DOMINION MNG LTD DOM.ASX
ist ein süd-Austral. Goldproduzent, der in neuer
Untertage-Mine profitabel arbeitet.
Anscheinend wird weiter expandiert, siehe Bericht
Der Kurs ist schon rasant gestiegen.
Diese Domina kann´s aber noch besser.
Da pfeift die Peitsche.
Gogh
Dominion Mining and Southern Gold Ltd Agree to Develop New Gold Resource
2006-02-05
Sydney, Australia, Feb 6, 2006 - (ACN Newswire) -
The potential to identify and develop a new gold resource and mine
adjacent South Australia's existing Challenger gold mine has been
enshrined in a new agreement involving the current mine owner and the
listed Southern Gold Limited (ASX: SAU).
Southern Gold announced today it had entered in to an exclusive option
agreement with Dominion Mining Limited (ASX: DOM) to develop a gold-
only Joint Venture on DOM's Exploration Licences around the Challenger
Gold Mine in South Australia.
The JV includes the Golf Bore 54,000oz gold Resource (Indicated plus
Inferred), 50 kilometres northeast of the mine.
Southern Gold will issue Dominion with 250,000 fully paid SAU shares
(closing price Friday 3 February 2006 of A$0.20 per share) to earn the
exclusive right, for a three month period effective until 3 May, to conduct
due diligence on the advanced exploration gold prospects and gold
resources around the existing mine, and to formalise exploration and
development agreements.
The package of tenements includes eight Exploration Licences (EL) in
the Challenger region covering 3000km2 on the Gawler Craton (refer
table and map).
"We are attracted to the advanced gold exploration ground around
Challenger and are looking to build on intercepts of 14m @ 4.2 g/t at two
targets within 40 kilometres of the mine, Campfire Bore north of the mine
and 6m @ 9.2 g/t at Typhoon, south of the mine," Southern Gold's
Managing Director, Mr Stephen Biggins, said today.
"Southern Gold is also assessing the potential to develop the Golf Bore
gold resource as a satellite mining operation to Challenger," Mr Biggins said.
"The Golf Bore resource comprises a shallow Indicated Resource of
117,000 tonnes at 2.7g/t for 10,000oz, within a total Resource (Indicated
plus Inferred) of 800,000 tonnes at 2.1g/t for 54,000oz."
Dominion's Challenger gold mine produced 29,280 oz at A$258oz during
the December 2005 quarter and had reserves of 292,000 oz as of 31
December 2005. The agreement announced today excludes the area
immediately surrounding the Challenger mine on EL 3270 which is
subject to Dominion's own near-mine exploration activities.
The information in this report has been compiled by Stephen Biggins
who is a member of the Australasian Institute of Mining and Metallurgy
and is bound by and follows the Institute's codes and recommended
practices. He has a minimum of 5 years experience in the types of
activities being reported.
Source:
DOMINION MINING LIMITED
SOUTHERN GOLD LIMITED
