically in a particular project/commodity, or by investing in D’Aguilar, invest in the resource company generating business which retains a significant carried interest in each project.
D’Aguilar projects tend to be very large, targeting new provinces with the potential to make world-class discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub-economic deposits into viable projects, D’Aguilar subsidiary projects frequently emerge from detailed reassessment and reinterpretation of large databases – looking at things from a new angle and with a different focus using state of the art techniques. The D’Aguilar Directors and Managers have in the past applied new exploration models to extensive tenement areas which have led to identification of new mineral provinces and the discovery of nationally significant resources. Similar efforts are now being dedicated to D’Aguilar.
DGR Global Limited
Aus Tin Mining Ltd