D'Aguilar Gold Limited (ASX:DGR) Reports Solomon Gold (LON:SOLG) Additional Excellent Results From Fauro Island Project
Brisbane, Sep 24, 2010 AEST (ABN Newswire) - D'Aguilar Gold Limited (ASX:DGR) are extremely pleased to draw the attention of shareholders to last evening's announcement by Solomon Gold Plc (LON:SOLG) regarding the receipt of further assay results from the initial batch of surface samples taken on its 100% owned Fauro Island Project.
Due to the regulatory limitations placed on D'Aguilar's ability to summarise these results, shareholders are encouraged to read the full Solomon Gold announcement. The announcement can be viewed in full under the "Latest News" section of the Solomon Gold website: http://www.solomongold.com
D'Aguilar Gold Limited holds 35.2 million shares in Solomon Gold, which equates to 15.6% of the issued capital. On the basis of last night's closing price, D'Aguilar's investment stake in Solomon Gold is now worth approximately A$30 million.
This current investment stake in Solomon Gold, when added to D'Aguilar's other investment stakes in Mt Isa Metals (ASX:MET) (worth approximately A$14 million at yesterday's closing price for MET), AusNiCo (ASX:ANW) (due to list on 21 October 2010, worth approximately A$11 million at the IPO price of A$0.20) values D'Aguilar's current, listed resource company investments at approximately A$55 million.
In addition, D'Aguilar's emerging listed resource company investments include 8.6 million shares in TSX.V-listed Coltstar Ventures (CVE:CTR) (involved in the scrip-based take-over of Ridge Exploration Pty Ltd), 10 million shares in Navaho Gold (Carlin-style gold in Queensland and Nevada, USA), and 100% ownership of Barlyne / Anduramba (refer to DGR's ASX announcement of 17 September 2010). All of these assets are expected to be in listed form within the next few months.
Contact
Mr Nicholas Mather
Managing Director
Karl Schlobohm
Company Secretary
D'Aguilar Gold Ltd
Ph: +61-7-3303-0680
http://www.daguilar.com.au
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