Price Target Changed • Jun 02
Price target decreased to AU$2.91 Down from AU$4.41, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of AU$2.79. The company is forecast to post a net loss per share of AU$0.20 next year compared to a net loss per share of AU$0.099 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Ross Hutton was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 20
DGO Gold Limited Provides Exploration Update DGO Gold Limited provided shareholders with an update on exploration conducted to date and plans for 2022 at Yerrida, Judge's Find, Pernatty, and Mallina. Yerrida-Bryah Basin: DGO's combined landholding of 4,574km2 at Yerrida and Judge's Find 75km south of Sandfire Resources' DeGrussa copper-gold mine and 60km northeast of Meekatharra, Western Australia is a substantial position second only to Sandfire Resources in the Yerrida-Bryah Basin. Air core, reverse circulation (RC) and diamond drilling within the under-explored Yerrida Basin tested for VHMS style copper-gold mineralisation in stratigraphy analogous to significant deposits such as DeGrussa. The drilling has identified multiplestratigraphic horizons at both Judge's Find and Mistletoe Well with multi-element geochemistry and alteration signatures consistent with VHMS style mineralisation. Key points: Extensively altered volcanic and sedimentary stratigraphy with high potential for hosting Volcanogenic Hosted Massive Sulphides (VHMS) has been intersected in drilling at Mistletoe Well and Judge's Find in the Yerrida-Bryah Basin, approximately 75km south of Sandfire Resources' DeGrussa copper-gold mine in Western Australia. A +600m long VHMS-style alteration zone near the basin margin was intersected in air core drilling of the complexly folded and faulted VHMS target horizon at Mistletoe Well. An intersection of 2m @ 0.5% Cu and 6g/t Ag in RC drilling at Judge's Find confirms the potential of previously identified VHMS target horizons. IOCG targets have been identified at Pernatty, South Australia by detailed gravity surveys at predicted depths to target of less than 400m. Drilling of Hemi-style targets at Mallina is anticipated to commence this quarter subject to finalising arrangements with native title parties. Drilling is ongoing at Yerrida and drilling at Pernatty is to commence in May. Duyuru • Apr 06
Gold Road Resources Limited (ASX:GOR) agreed to acquire DGO Gold Limited (ASX:DGO) for AUD 300 million. Gold Road Resources Limited (ASX:GOR) agreed to acquire DGO Gold Limited (ASX:DGO) for AUD 300 million on April 3, 2022. The deal is subject to approval from third party, regulatory body and consummation of due diligence. Duyuru • Feb 17
SensOre Ltd. Limited Announces Commencement of Diamond Drilling Targeting Mount Magnet North Gold Corridor SensOre Ltd. announced that Yilgarn Exploration Ventures Pty Ltd. (SensOre 60%; DGO Gold Limited 40%) (YEV) has commenced diamond drilling at Mount Magnet North approximately 20km north of the Mount Magnet Gold Centre in WA's Murchison region. Targets at Mount Magnet North are a series of north-west striking shear zones detailed by shallow air core and RC drilling completed by YEV in late 2020. The central one of these is a 30-40m wide zone with variable quartz veining. The structure is subvertical on surface and is close to an interpreted contact between a mafic and felsic sediment sequence with sheared felsic porphyries. Mineralisation is hosted within a largely concealed mafic volcanic and sediment greenstone sequence and associated intrusives located on second order structures between the Cuddingwarra and Wattle Creek shear zones, both major mineralisation associated structures in the Murchison province. The sequence is the northern extension of the Archean greenstones hosting the Mount Magnet deposits Hill 50 & Hill 60, and current mining activity by Ramelius Resources to the south and the Cue mining centre to the north. A follow-up RC program completed in March 2021 intercepted deeper primary gold mineralisation, returning results of 14m at 1.55g/t Au from 122m including 4m at 3.41g/t Au from 122m and 6m at 1.33g/t Au from 130m in 21MCRC020. The diamond hole (200 metres of drilling) is designed to test depth extensions and prove key structural, lithology, alteration and stratigraphic information on mineralisation. Drilling is expected to take 5-6 days to complete and initial assay results are anticipated in April. SensOre has developed proprietary AI-enhanced technology designed to advance the way companies integrate, interrogate and analyse geoscience data and increase the potential for mineral discovery. The Mount Magnet target is based on results from the Company's DPT® technology which, in 2020, predicted a large mineral system at shallow depth. From information collected to date, the target appears to share similarities with Ramelius Resources' Eridanus intrusion-related deposit, representing a relatively new type of mineralisation in a mining camp that is more than 100 years old. Colluvial cover over the target area is generally shallow with an average depth of 3-4m. Geology from the air core and RC drilling completed in November 2020 and the RC drilling completed in March 2021, together with supporting multielement geochemistry, have identified that gold mineralisation at the northern end of the current trend is coincident with an intrusive complex encountered over a strike length of more than 500m. Maximum values encountered in bottom of hole sampling include 472ppm bismuth, 79.2ppm molybdenum and 17.4ppm tellurium. Duyuru • Dec 19
