Highlights
- Maiden drilling completed at Dalton Project (EL 6922, 100% CGU) for 918m RC, with results pending.
- Planning upcoming resource definition and/or regional work at Cowarra.
- Business focus on three key exploration projects and growth through entering into developed projects with short-term cash flow potential.
- Company appoints new Exploration Manager.
Summary
The first quarter of 2012 has been a busy one for Commissioners Gold Limited (CGU) with the appointment of a full-time Exploration Manager and a drilling program completed at its 100% owned Dalton Project in NSW.
During the quarter, the Company has refocussed its attention on those projects most likely to deliver exploration success in the near-term: Cowarra, Dalton & Oberon.
CGU has also been actively looking at entering more developed gold projects to balance the existing exploration in an effort to deliver faster growth for the Company and Shareholders.
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