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DGO Gold makes a discovery, tenements surrounded by Novo and De Grey in the Pilbara

The halt will remain in place until Wednesday 25th October 2017.

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The company's shares are in pre-open

DGO Gold Ltd (ASX:DGO) has some highly anticipated news on the table, with the ASX granting the company a trading halt to prepare the finer details.

The company has outlined that it has made a significant discovery on one of its tenements.

No additional details have yet come to hand, but the company's tenements in the Pilbara are surrounded by Novo Resources Corporation (TSX.V:NVO) and De Grey Mining Ltd (ASX:DEG).

The recent discovery of gold nuggets in Hardey Formation conglomerates by the Artemis Resources Ltd (ASX:ARV) / Novo Resources joint venture at Purdy’s Reward has highlighted the potential for sediment hosted Witwatersrand style mineralisation in the area.

DGO has three granted exploration licences, covering a significant land holding of 245 square kilometres in the prospective Pilbara south east of Karratha.

The halt will remain in place until the opening of trade on Wednesday 25th October 2017, or earlier if an announcement is made to the market.

Quick facts: DGO Gold Ltd

Price: 0.98 AUD

ASX:DGO
Market: ASX
Market Cap: $34.49 m
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