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
MACMIN LIMITED 2002-06-04 ASX-SIGNAL-G
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
DIRECTOR
MMN
macmin silver ltd