February 1, 2008
DIORO CONFIRMS
SIGNIFICANT CONTINUATION OF GOLD MINERALISATION AT FROG’S LEG UNDERGROUND MINE
HIGHLIGHTS:
- Wide high grade gold results from drilling
continues to bridge the ‘Gap’ between Mist/Fog and Rocket Lodes.
- MEDD134 – 62m @ 5.58g/t from 366m (inc 10m
@13.65g/t)
- Rocket extended 200m at depth below the measured and indicated resource
boundary.
- MEDD128 - 1m @ 117.16g/t Au from 439m & 7m @ 6.07g/t Au from 464m
- MEDD124 - 18m @ 5.49g/t Au from 394m
- MEDD127
– 7m @ 9.83 from 359 & 4m @ 37.72g/t Au from 364m
- MEDD131 - 5m @ 14.49g/t Au from
347m
- A resource and reserve update will now commence incorporating all new holes drilled since May
2007.
- Gold production scheduled in early 2008
Australian gold production
company Dioro NL (ASX;DIO, thereafter “Dioro” or the “Company”) is pleased to
announce significant results from the latest 11 Diamond drill holes completed
at the company’s advanced Frog’s Leg underground gold mine located near
Kalgoorlie in Western Australia. Dioro holds a 49% interest with the operator
La Mancha Resources Inc, a TSX listed company, holding 51%.
Since the July 2007
resource estimation, Diamond drilling was targeted below the Rocket Lode and in
the ‘Gap’ area between the Mist/Fog and Rocket Lodes (Figure .1). Drilling has
confirmed the continuity of mineralisation at depth below the Rocket and
Mist/Fog measured and indicated resources, and tenor of grade and width of the
inferred resources. Detailed results of these 11 holes are reported in Appendix
“A”
The Frog’s Leg deposit is
located 50kms from the company’s South Kal Operations. Exploration to date has
resulted in the definition of a total measured and indicated resource of
723,000 ounces of gold, of which Dioro’s share is 354,000 ounces. Exploration
activities aimed at expanding and enhancing this resource are continuing.
To view
the full ASX announcement, click here.
For all media inquiries contact:
John Williams
Pofessional Public Relations
Phone: 0412 422 636
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Dioro Exploration NL
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PRODUCER |
CODE : DIO.AX |
ISIN : AU000000DIO1 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Dioro is a gold producing company based in Australia. Dioro holds various exploration projects in Australia. Its main assets in production are MUNGARI EAST, FROG'S LAKE and SOUTH KAL in Australia and its main exploration properties are POKAI and LAKE GRETA in Australia. Dioro is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is AU$ 86.2 millions as of today (US$ 79.0 millions, € 57.7 millions). Its stock quote reached its lowest recent point on January 14, 2000 at AU$ 0.04, and its highest recent level on October 12, 2007 at AU$ 37.24. Dioro has 67 905 410 shares outstanding. |