DGO Gold Limited Announces Pernatty Drilling Results DGO Gold Limited announced the completion of follow-up reverse circulation (RC) drilling at Pernatty, South Australia, 55km southwest of OZ Minerals' Carrapateena copper-gold mine and 100km northwest of Port Augusta. DGO's 5,571km2 landholding on the Stuart Shelf is a substantial position adjacent to BHP, FMG, and OZ Minerals. The drilling tested Zambian Copper Belt (ZCB) style sediment hosted copper targets under shallow cover on the Stuart Shelf. Drilling on wide spaced (+1km) lines has defined a 15km long Transition Zone at Moseley. The best intersections from the program include: 4m @ 0.86% CuEq1 from 76m (0.57% Cu and 242ppm Co). 4m @ 0.68% CuEq1 from 172m (0.28% Cu and 326ppm Co) The drilling at Moseley was conducted on tenements held by Investigator Resources Limited in which DGO is earning an 80% interest. DGO recently drilled 49 RC holes for 6,340m at Pernatty. Eleven drill lines with an average spacing of 1km and 400m spaced drill holes along each line were completed in October 2021. Drill holes averaged 130 metres in depth and ranged from 12 to 216m. Drill holes were targeting the Transition Zone where shallow basin lithologies transition to deeper shale units of the Tapley Hill Formation. All holes were terminated in the underlying Pandurra Sandstone Formation. Copper grades in excess of 0.1% CuEq were intersected within the target Transition Zone on every drill line over a strike of 15km demonstrating that the mineral system is active on a world class scale. DGO's expert Zambian copper consultant Dr. Stuart Bull has advised that the ideal sites for economic Zambian-style copper mineralisation are complex parts of the basin margin where mineralising fluids can be focussed to increase the grade and thickness of mineralisation. Passive seismic may be capable of identifying areas of basin margin with sufficient complexity to be high probability drilling targets. Passive seismic is a low impact exploration method which uses ambient seismic energy from natural and manmade sources to map shallow stratigraphy. DGO will conduct a proof-of-concept passive seismic program at Pernatty early in the new year to test the effectiveness of the technique in mapping the architecture of the Transition Zone under cover. Passive seismic and drilling is planned on DGO's 100% owned Pernatty tenements once the negotiated Native Title Mining Agreement is approved at a meeting of the Kokatha common law holders and executed by the Kokatha Board. The Stuart Shelf is highly prospective for Olympic Dam style IOCG mineralisation and hosts the world class Olympic Dam, Carrapateena, and Oak Dam IOCG deposits. High-quality Gawler Craton Airborne Survey data recently released by the SA Department of Energy and Mining has generated a number of IOCG targets within DGO's land position at Pernatty. Targets with similar geophysical signatures to Carrapateena style hematite dominant systems at predicted depths that can be tested by RC drilling have been prioritised. A detailed gravity survey over three priority targets is expected to commence in the March quarter immediately followed by drilling. Duyuru • Jul 23
DGO Gold Limited Reports on the Progress of Diamond Drilling At Yerrida, 75Km South of Sandfire Resources' Degrussa Copper-Gold Mine and 60Km Northeast of Meekatharra, Western Australia DGO Gold Limited reported on the progress of diamond drilling at Yerrida, 75km south of Sandfire Resources' DeGrussa copper-gold mine and 60km northeast of Meekatharra, Western Australia. The maiden diamond hole (21YEDD001) was completed at a depth of 634.3m and intersected a broad interval of stratabound bands of pyrrhotite-pyrite with disseminated chalcopyrite from 295 to 334m including a 1.8m interval of semi-massive pyrrhotite-pyrite from 302.2m. DGO's exploration and detailed analysis at Yerrida has identified coincident electromagnetic, magnetic, and soil geochemistry anomalies. These coincident anomalies are within a geological sequence of the right lithology, age, and structure for hosting DeGrussa style VHMS mineralisation. RC drilling at this location identified alteration and anomalous base metals consistent with proximity to VHMS mineralisation. The diamond hole completed by DGO this week identified disseminated copper sulphide within semi-massive pyrrhotite-pyrite in the target zone. These observations suggest that the hole may have intersected the edge of a VHMS system. Follow up drilling of a diamond hole 400m to the west has now commenced. The sulphide mineralisation has been sampled and delivered to the lab and prioritised for analysis. Downhole EM and petrophysical analysis of the core will also be conducted in the near future. The diamond drilling program is currently testing target YE09 which is approximately 650m long and was originally defined in a 2019 airborne electromagnetic (AEM) survey. Following the AEM survey, soil geochemistry at Yerrida identified anomalies of the key VHMS mineralisation pathfinder elements thallium, barium and tin suggesting the presence of massive sulphides at depth. In particular, tin is a key discriminator for VHMS mineralisation. YE09 was one of 10 targets with coincident VHMS geochemical signatures and