Drummond Gold's quarterly is scant on information, but for those looking for a micro gold spec, this could be worth researching.
Exploration work for this quarter was focused on the Yandan and Mt Coolon prospects.
At Yandan (from 2009 drilling) returned results 13m @5.9g/t Au, 12.3 @ 2.3g/t and 4m @ 12.8g/t. No depth was mentioned in the quarterly. Further drilling is planned (doesn't say when) to test the northeast direction of the strike.
At Mt Coolon, rock chip samples returned results up to 2.5g/t Au.
Current SP 6c
Shares on Issue 206m
Cash at Hand $4m (including from share placement not quoted in quarterly)
Expenses this Quarter $963k
DGO is a mineral exploration company focusing on sediment hosted gold deposits in Australia. The company holds exploration land positions in the Pilbara WA, Yerrida Basin, The Eastern Goldfields WA, and the Adelaide Geosyncline in SA, focusing on brownfields exploration and revisiting, plus is involved in some greenfields identification and prospective investigations.
As well it owns 16% of DeGrey Mining (DEG) and 13.7% of NTM Gold (NTM)