Highlights
- DGR Global’s subsidiary Pinnacle Gold Pty Ltd has secured a potential new gold and silver province in New South Wales.
- Significant ground position in an underexplored region exhibiting similar geological age, rocks and structural setting as recent discoveries at Rannes and North Bowen in Queensland.
- Fifty (50) kilometres of known historic gold workings with no previous drilling and little hard rock exploration follow up.
The Directors of DGR Global Limited (ASX:DGR) are pleased to report that DGR geoscientists have identified an underexplored area of New South Wales which exhibits great similarities to previous discoveries by former subsidiaries Central Minerals Pty Ltd (now part of Solomon Gold plc – LSE.AIM:SOLG) at Rannes in Queensland and the North Bowen project area held by associated company Navaho Gold Limited (ASX:NVG). All three areas flank the eastern side of the Bowen Sydney Basin, exhibit strong structure with aligned magnetic intrusives and feature calcareous and tuffaceous host rocks.
DGR Global subsidiary Pinnacle Gold Pty Ltd has now secured a substantial exploration ground position west of the Peel Fault and north of Manilla, NSW. Pinnacle lodged 8 Exploration Licence Applications covering more than 2,400km2. Seven (7) of these applications have now been granted. Landowner access agreements have been finalized on the first of the granted tenements and initial field work has recently commenced.
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