AEM anomalies. DGO's maiden RC drilling at Yerrida identified a significant east-west oriented, variably hematitic, alteration zone approximately two kilometres long and open along strike. Within this, 20YERC0004 intersected 132m at 1.3g/t silver from 56m in a broad zone of anomalous Au, As, Cu, Pb and Zn, and a significant high-grade intersection of 2m @ 9.2g/t gold from 71m in quartz veining. These results suggested the potential for VHMS mineralisation under cover at the contact of the Johnson Cairn Formation shales with the Killara Formation mafics. The Killara Formation is the stratigraphic equivalent to the Narracoota Volcanics which host Sandfire Resource's DeGrussa Cu-Au deposit. The current diamond drilling program was designed to test for VHMS mineralisation at the sediment-mafic contact within the axis of a broad synclinal trough. 21YEDD0001 was drilled 400m north of RC hole 20YERC0004 at the eastern end of target YE09. Recent reprocessing of ground EM results over YE09 has identified two east-northeast trending conductors. 21YEDD0001 intersected the edge of one of these conductors. The pyrrhotite-pyrite observed in the diamond hole is hosted in coarser grained interbeds within a moderately to steeply dipping sequence of shales, mudstones and siltstones. The observed sulphide textures suggest hydrothermal pyrrhotite and chalcopyrite has overprinted pre-existing pyrite. The prevalence of pyrrhotite indicates that the mineralising fluids were hot (>300-350oC) and reducing suggesting favourable conditions for forming significant copper and gold mineralisation. The sulphide intersections support a VHMS model developed for Yerrida. The predominance of magnetic pyrrhotite in 21YEDD0001 suggests the magnetic anomaly coincident with YE09 is reflecting concentrations of pyrrhotite. This indicates that the strongly coincident VHMS geochemical signatures, AEM anomalies, and magnetic anomalies at targets YE09 and YE11 are defining the centre of the massive sulphide bodies. Future drilling will target the deeper magnetic highs extending for over seven kilometres between YE09 and YE11 within the Johnson Cairn shales on the margin of the Killara Formation volcanics. Duyuru • Jul 02
DGO Gold Limited Announces the Successful Completion of Diamond Drilling at Bryah and the Subsequent Commencement of Drilling at Yerrida DGO Gold Limited announced the successful completion of diamond drilling at Bryah and the subsequent commencement of drilling at Yerrida. At Bryah, 95km from Sandfire Resources' DeGrussa copper-gold mine and 70km north of Meekatharra Western Australia, seven diamond holes (3412m)
were completed to test for both sediment-hosted and volcanogenic-hosted massive sulphide (VHMS) style copper-gold mineralization on the basin margin. Several horizons of intense quartz/carbonate veining were intersected, containing pyrite, minor chalcopyrite, and intense magnetite zoning including traces of galena and sphalerite, in a highly altered sequence of sediments, acid and mafic volcanics and dolomites. Detailed analysis of the drill core and initial multi-element assays from two of the seven holes has identified 3 distinct horizons (M1, M2, and M3) with potential for hosting
VHMS mineralization, immediately northwest of Judges' Find gold nugget field. A fourth horizon (M4) where drill hole 21BYDD003 intersected 15m @ 11.9g/t Ag & 0.15% Pb from 378m, is interpreted as having potential for carbonate replacement style base metal mineralisation. Following completion of diamond drilling at Bryah, the drill rig mobilised to Yerrida, 75km south of Sandfire Resources' DeGrussa copper-gold mine and 60km northeast of Meekatharra Western Australia. Three diamond drill holes will test gold and copper geochemical anomalies at the sediment-mafic contact for VHMS style mineralisation. Previous DGO RC drilling of the geochemical anomalies intersected wide zones of alteration with anomalous zinc, copper, antimony and silver within an interfingered shale and mafic volcanic sequence of the "right" geological age. The geochemistry identified a significant east-west oriented, variably hematitic, alteration zone approximately two kilometres long and open along strike. Within this, the drilling intersected 132m at 1.3g/t silver from 56m in a broad zone of anomalous Au, As, Cu, Pb and Zn, and a significant high-grade intersection of 2m @ 9.2g/t gold from 71m in quartz veining. The program of three diamond holes for 1300m will test the VHMS target and a series of geochemical and associated conductive targets extending over 6.5 kilometres of strike adjacent to the contact of the Killara mafics with the Johnson Cairn Formation shales. The drilling has commenced with results expected in August 2021. Duyuru • Jun 23
