DGR Global's Board of Directors are pleased to update the growth strategy for DGR's key gold investments in Solomon Gold plc.
DGR holds a 12.5% interest (35 million shares) in Solomon Gold which has recently reported increased gold resources in its Rannes central QLD project area.
Commenting on the resource upgrade, DGR Global'sCEO, Mr Nicholas Mather said, "the DGR position in Solomon Gold exemplified DGR's commitment to cornerstone the share registers of emerging resource companies with outstanding discovery outlooks."
"We believe Solomon Gold's 2moz target at Rannes to be realistic and anticipate scoping studies on the project next year."
DGR Global is pleased to have supported the recent appointment of Mr Malcolm Norris as CEO and his technical team to key management roles to oversee the company's ongoing exploration endeavours. Mr Nicholas Mather recently vacated his role as Solomon Gold's CEO, but remains heavily involved in the direction of the Company's growth as an Executive Director.
Recent presentations by Mr Norris at the Mines & Money conference in London showed a clear trajectory to discovery of a significant resource and gold province in the Rannes area.
In addition, the exploration skills and track record Mr Norris demonstrated in the discovery of the giant Tujuh Bukit porphyry in Indonesia for Intrepid Mines recently, is forecast by DGR Global to lead to further significant porphyry copper gold discoveries for Solomon Gold on the Pacific Rim, with a focus on Papua New Guinea, Indonesia, Philippines, Equador and Columbia.
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