Ausgold Limited

Dawes Points Issue 61. In this issue: Gold's next upleg appears to now be underway and opportunities abound. The inflationary and prices pressures are building for gold and resources commodities, but which stocks should you look at? Read this latest Dawes Points to learn where you should be investing, and why.

Global Nickel Investments NL (ASX:GNI) are pleased to announce that very encouraging early signs have been derived from the Company's first phase of Reverse Circulation drilling at the Mt Cornell copper project.

Global Nickel Investments NL (ASX:GNI) is pleased to announce the commencement of drilling at its Mt. Cornell and Mt. Warren projects on the Jutson's Rocks Greenstone Belt in Western Australia.

Global Nickel Investments NL (ASX:GNI) are pleased to announce details regarding the Company's progress on the Laverton project areas in WA. The Company has multi-element soils and gold Bulk Leach Extractable Gold (BLEG) samples currently being processed at the ALS laboratory in Perth. These results are approximately ten days away from being received and then will be reviewed by the Company in order to plan the next stage of infill soils and air core/RAB drilling. An announcement will be made on completion of reviewing the data.

Asian Activities Report for May 16, 2011 includes: Ausgold Limited (ASX:AUC) has confirmed the prospectivity of Katanning Gold Discovery in Western Australia; Erongo Energy Limited (ASX:ERN) has confirmed the prospectivity of a main target area within the Maniema Gold and Tin Project in Congo; Nido Petroleum Limited (ASX:NDO) is to drill the Gindara-1 well in the Philippines; Sultan Corporation Limited (ASX:SSC) has commenced a Bankable Feasibility Study on the MB zinc/lead Project in Montenegro.

Australian Market Report of December 22, 2010 includes: Metminco Limited (ASX:MNC) commences 50,000 metre diamond drilling program at Los Calatos copper/molybdenum project in southern Peru; Ausgold Limited (ASX:AUC) announced further significant assay results from the Boddington South Gold Project; Synergy Metals Limited (ASX:SML) has signed a non-legally binding Memorandum of Understanding with Northwest Nonferrous International Investment Company Limited; Forte Energy NL (ASX:FTE) announced further Rare Earth Element assay results in Guinea.