DGO Gold Limited and Sensore Ltd Announce Positive Results At Mt Magnet AI Target DGO Gold Limited announced that SensOre Ltd. regarding early exploration results at Yilgarn Exploration Ventures' Mt Magnet North JV (YEV earning an 85% interest). DGO holds a 40% interest in Yilgarn Exploration Ventures with SensOre holding a 60% interest. Follow up drilling of a 2.5km long mineralised system defined by shallow gold and multi-element geochemistry results intersected 14m @ 1.55g/t from 122m in the location predicted by SensOre's proprietary machine learning/AI technology. SensOre Ltd. announced to report encouraging follow-up drilling results on its subsidiary Yilgarn Exploration Ventures Pty Ltd. (YEV) (SensOre 60%; DGO Gold 40%) project at Mount Magnet North. YEV is earning an 85% interest in Mount Magnet North through expenditure of $2.5 million over three years. Follow-up deeper RC drilling in May 2021, testing shallow weathered mineralisation previously encountered in air core and RC drilling, has returned higher grade, steeply dipping primary mineralisation 100 metres below previous mineralized intercepts. Assay results have been received from five of the eight RC holes drilled. Gold mineralisation from the assays returned the best intercept of 14m@1.55g/t Au from 122m in 21MNRC020 including 4m@3.41g/t Au from 122m and 6m@1.33g/t Au from 130m. Mineralised zones are associated with quartz veining within a broader biotite, chlorite and sericite alteration zone with sulphides, pyrrhotite and pyrite. Mineralisation is interpreted to be concordant and hosted within a steeply east dipping sequence of mafic volcanic, metasedimentary and intermediate intrusive rocks. Multielement geochemical results returned to date have elevated bismuth, tellurium and molybdenum, confirming the intrusive-related style of the mineralising system. Multielement samples for the higher-grade mineralisation are awaited. Results from drilling completed in late 2020 and reported in February 2021 outlined a mineralised system over 2.5km with gold mineralisation +0.5g/t over a strike of 1.2km. This mineral system remains untested by drilling to the north. Duyuru • Jun 02
DGO Gold Limited Announces Mallina Drilling Update DGO Gold Limited has completed the first 1,000m of the recently commenced 140 hole, 8,000m drilling program on its Mallina East tenements. The company advises that it has temporarily halted these aircore drilling operations to allow further consultation with a regional native title group. The Mallina East tenements, E47/3328, E47/3329 and E47/4315, are prospective for Hemi-style gold mineralization and are situated in an area where potential claims have not been determined. A heritage survey was conducted over this area by one of the regional native title groups and cleared for the drilling undertaken to date. Subsequently, a second regional native title group has indicated it wishes to be consulted in relation to exploration activities on these tenements. In light of this request, the company has temporarily suspended drilling activities to progress these discussions. The company expects drilling to recommence later this month. Duyuru • May 28
DGO Gold Limited Commences Air Core Drilling At Mallina DGO Gold Limited advised that it has commenced air core drilling at Mallina, 50km west-southwest of De Grey Mining's (DEG) Hemi discovery and 7km east of the 524Koz resource at Toweranna. Detailed analysis by DGO suggests that mineralisation at Hemi is associated with the Millindinna intrusives which are present in DGO's Mallina tenements. Broad spaced (400m x 160m) UltraFine soil sampling completed over the Millindinna intrusives has identified a series of gold-in-soil anomalies including a high priority gold and semi- coincident arsenic anomaly. Detailed reprocessing and interpretation of geophysical data has identified a series of targets coincident with the Millindinna intrusives and the soil anomalies. In late 2020, DGO commissioned RSC Consulting Ltd. (RSC) to complete a prospectivity study in collaboration with GoldSpot Discoveries Corporation (GoldSpot) applying machine-learning tools and techniques to identify targets. The RSC and GoldSpot study has identified intrusion related gold targets (moderate to high probability) in proximity to the targets generated from geology, geophysics, and geochemistry. The program of approximately 8,000 metres (140 holes) of air core drilling will test the identified targets and the potential for Hemi-style gold mineralisation within the tenements. The drilling has commenced with results expected in late July 2021. Duyuru • Apr 26
DGO Gold Limited Announces Pernatty Drilling Successfully Intersects Zambian-Style Copper Mineralisation DGO Gold Limited announced very promising results from the maiden, wide spaced, reverse circulation (RC) drilling program at Pernatty, 55km southwest of Oz Minerals Carrapateena copper-gold mine and 100km northwest of Port Augusta. The program tested Zambian Copper Belt (ZCB) style sediment hosted copper targets under cover on the Stuart Shelf. Drilling at each of the three target areas 30km to 40km apart intersected copper-cobalt-silver mineralisation including: 1m @ 2% CuEq1 (0.82% Cu, 0.1% Co, & 19.7g/t Ag) from 75m within 4m @ 0.8% CuEq (0.41% Cu, 0.04% Co, & 10.6g/t Ag) from 73m; 1m @ 1% CuEq1 (0.95% Cu, 0.01% Co, & 4.5g/t Ag) from 76m within 6m @ 0.5% CuEq (0.36% Cu, 0.01% Co, & 3.3g/t Ag) from 73m. DGO recently drilled 44 RC holes for 3,733m at Pernatty. Copper grades greater than 0.1% were intersected at all three areas drilled in the target transition zone. The best intersections were at Moseley where three holes over 1.5km across the targeted Adelaidean basin margin all had 1m assays greater than 0.5% Cu with associated elevated Co and Ag at depths of 50 to 80m. Approximately 10 km of strike of the target transition zone centred around the drilledMoseley section had no previous exploration and this drilling shows the target depth is less than 100m. This area is a priority for follow up drilling.
