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23 April 2008
Wide high grade intersection 150m below Rocket Lode at Frog’s Leg
HIGHLIGHTS:
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MERC641D intersected 33m @ 3.64g/t Au including 6m @ 11.19g/t Au and 2m @ 25.06g/t Au.
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The intersection is 150m below the currently defined Indicated resource at Rocket and confirms the extension to the southerly plunging high grade shoot.
Dioro Exploration NL (TSX: DIO, hereinafter "Dioro" or the "Company"), with joint venture partner La Mancha Resources Inc., are pleased to announce a high-grade intersection at the Frog’s Leg gold project
giving the deposit exciting scope for extension. MERC641D intersected 33m @ 3.64g/t Au from 615m including 6m @ 11.19g/t Au from 615 metres and 2m @ 25.06g/t Au from 615 metres.
MERC641D was one of the last holes to be drilled as part of the 2007 diamond drilling program. The intersection is significant as it is located 500m below the surface, 150m below previous drilling and below the
new March 2008 resource envelope at Rocket. The wide, high-grade intersection confirms the southerly plunging high-grade shoot shown by geological modeling incorporating the 2007 drilling.
MERC641D was not included in the resource upgrade reported on the 1st April 2008 indicating that the Frog’s Leg resource will continue to grow as extensional drilling is conducted. Potential remains to extend
the resource at depth and in particular along strike to the south.
Results are also available for five other diamond holes drilled as part of the 2007 program. MEDD135-7 were drilled in the upper northern portion of the Mist lode to close of the resource in this area. MEDD138
and MERC637D were drilled below the Gap and intersected lower grade mineralisation.
Next Steps
Diamond drilling is planned to test below the Tinker lode in the second quarter of 2008. The lower part of Tinker is within the newly identified south plunging shoot confirmed by the intersection in MERC641D.
Results from Tinker should be available in August.
The Frog’s Leg underground mine has been producing ore for the past two months, with all ore being transported to Dioro’s Jubillee Mill for processing for the joint venture. Frog’s Leg is expected to
commence contributing to Dioro’s Production by June 2008.
To download the full release, click here.
For further information please contact:
Rhod Grivas, Managing Director
Dioro Exploration
Ph: +61 8 9389 8799
Peter Harris
Professional Public Relations
Ph: +61 8 9388 0944
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Dioro Exploration NL
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PRODUCTEUR |
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CODE : DIO.AX |
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ISIN : AU000000DIO1 |
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Dioro est une société de production minière d'or basée en Australie. Dioro détient divers projets d'exploration en Australie. Ses principaux projets en production sont MUNGARI EAST, FROG'S LAKE et SOUTH KAL en Australie et ses principaux projets en exploration sont POKAI et LAKE GRETA en Australie. Dioro est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 86,2 millions AU$ (79,0 millions US$, 57,7 millions €). La valeur de son action a atteint son plus bas niveau récent le 14 janvier 2000 à 0,04 AU$, et son plus haut niveau récent le 12 octobre 2007 à 37,24 AU$. Dioro possède 67 905 410 actions en circulation. |