D'Aguilar Gold Limited (ASX:DGR) Announce Navaho Gold (ASX:NVG) Market Update
Sydney, April 11, 2011 AEST (ABN Newswire) - D'Aguilar Gold Limited (ASX:DGR) are pleased to advise that securities in Navaho Gold Limited (ASX:NVG) are to commence trading at 10.30am today with the quotation code of NVG.
Exploration Update
The Directors are also pleased to provide the following update with regard to the Company's exploration activities on its portfolio of gold projects in Nevada, USA and Queensland, Australia.
Nevada Projects
A ground gravity survey has been scheduled to commence at the Whitehorse Flats project this week; followed by surveys at the Rose Mine, Taz and Utah Clipper projects all commencing during mid to late April 2011.
Soil geochemical surveys are scheduled to commence at the Rose Mine, Taz and Tobin projects during May 2011. Immediately following the Company's ASX listing on 11 April 2011, it will finalise the purchase of all available geophysical data to aid the siting of drill holes for the Carlin East project.
Navaho Gold will commence drilling at the Steven's Basin Project in May 2011 (subject to weather and access) and will target surface gold mineralisation defined by widespread gold in rockchips recorded in work previously conducted by Columbus Gold Corporation (CVE:CGT). Negotiations with the preferred drilling contractor are nearing finalisation.
Exploration staff are in the process of being appointed in Nevada to manage the Company's exploration programs and generate new project opportunities.
Australian Projects
Stream sediment sampling has commenced on the Texas project to follow-up highly anomalous results from the Company's previous ground-based survey, and expand coverage into new areas offering the opportunity for district-scale discovery.
Further information regarding Navaho Gold, its projects, management team and copies of its ASX announcements are available on the Company's website at http://www.navahogold.com
Contact
Mr Nicholas Mather
Managing Director
D'Aguilar Gold Limited
Ph: +61-7-3303-0680
Karl Schlobohm
Company Secretary
D'Aguilar Gold Ltd
Ph: +61-7-3303-0680
D'Aguilar Gold Limited
Email: info@daguilar.com.au
http://www.daguilar.com.au
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