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- DGO Gold (DGO) has entered back-to-back trading halts ahead of a capital raise
- At this stage, it is unclear how much the company is aiming to raise and what the funds will be used for
- Company shares will be paused until Thursday, Septemeber 17, or until DGO releases information about the capital raise
- Yesterday, DGO released an update on drilling conducted by Yilgarn Exploration Ventures, an investment vehicle in which the company holds a 40 per cent stake
- Reverse circulation drilling has been completed at Desdemona North and Darlot North, while work at Christmas Well will begin next week
- Company shares last traded for $3.62 per share on September 11
DGO Gold (DGO) has entered back-to-back trading halts ahead of a capital raise.
At this stage, it is unclear how much the company is aiming to raise and what the funds will be used for.
This means company shares will be paused until Thursday, Septemeber 17, or until DGO releases information about the capital raise.
Yesterday, DGO released an update on drilling conducted by Yilgarn Exploration Ventures, an investment vehicle in which the company holds a 40 per cent stake.
The company is currently testing three targets; Desdemona North, Christmas Well and North Darlot, with two drill rigs in the Leonora district in Western Australia.
At Desdemona North, initial reverse circulation (RC) drilling has been completed and diamond drilling has commenced. This drilling will test for Gwalia-style and scale mineralisation.
Meanwhile, at Darlot North, RC drilling was completed last week and DGO currently awaiting assays, while RC drilling at Christmas Well will begin next week.
“DGO is delighted that Yilgarn Exploration has commenced its program of drill testing its nine high-potential targets identified using SensOre’s Data Cube and proprietary machine learning/AI technology,” Executive Chairman Eduard Eshuys said on Thursday.
“DGO has a history of applying industry-leading research to identify targets with the highest potential,” he added.
Company shares last traded for $3.62 per share on September 11.