At Maslins, three holes had 1m assays greater than 0.7% Cu at depths of between 70 and 150m, with a best intersection of 0.7% Cu and 15g/t Ag at a depth of 146m. Importantly, in one of the mineralised intersections, the elevated copper values extended more than 5m above the base of the Tapley Hill Formation (Including 1m @ 0.65% Cu and 10.1g/t Ag from 75m) indicating the potential for the development of relatively thick ore zones in this area. The drilling also indicates that better mineralisation is more likely at a shallower basin position (i.e. west) of the Maslins holes. A native title agreement is being progressed to access this area. At Winnie Pinnie, four holes had 1m assays of greater than 0.2% Cu at depths between 30m and 50m, one of which intersected 1m @ 0.25% Cu, 0.04% Co and 7g/t Ag from 26m at the western edge of a 2.5 x 5km area where the prospective base of the Tapley Hill Formation is approximately 100m deep and is untested by previous drilling. This target is a priority area for follow up drilling. DGO has notified Investigator Resources Limited (Investigator) that the Stage 1 Commitment has been met and elects to earn 51% under the binding Heads of Agreement between DGO and Investigator. DGO can earn an 80% interest in the tenements held by Investigator at Pernatty over 5 years. Follow up drilling to test the targets generated by this drilling is being planned and will commence as soon as government and heritage approvals are granted. At Bryah, 95km from Sandfire Resources' DeGrussa copper-gold mine and 70km north of Meekatharra, Western Australia, DGO commenced diamond drilling in late February 2021. The drilling has intersected zones of intense quartz/carbonate veining with pyrite, minor chalcopyrite, and intense magnetite zoning including traces of galena and sphalerite, in a highly altered sequence of sediments, acid and mafic volcanics and dolerites. Drill core from the first 2 holes is currently being processed for assay while drilling continues. The Bryah diamond drilling has highlighted potential for VHMS mineralisation within the Juderina formation close to the Archean basement contact. The Juderina-granite contact along the margin of the Yerrida Basin has had little past exploration. Nine new exploration licence applications covering 1,540km2 were lodged in March to cover open ground along this basin margin contact. Total area of DGO's tenement holding in the Murchison area (Bryah and Yerrida) is now 4,332km2. At Yerrida, 75km south of Sandfire Resources' DeGrussa copper-gold mine, a program of 1,913m of air core drilling in 37 holes was completed in December 2020 to test geochemical targets defined in the previous round of drilling. The broad (240m) spaced drilling intersected low levels of base metal anomalism in the vicinity of the Killara contacts due to limited drill penetration into the Killara mafic units which proved to be more extensive than mapped. Drilling in the vicinity of the previous DGO RC hole 20YERC0013 (2m @ 9.2g/t gold from 71m) intersected strong alteration and base metal geochemistry. Kaolinite alteration in drill holes in this area may represent the hanging wall to high sulphidation VHMS or gold mineralisation adjacent to a north-west trending fault which may have acted as a feeder to mineralisation. Diamond drilling is planned to test both the sediment mafic contact to the south of 20YERC0004 (132m @ 1.3g/t Ag from 56m) and the gold bearing VHMS mineralisation on the upper contact of the mafics adjacent to a fault. At Black Flag, 30km north of Kalgoorlie, fifteen RC drill holes were completed for 2,098 metres of drilling in December 2020 and January 2021. Drilling tested strike extensions of the anomalous drilling intersected in previous DGO drilling programmes around BFRC0005 and intersections of interpreted cross cutting structures along the margins of a north-north-west trending anticlinal structure delineated by porphyry intrusives within the volcanoclastic sequence. The wide spaced drilling continued to encounter strong silica- sulphide±sericite±chlorite alteration within the intermediate volcanics and zones of gold anomalism (>0.1g/t Au). Elevated gold mineralisation was intersected in 11 of the 15 drill holes with a best result of 1m @ 6.5g/t Au from 130m. Further follow-up drilling is being planned. Duyuru • Feb 23
DGO Gold Limited Announces Drilling Commencement At Pernatty and Bryah DGO Gold Limited advised that it is about to start two significant drilling programs in WA and SA, both of which will follow-up promising targets developed from exploration to date. At Pernatty, 55km southwest of Oz Minerals' Carrapateena copper-gold mine and 100km northwest of Pt Augusta, a program of approximately 5,000 metres of reverse circulation (RC) drilling in 46 holes will be conducted to test Zambian Copper Belt (ZCB) style sediment hosted copper targets. GO's consultant, Dr. Stuart Bull, an expert in Zambian Copper Belt deposits, has identified a +100km long transition zone between shallow water carbonates (Woocalla Dolomite) and reduced basin shales (Tapley Hill shale) overlying a basement high of oxidised sandstone (Pandurra Formation) as shown in Further, based on historic drill hole intersections, the depth to the prospective transition zone may be less than 100m. The basin setting at Pernatty has many similarities with the edges of the Katangan Basin in the Central African Copperbelt which hosts deposits such as Chambishi (40Mt @ 2.6% Cu). Significantly, copper has been identified in historic drillholes immediately east of DGO's tenements at the Tapley Hill-Pandurra contact close to the interpreted transition zone. Selection Trust Ltd. intersected 1.9m @ 1.7% Cu from 185m when exploring for sedimentary copper immediately east of Pernatty in 1976 (hole PRL10/SAR5 - Open file report ENV02703). This result was not adequately followed up before the tenement was relinquished in 1978. Past exploration results highlight the potential for significant mineralisation within the interpreted transition zone. This program