Relode Commences Drilling

  1. 937 Posts.
    RELODE LIMITED 2002-07-22 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    ReLODE Limited (RLD) commenced drilling the first drill hole within
    its 100% owned Toondina Dam project within the Gawler Craton of South
    Australia on Sunday 21 July 2002. The detailed ground-based magnetic
    and gravity survey at the Ockenden project, located 15km to the
    north-northeast of Toondina Dam has also commenced.

    ReLODE is today pleased to announce that it commenced its first major
    drilling campaign of up to eight drill-holes on 100% owned tenement
    EI.2936 on Sunday 21 July 2002. The campaign at Toondina Dam and
    Ockenden will test two significant copper-gold targets in a suitably
    prospective part of the Gawler Craton south of Oodnadatta. The
    targets, identified by ReLODE, are concealed under a cover of younger
    sediments.

    Diamond drill hole TNADDH001, located at MGA Zone 53; 565,115E /
    6,903,285N within the Toondina Dam project will test the eastern
    side of an approximately 1 km long magnetic anomaly located at the
    northern termination of a prominent gravity feature. Further drill
    holes will follow to test other parts of this geophysical target.

    The acquisition of detailed ground magnetics and gravity data at the
    Ockenden project, located 15km to the north-northeast of Toondina Dam
    and within EL2936, also commenced on Sunday 21 July 2002.

    Refer to the 10 July 2002 ASX release for detailed information (in
    Toondina Dam and Ockenden.



    Dr Robin FC Morritt
    MANAGING DIRECTOR


    A copy of the full announcement,including Figure 1 & Figure 2 is
    available in PDF format on www.asx.com.au. Alternatively it is
    available for purchase from ASX Customer Service on 1 300 300 279
 
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