clermont copper project update

http://www.asx.com.au/asxpdf/20081119/pdf/31dnw4x5vq4vr7.pdf


CLERMONT COPPER PROJECT UPDATE


HIGHLIGHTS

• A series of large porphyritic intrusions hosting copper-molybdenum
and copper-molybdenum-gold mineralisation have been identified
in the Rosevale Porphyry Corridor.

• The Corridor is reflected by a northwest trending structural feature
that is hosting multiple porphyritic intrusions over a distance of
6km.

• Recent drilling at the Red Dog Prospect, within the Rosevale
Porphyry Corridor, has identified near economic grades of
molybdenum (up to 587ppm Mo) hosted by near surface
monzonitic porphyry.

• Surface rock chip assay values of up to 8.56g/t gold were
recovered from a monzonitic porphyry, approximately 1.5km to the
south of Red Dog at Hillview East.

• Diatreme is focusing its Clermont exploration toward discovering
potentially world class bulk Copper-Moly and Copper-Moly-Gold
poyphyry deposits, which have affinities to Goonumbla and Cadia
style of deposits and mineralisation.