is DGO's first at Pernatty and is the culmination of 3 years of work developing and defining the targets. The program is being conducted under the binding Heads of Agreement between DGO and Investigator Resources Limited announced on 21 September 2020. RC drilling of this shallow, compelling, and highly prospective copper target will commence this week. In addition to the drilling at Pernatty, diamond drilling is scheduled to commence this week at Bryah, 95km from Sandfire Resources' DeGrussa copper-gold mine and 70km north of Meekatharra, Western Australia. The most recent program at Bryah DGO's second phase of drilling, targeted sediment hosted gold and base metals and DeGrussa style copper/gold mineralisation. The drilling identified 2 target zones within the Juderina Formation in the southern part of the tenements where a composite of pathfinder elements and base metal concentrations (a combination of copper, lead, zinc, barium and thallium concentrations) increase with depth. These results are considered to indicate proximity to massive sulphide below or along strike of the recent holes. Duyuru • Feb 16
DGO Gold Limited Reports First Pass Drilling Results on Its Subsidiary Yilgarn Exploration Ventures Pty Ltd DGO Gold Limited reports first pass drilling results on its subsidiary Yilgarn Exploration Ventures Pty Ltd. (YEV) (SensOre 60%; DGO Gold 40%) project at Mount Magnet North. YEV is earning an 85% interest in Mount Magnet North through expenditure of $2.5 million over three years. Results from drilling completed in late 2020 have identified a mineralised system over 2.5km with gold mineralisation +0.5g/t over a strike of 1.2km. The system remains untested by drilling to the north. Mineralisation encountered confirms the existence of an emerging style of gold mineralisation in the Mount Magnet mining camp, similar to the Eridanus deposit being mined by Ramelius Resources Limited (ASX: RMS) and the Barimaia Project south of Mount Magnet being developed by Genesis Minerals Limited. Both projects are proposed to be near- surface, low capex, large tonnage projects. The drilling programs were designed to test the northernmost SensOre predicted DPT target at Mount Magnet (the southern deeper target has yet to be tested to the predicted depth). YEV completed confirmatory surface geochemistry prior to drilling which outlined surface gold and multielement anomalism associated with an intrusion-related gold mineral system. Mineralisation is hosted within a largely concealed mafic volcanic and sediment greenstone sequence located between the Cuddingwarra and Wattle Creek shear zones, both major mineralisation associated structures in the Murchison province. The sequence is the northern extension of the Archean greenstones hosting the Mount Magnet deposits, Hill 50, Hill 60, and current mining activity by Ramelius to the south and the Cue mining centre to the north. Colluvial cover over the target area is generally shallow with an average depth of 3-4m. Geology from the air core and RC drilling together with supporting multielement geochemistry including elevated bismuth, molybdenum and tellurium has identified that gold mineralisation at the northern end of the current trend is coincident with an intrusive complex encountered over a strike length of over 500 metres. The nature and orientation of intrusions is unknown at present. Maximum values encountered in bottom of hole sampling include 472ppm bismuth, 79.2ppm molybdenum and 17.4ppm tellurium. The strong association of gold and the intrusion-related elements indicate mineralisation is linked to the intrusions. Results so far indicate that lithologies within the intrusive complex include diorite, feldspar porphyry and quartz gabbro. The results of initial composites will be complemented in the coming weeks with analysis of single metre riffle split samples for RC and single metre air core samples together with more extensive multielement analysis to enable deployment of SensOre AGLADS technology. Duyuru • Feb 12
DGO Gold Limited Appoints Andrew Cook as Chief Financial Officer in Place of Cindie Jupp DGO Gold Limited advised that Andrew Cook has been appointed as Chief Financial Officer. Andrew is a Chartered Accountant with over 30 years of professional experience. He is an experienced advisor in accounting, taxation, finance and corporate strategy. Andrew's appointment follows Cindie Jupp's decision to resign. Is New 90 Day High Low • Feb 02
New 90-day low: AU$2.74 The company is down 16% from its price of AU$3.25 on 04 November 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Duyuru • Jan 29
DGO Gold Limited Provides Drilling Highlights Potential for VHMS Mineralisation At Bryah DGO Gold Limited announced promising results from a recently completed program of 42 air core drill holes for 2,591m at Bryah, 70km north of Meekatharra, Western Australia. The most recent program, DGO's second phase of drilling, targeted sediment hosted gold and base metals and DeGrussa style copper/gold mineralisation. The targets resulted from the analysis of multi-element geochemistry from the first phase reverse circulation drilling, soil sampling programs, and geophysical datasets, by expert geological consultants. Research on known base metal deposits undertaken by CSIRO shows that base metal mineralisation often sits within a halo of anomalous base metals and pathfinder elements such as thallium and barium, with concentrations increasing with proximity to the mineralisation. Thallium is highly volatile and may form an extensive halo around a massive sulphide deposit. Assays greater than 1 ppm are considered anomalous. Barite is a hydrothermal exhalative and its presence is often indicative of nearby base metal mineralisation. Analysis of the recent drilling results show a number of the holes drilled exhibit a composite of base metal concentrations (a combination of copper, lead, zinc, barium and thallium concentrations) increasing with depth. These results are considered to indicate proximity to base metal mineralisation