MMN macmin silver ltd

Activities TAS, PNG & QLD

  1. 635 Posts.
    Denis McNeil busy with the drill bit in Texas.
    Peter McNeil drilling in PMG

    Also good 'ol TasEx doing a hit at the rock.

    TasEx Resources Ltd Commences Drilling at the Lisle GoldProj


    HOMEX - Brisbane

    Macmin Ltd announces that its 45% owned subsidiary, TasEx Resources
    Ltd, has commenced a drilling programme at the Lisle Gold Project.
    This programme is designed to test three prospects for high-grade
    shear/vein and also large lower-grade disseminated gold deposits.

    Approximately 700m of RC/diamond drilling will be undertaken with
    drill assay results expected to be released in July 2002.

    The company considers the Lisle Project to be the most prospective
    area of Tasmania for the discovery of gold deposits similar to the
    high-grade Pogo (>gMt at 17.8 g/t gold) and/or large disseminated
    Fort Knox (>169 Mt at 0.93 g/t gold) deposits, based on already
    defined gold mineralisation and specific indicator elements such as
    bismuth and arsenic. This region has never before been specifically
    targeted for these types of deposits. The historic Lisle Goldfield
    was Tasmania's third largest goldfield, with production of >250,000
    oz of gold from alluvials, mainly prior to 1900. A hard rock source
    for this gold has never been located. Exploration by Macmin over the
    past 8 years has defined extensive zones of arsenic (a gold indicator
    element) and gold anomalism that could reflect a "hard rock" deposit
    of gold at a shallow depth below the surface.

    TasEx is a Tasmanian focused, public gold exploration company
    ultimately seeking to list on the ASX, with two gold projects - the
    Lisle Project in NE Tasmania and the Southern Mt Read Volcanics
    Project (SMRV). In the longer term TasEx, by exploration and/or
    acquisition, hopes to become a major contributor to the Tasmanian
    mining industry.

    D M O'Neill

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Currently unlisted public company.

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