Dome Gold Mines (ASX proposed code: DME) is targeting an Australian public listing, with the company releasing a prospectus for the issue of 2.5 million shares at $0.20 to raise $500,000, with oversubscriptions up to $1 million allowed.
The offer has an anticipated closing date of the 10th October 2013.
Dome will focus on three tenements within a small geographic area within Fiji, and adding interest the tenements all have distinct types of ore.
Adding interest to the Dome's strategy is that each of the tenements has a direct analogue elsewhere within the country, and therefore the company is more simply looking to emulate something that has been done before.
Dome's flagship is the Nasivi Delta Tenement (SPL1454), which covers the floodplain and delta of the Nasivi River where it meets the sea on the north coast of Fiji’s main island of Viti Levu.
In this area there is a large accumulation of deltaic sediments, such as gravel, sand, silt and clay, that have been washed down the Nasivi River from their source rocks in the mountains to the south.
Those source rocks include the volcanic sequence that hosts the Emperor Gold Mine at Vatukoula and detrital gold is present in the Nasivi Delta sediments.
The second of Dome’s Fijian tenements is SPL1451, located on the southern Fiji islands of Kadavu and Ono. Here Dome has identified a number of gold prospects whose geological setting is strongly analogous with that at Vatukoula.
Dome's final tenement is SPL1452, which is a large tenement located in the south-central part of Viti Levu and is known to Dome as Nadrau.
The Nadrau Tenement covers a relatively remote and mountainous region of Fiji but is strategically located adjacent to one of the world’s largest, as yet undeveloped porphyry copper-gold deposits – Namosi.
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