below or along strike of the recent holes. The drilling at Bryah has identified 2 target zones within the Juderina Formation in the southern part of the tenements where base metals, and the key pathfinder elements thallium and barium increase with hole depth. The two main target zones are: Target A: A 7.5km long barite anomaly up to 26m @ 5.5% Ba in 20BYAC0036 supported by strong thallium (up to 26m @ 8.0ppm Tl) and silver (up to 21m @ 2.1ppm Ag) results in hole 20BYAC0042. Target B: A 2.5km barite zone within the previously interpreted conductive fault and magnetic destruction zone associated with a major airborne electromagnetic (AEM) anomaly in the south east of Bryah. The Zone is defined by increasing concentrations of copper, lead, zinc, silver and thallium towards the bottom of several drill holes. The geochemistry of the Bryah drilling demonstrates strong alteration within the Juderina Formation sediments consistent with proximity to massive sulphide mineralisation. A third phase of drilling using a diamond drill rig will test the identified targets. This program will be commenced when regulatory and heritage clearance are completed. DGO's Bryah land holding covers 128km2 on the edge of the Bryah and Yerrida Basins, 70km north of Meekatharra. Bryah is prospective for sediment-hosted gold in an area of known gold nugget occurrences at and adjacent to Judge's Find where surface mining for gold has occurred for some time. The source of the gold nuggets is unknown. Gold mineralisation is likely controlled by thrust-fault bounded, anticlinal structures at the contact of the Juderina Sandstone and Johnson Cairn Formation black shales. Two exploration licences form this position: E51/1729 (DGO 100%) and E51/1590 (TasEx JV - 80% DGO; 20% TasEx). Duyuru • Dec 17
DGO Gold Limited announced that it expects to receive AUD 10.5 million in funding DGO Gold Limited (ASX:DGO) announced private placement of 3,500,000 shares at a price of AUD 3 per share for gross proceeds of AUD 10,500,000 with institutional and sophisticated investors on December 16, 2020. The transaction is expected to close on December 22, 2020. Duyuru • Nov 28
DGO Gold Limited Advises Drilling Set to Start At Copper-Gold and Gold Targets in WA DGO Gold Limited advised that it is about to start two significant drilling programs in WA, both of which will follow-up highly promising results from initial exploration. At Yerrida, 75km south of Sandfire Resources' DeGrussa copper-gold mine, a program of approximately 3,000 metres of air core drilling in 23 holes will be conducted to test geochemical targets defined from DGO's RC drilling completed in August 2020. The drilling area has wide zones of alteration and anomalous zinc, copper, antimony and silver defined from the previous drilling. These are consistent with the alteration expected in a VHMS system. The program will test VHMS targets identified in the August drilling. In particular, the 132m @ 1.3g/t Ag within a broad zone of alteration and anomalous base metals intersected proximal to the prospective black shale/mafic contact and which represents a possible halo to VHMS mineralisation. Drilling will also follow up the 2m @ 9.2g/t gold intersected in quartz veining on a mafic contact. The air core drilling program is expected to commence in the second week of December with assay results available in late January 2021. In addition to the drilling at Yerrida, reverse circulation (RC) drilling is scheduled to commence next week at Black Flag, 30km north of Kalgoorlie. Gold mineralisation is evident in historical wide-spaced air core drilling conducted by Placer Dome Asia Pacific from 2002 to 2006 (WAMEX Open File Reports A67339, A70545 and A72446) and Paddington Gold Mine in 2011 and 2012 (WAMEX Open File Report A94950) including 2m @ 8.2g/t Au from 58m to bottom of hole. Significantly, this result is located approximately 300 north-east of DGO's 2019 intersection of 12m @ 3.2g/t Au from 116m The program of 14 RC holes totalling 2,100m of drilling will test the intersections of north-east, mineralising structures with the contact of an anticlinal structure delineated by porphyry intrusives. Results from the Yerrida and Black Flag drilling programs are expected in early 2021. In October, DGO completed an aircore drilling program at Bryah, 70km north of Meekatharra. Assay results from this drilling remain awaited due to laboratories in Perth dealing with increased demand. DGO has built a strategic land position of 13 exploration licenses covering 2,501 square kilometres in the Yerrida Basin. The land-holding lies approximately 25 to 100 kilometres from Sandfire Resources' DeGrussa operations and is prospective for both volcanic-hosted massive sulphide (VHMS) and Zambian Copper Belt type mineralisation. The Yerrida Basin is considered to be stratigraphically equivalent to the adjacent Bryah Basin which hosts the DeGrussa and Monty VHMS copper-gold deposits and the Morck's Well prospect. To date, 10 priority VHMS targets have been identified and are being systematically explored. In addition to the VHMS targets, DGO's detailed data review and analysis has also confirmed that the Yerrida Basin is a favourable, basin setting of the right age to host stratiform sediment-hosted copper (SSH Cu) deposits analogous to the world-class Zambian Copper Belt (ZCB). DGO's analysis has identified nine ZCB style targets which warrant additional work. DGO's Black Flag tenements are approximately seven kilometres north-northwest of Horizon Minerals' Teal Well open pit which produced 21,800 ounces of gold at a grade of 3.2g/t. Mineral resources at Teal, Peyes Farm and Jacques Find total 4.25Mt at 2.1g/t Au for 289,000 ounces (IRC Quarterly Activities Report 30 June 2019). The mineralisation is hosted in a series of semi-parallel shears within Black Flag felsic volcanics and sediments defining a +200 metre wide northwest trending, mineralised structural corridor which trends through the Gimlet resource to DGO's tenements to the north. Gold mineralisation is evident in DGO's Black Flag tenure from historical wide spaced air core drilling conducted by Placer Dome Asia Pacific from 2002 to 2006 (WAMEX Open File Reports A67339, A70545 and A72446) and Paddington Gold Mine in 2011 and 2012 (WAMEX Open File Report A94950). However much of the historical aircore drilling in the area is shallow and has failed to penetrate below the transported cover. Regional airborne magnetic data shows that potential extensions of the north-northwest trending Teal-Gimlet structural corridor continues for six kilometres within DGO's tenements and is largely untested by historical drilling. Is New 90 Day High Low • Nov 24
