D’Aguilar Gold (ASX: DGR) holds 12.4% or 35.2 million shares in Solomon Gold (LON: SOLG), with D’Aguilar reporting Solomon has discovered further encouraging high grade gold and silver results from deep drilling on the Kauffmans-Homestead Prospect in Queensland.
The latest highlights included 20 metres at 8.44 grams per tonne (g/t) gold and 12.1g/t silver from 88 metres.
Within this intersection were some bonanza grade hits, such as 4 metres at 37.8g/t gold and 27.1g/t silver, and 2 metres at 60.4g/t gold and 35.9g/t silver.
Importantly for Solomon is that Kauffmans-Homestead remains open at depth below the existing drilled intersections and estimated Inferred Resource.
The current drilling campaign is targeted to expand the current 247,000 gold resource at the prospect by drill testing underneath and along strike from higher grade intersections encountered at depth.
The gold target at Kauffmans-Homestead is 550,000 ounces, which forms part of the two million ounce target for the total Central Rannes Area.
The D’Aguilar portfolio
In addition to the 35.2 million shares held in Solomon Gold, D’Aguilar also holds 52 million shares (33%) in Mt Isa Metals (ASX: MET), 58.85 million shares (53%) in AusNiCo (ASX: ANW) and 27 million shares (29%) in Navaho Gold (ASX: NVG).
D’Aguilar has a target of 20 listed assets within five years.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/18023/daguilar-gold-reports-solomon-gold-precious-metal-hits-at-kauffmans-homestead-18023.html
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