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DOURADO RESOURCES LTD - ASX: DUO
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Dourado Resources Limited is a Perth based exploration company that has been established to predominantly explore for deposits of gold, copper and uranium mineralisation.
* Over 2,800km² of selected tenure that is highly prospective for gold, copper and uranium mineralisation.
* Tenements cover an excess of 2,700km², 1,200km² in Western Australia´s midwest and 1,500km² in the central Northern Territory.
* Areas are strategically selected based on in depth geological models specific to gold, copper and uranium mineralisation (target minerals).
Garden Gully – Sabbath Project.
Garden Gully – Sabbath Project MapThis Project covers seven tenements. Historic public data after 2002 recorded an Inferred Resource of 145,000 tonnes at a grade of 2.52 g/t Au containing 11,750 ounces estimated in accordance with the JORC code. Further exploitation was not continued due to the low price of gold at the time rendering further expenditure uneconomical.
Drilling below the nominal 60m vertical depths has been advised to test possible mineralisation extensions. Exploration will concentrate along strike, under the alluvial cover and within the zone containing the old workings.
Recent comprehensive exploration programs being carried out in the area have led to a significant increase in intercepts of gold mineralisation. The nearby Paddy’s Flat underground and open pit mine (combined Indicated and Inferred Mineral Resources of 25.6 million tonnes at 1.48 g/t Au) includes eight separate deposits. It is expected that follow-up target drilling as proposed at Sabbath will result in additional resources being identified on this granted Mining Lease.
Mooloogool / Diamond Well Project
Mooloogool / Diamond Well Project MapThis Project consists of seven tenements which lie within a strong geophysical target zone with coincident gold and arsenic anomalies, described as the Fairway Magnetic Package (FMP) of the Murchison Mineral Field. The Diamond Well Project area is situated along the southern contact zone of the Yerrida Basin and the Glengarry Basin where it is thought that similar structures to those of the faulted Proterozoic contact on the northern edge of the Yerrida Basin at Sandfire Resources NL Doolgunna Project are found.
Current exploration activities at the nearby Doolgunna Project have produced excellent drilling results as reported by Sandfire Resources NL where large RC drill intercepts assayed metal values ranging from 2.9 to 5.3% Cu, 13.4 to 20.1 g/t Ag and 1.0 to 2.1% Zn as well as consistent high grade gold values. Dourado is presented with an opportunity to be able to explore tenements within this exciting newly-discovered gold-copper belt.
Mainland Project
Mainland Project Map Project covers three tenements. Currently six separate gold exploration companies are testing and drilling in this area. The important Comet – Webb’s Patch mine in the vicinity of Cue is dominant and has substantial indicated and inferred gold resources. The tenement areas cover Banded Iron Formation and greenstones with complex folding, shearing and quartz veining. The area is known for alluvial gold and nugget prospecting as well as the location of several historic shafts and mines in quartz-vein hosted gold and is considered to be highly prospective.
Lennonville Project
Lennonville Project MapThis Project covers two tenements and is located among successful gold projects that are either continuing extension operations or exploration programs throughout the Mt Magnet area. The region is dominated by the Hill 50 underground gold mine, which averages an annual production of 147,000 ounces of gold. Harmony Gold Mining Co Ltd has stated reserves in excess of five million ounces of gold. Exploration for fault and shear-hosted gold, similar in occurrence to that of Mt Magnet, is expected to yield promising results on these tenements.
Prospectivity of the Western Australian Gold and Copper Projects The Company believes it has secured six highly prospective gold and copper projects from an exhaustive selection process that are concentrated in a historic gold producing region. The Company plans to subject them to comprehensive exploration programs, which will combine proven techniques with more advanced modern methods.
For a full appreciation of the metal production of the Murchison Mineral Field please refer to the IGR contained in Section 4 of this Prospectus.
North Arunta
North Arunta MapLittle historic exploration for gold or base metals has been completed on the North Arunta tenements. However their prospectivity is considered excellent due to locations further east, north and northwest where gold mineralisation is extensive with many successful gold mines currently in production. The area selected by the Company is one of the most under-explored regions in the Northern Territory and the definition of targets for gold and uranium will be part of the initial exploration program.
Mine For
gold, copper, uranium
Location of operation(s)
Western Australia, Northern Territory
Address
Level 2 Spectrum 100 Railway Rd
SUBIACO, WA, Australia
Phone
(61 8) 9367 8133
Website
Last Updated
5/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
