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DGO Gold (ASX:DGO) - Executive Chairman, Eduard Eshuys
Executive Chairman, Eduard Eshuys
Source: DGO Gold
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  • DGO Gold (DGO) and Investigator Resources (IVR) intersect low grade copper and cobalt mineralisation through drilling at Pernatty in South Australia
  • The company extends the strike to more than 15 kilometres, which lies 55 kilometres southwest of OZ Mineral’s Carrapateena copper-gold mine
  • A reverse circulation drilling program of 49 widely spaced RC holes for 6340m is now complete
  • Intersections from the program include 4 metres at 0.86 per cent copper equivalent from 76 metres, and 4 metres at 0.68 per cent copper equivalent from 172 metres
  • Investigator Resources shares have been up 1.56 per cent, trading at 6.5 cents

DGO Gold (DOG) and Investigator Resources (IVR) have intersected low-grade copper and cobalt mineralisation through drilling at Pernatty in South Australia.

The company has also extended the strike to more than 15 kilometres, which lies 55 kilometres southwest of OZ Mineral’s Carrapateena copper-gold mine.

DGO Gold’s 5571 kilometres squared landholding on the Stuart Shelf is a substantial position adjacent to BHP, FMG and Oz Minerals.

A reverse circulation drilling program of 49 widely spaced RC holes has now been completed. The drilling tested Zambian Copper Belt style sediment-hosted copper targets under shallow cover along the shelf, with drilling on the wide-spaced lines defining a 15-kilometre long transition zone at Mosely.

Intersections from the program included 4 metres at 0.86 per cent copper equivalent from 76 metres and 4 metres at 0.68 per cent copper equivalent from 172 metres.

DGO Executive Chairman Eduard Eshuys said the drilling has confirmed that copper mineralisation occurs over significant strike lengths within the Transition Zone.

“The next phase of exploration will focus on identifying and testing areas where significant copper mineralisation is expected.” Mr Eshuys said.

DGO will now conduct a proof-of-concept passive seismic program at Pernatty early in the new year to test the effectiveness of the technique in mapping the architecture of the Transition Zone under cover.

The drilling at Moseley was conducted on tenements held by Investigator Resources in which DGO is earning an 80 per cent interest.

Investigator Resources shares were up 1.56 per cent, trading at 6.5 cents at 2 pm AEDT.

IVR by the numbers
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