DIO 0.00% $1.27 dioro exploration nl

Update on Frog`s Leg North Drilling Program

  1. 4,756 Posts.
    Update on Frog`s Leg North Drilling Program

    DIORO EXPLORATION NL 2002-10-21 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Results include 5m @ 7.23g/t Au including 1m @ 29.41g/t Au, 7m @
    4.35g/t Au including 2m @ 11.43g/t Au, 7m @ 6.12g/t Au including 2m @
    16.96g/t Au and 3m @ 8.85g/t Au.

    Dioro Exploration NL ("Dioro") is pleased to provide an update on
    progress of the ongoing drilling program at the northern end of the
    Frog's Leg prospect. This prospect forms part of the Mungari East
    gold project near Kundana, in which Dioro has a 49% interest.

    OUTLINE OF THE PROGRAM

    The program of combined aircore and diamond core drilling is testing
    the lateral and depth extent of mineralisation identified in an
    earlier program of reconnaissance aircore drilling at the extreme
    northern end of the Frog's Leg deposit. A significant discovery at
    this location could positively impact on the design of the open pits
    currently being planned as part of the Frog's Leg feasibility study.

    RESULTS TO DATE

    Drilling has intersected a gold-mineralised zone close to the surface
    in a previously untested area on four consecutive traverses over a
    combined distance of 450 metres at the northern end of Frog's Leg.
    This drilling program is immediately to the east of the Northern Zone
    of Frog's Leg. It is yet uncertain whether this new mineralisation
    relates to Contact Zone or Quartz Lode style of mineralisation, or
    whether it is related to shearing within or adjacent to the north
    north east trending Mary Fault.

    Significant shallow mineralisation has been identified in a number of
    follow-up holes near the northern boundary of the joint venture
    tenements, and these results are tabulated in tables 1 and 2 below.

    TABLE 1
    AIRCORE DRILLING
    1M RESAMPLES > 1 G/T AU

    HOLE NO GRID COORDINATES HOLE FINAL INTERVAL INTERSECTION
    NORTH EAST AZIMUTH DEPTH (M) (G/T GOLD)
    (M)

    MEAC735 6596307 333780 070 39 34-39 5m @ 7.23
    Inc 35-36 1m @ 29.41
    MEAC736 6596294 333740 070 38.5 0-2 2m @ 2.28
    *MEAC739 6596274 333770 070 50 29-36 7m @ 4.35
    Inc 29-31 2m @ 11.43
    *MEAC740 6596303 333856 070 37 27-29 2m @ 2.58
    MEAC762 6596297 333763 070 50 17-19 2m @ 4.51
    27-32 5m @ 1.23
    34-41 7m @ 6.12
    Inc 37-39 2m @ 16.96
    42-47 5m @ 1.14
    MEAC763 6596311 333790 070 60 45-55 10m @ 3.67
    Inc 45-51 6m @ 5.25

    * Announced in quarterly on 27 September 2002.

    TABLE 2
    DIAMOND DRILLING
    > 1 G/T AU

    HOLE NO GRID COORDINATES HOLE FINAL INTERVAL INTERSECTION
    NORTH EAST AZIMUTH DEPTH (M) (G/T GOLD)
    (M)

    MEDD046 6596321 333818 250 81.5 23-24 1m @ 1.20
    36-39 3m @ 8.85
    MEAC694D 6596298 333646 075 170 96-97 1m @ 2.78
    110-113 3m @ 2.05
    MEAC735D 6596307 333780 070 80 39-40 1m @ 3.44

    COMMENT

    The results of the program continue to be very encouraging, however
    further drilling will be required to determine the significance of
    the mineralisation intersected and to be able to place it in the
    correct geological context.

    WINSTON CHURCHILL

    A separate program of combined RC and diamond core drilling has
    commenced to follow-up the very encouraging gold intersections
    already reported in diamond core holes at Winston Churchill, one
    kilometre west of Frog's Leg. Details will be provided when
    available.



    D McArthur
    DIRECTOR

    Mr R Grivas, MAIG, MAusIMM and an employee at Goodheart Pty Ltd
    compiled the technical aspects of this report based upon information
    provided by the joint venture operators. Mr Grivas has sufficient
    experience that is relevant to the style of mineralisation and type
    of deposit under consideration and to the activity that is being
    reported on to qualify as a Competent Person as defined in the 1999
    Edition of the Australasian Code for Reporting of Mineral Resources
    and Ore Reserves. Mr Grivas consents to the inclusion in the report
    of the matters in the form and context in which it appears.

    A copy of the Frog's Leg Deposit Drillhole Locations 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.

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>

    Fig Jam

    I don't hold DIO

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.