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.