Solomon Gold Plc (LON:SOLG) Announces Maiden Resource Estimate
Brisbane, June 8, 2010 AEST (ABN Newswire) - The Directors of D'Aguilar Gold Limited (ASX:DGR) are pleased to draw the attention of shareholders to last night's announcement by (LON:SOLG) regarding its maiden inferred resource estimate from the Rannes Prospect held by the Queensland-based Central Minerals Pty Ltd.
The Estimate was completed by Hellman & Schofield Pty Ltd, an independent geological consultancy and has been classified as Inferred for reporting under the JORC Code for Reporting of Mineral Resources and Ore Reserves widely accepted as a standard for professional reporting purposes.
The key points of Solomon Gold's announcement included:
- Maiden Resource Estimate completed for the Crunchie Prospect only;
- Inferred Mineral Resource of 5.6Mt at 1.12g/t equ. Au for 201,648oz of contained equivalent gold (0.20g/t equ. Au cut-off grade);
- A series of multiple prospects in close proximity to the Crunchie Prospect, providing excellent potential for a significant expansion of the existing resource inventory;
- Core drilling reveals mineralisation with compelling similarity to the Carlin Style deposits in Nevada, USA; and
- 20,000m drilling campaign on targets close to Crunchie to commence immediately.
The announcement can be viewed on the London Stock Exchange (LON:LSE) website under the Solomon Gold code of SOLG, or in the "Latest News" section of the Solomon Gold website at:
http://www.solomongold.com
Following the recent sale of its subsidiary Central Minerals Pty Ltd to Solomon Gold, D'Aguilar Gold Limited holds 32.9 million shares in Solomon Gold plc, which equates to 17.05% of the issued capital.
Contact
K M Schlobohm
Company Secretary
Tel: +61-7-3303-0680
Fax: +61-7-3303-0681
Email: info@daguilar.com.au
www.daguilar.com.au
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