New 90-day low: AU$2.80 The company is down 14% from its price of AU$3.26 on 26 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 1.0% over the same period. Duyuru • Oct 06
DGO Gold Limited Commences an Air Core Drilling Program Comprising 40 Holes to Test Degrussa Style Copper-Gold Targets and Sediment Hosted Gold Targets at Bryah DGO Gold Limited announced that it has commenced an air core drilling program comprising 40 holes for approximately 3,000 metres to test DeGrussa style copper-gold targets and sediment hosted gold targets at Bryah, 70km north of Meekatharra. Recent drilling by Sandfire Resources 10km to the southeast of DGO's Bryah tenements intersected significant mineralisation in wide spaced air core drilling within the Karalundi Formation (1m @ 9.7g/t Au from 40m, 5m @ 1.4g/t Au from 25m) and Narracoota Formation (10m @ 0.1% Cu from 10m, 5m @ 0.2% Cu from 75m). The Narracoota Formation hosts the DeGrussa copper-gold deposit, 95km to the northeast. Multi-element geochemistry from DGO drilling and soil sampling programs undertaken earlier this year, and geophysical datasets, have been analysed by expert geological consultants Professor Ross Large AO and Dr Stuart Bull. Their analysis has identified sediment-hosted gold targets and DeGrussa-style volcanic hosted massive sulphide (VHMS) targets, along strike from the Sandfire Resources results. DGO's priority targets are: Sediment Hosted Gold Target: A de-magnetised zone hosting hematitic shales 6km east of Judge's Find may define a broad zone of potential alteration where magnetite may have been destroyed by gold mineralising fluids and potentially forming gold mineralisation on lithological and structural contacts. DeGrussa Style VHMS Target: Anomalous copper-in-soil geochemistry 5km north of Judge's Find at the equivalent stratigraphic level in the Narracoota Formation as DeGrussa, is supported by magnetic highs and airborne electro-magnetic (AEM) anomalies. Drilling will also test an alteration zone interpreted as an exhalite unit similar to hydrothermal sediments generally formed on the margins of VHMS deposits, identified in previous DGO drilling 2km southeast of Judge's Find. Along strike to the northwest of Judge's Find, drilling will test the margins of magnetic highs within sediments which potentially represent pyrite-pyrrhotite transition zones where gold may be liberated during pyrite destruction and concentrated in the overlying sediments. Drilling has commenced and is scheduled to be completed in mid-October with results from the program expected in November. DGO's Bryah land holding covers 128km2 on the edge of the Bryah and Yerrida Basins, 70km north of Meekatharra. Bryah is prospective for sediment-hosted gold in an area of known gold nugget occurrences at and adjacent to Judge's Find where surface mining for gold has occurred for some time. The source of the gold nuggets is unknown. Gold mineralisation is likely controlled by thrust-fault bounded, anticlinal structures at the contact of the Juderina Sandstone and Johnson Cairn Formation black shales. Two exploration licences form Bryah: E 51/1729 (DGO 100%) and E 51/1590 (TasEx JV). Under the terms of the farm-in and joint venture agreement with TasEx Geological Services, DGO has earnt 80% interest in E 51/1590. Duyuru • Sep 23
DGO Gold Limited Enters Earn-In Agreement to Expand Land Position At Pernatty DGO Gold Limited announce that it has signed an earn-in agreement which will see the Company substantially increase its land holding around a highly prospective copper target on South Australia's Stuart Shelf. Under the binding Heads of Agreement between DGO and Gawler Resources Pty Ltd, a wholly owned subsidiary of Investigator Resources Limited, DGO has the right to spend up to $6.35 million on exploration in three stages over 5 years to earn an 80% interest in 5 South Australian exploration licences adjacent to DGO's Pernatty land position. DGO Executive Chairman Eduard Eshuys said the Company had identified a large Zambian Copper Belt-style sediment-hosted copper target which spanned the DGO and Investigator tenements. Duyuru • Jul 21
DGO Gold Limited announced that it expects to receive AUD 12 million in funding DGO Gold Limited (ASX:DGO) announced a private placement of equity commitments for gross proceeds of AUD 12 million on July 21, 2020. The transaction will include participation from Bruce Parncutt AO for commitment of AUD 1.2 million and 60,000 options, Eduard Eshuys for AUD 0.7 million and 35,000 options, Ross Hutton for AUD 0.2 million and 10,000 options, Michael Ilett for AUD 0.2 million and 10,000 options, and 8 other top 20 shareholders of the company for AUD 9.7 million and 485,000 options. The commitments are subject to a future capital raising being undertaken at a price no higher than a 20% discount to the 10 day volume weighted average share price at the time the capital raising is announced, and are for a term of four months, expiring on 20 November 2020. The transaction will be made in compliance with the Corporations Act and ASX listing rules. In exchange for commitments, committing shareholders will be paid a commitment fee of 50,000 unlisted options per AUD 1 million of commitments being exercisable at AUD 4.50 per share with an expiry date of July 31, 2020. The transaction is subject to approval from shareholders of the company to be sought at company’s next annual general meeting. 
