DGO - DGO Gold

[Joe Blow]

Drummond Gold Limited (DGO) is a gold exploration company focused on projects within Queensland.

http://www.drummondgold.com.au

 

[springhill]

Re: DGO - Drummond Gold

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
MC $12m
Shares on Issue 206m
High/Low 11c/4c
Cash at Hand $4m (including from share placement not quoted in quarterly)
Expenses this Quarter $963k

 

[noie]

Re: DGO - Drummond Gold

When would an updated statement come out?
I.E how long till we get some more information?


ill add.

Has anyone looked at the ratio of "Resources" and how many of them are "waiting for that next hit? and trading under .5

 

[System]

On October 2nd, 2015, Drummond Gold Limited changed its name to DGO Gold Limited.

 

[Dona Ferentes]

Market Cap around $135million

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)

 

[System]

On July 6th, 2022, DGO Gold Limited (DGO) was removed from the ASX's official list in accordance with Listing Rule 17.14, following compulsory acquisition of its remaining securities by Gold Road Resources Limited (GOR).