DIORO EXPLORATION NL 2002-12-02 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
* Recently completed drilling at Winston Churchill included 88 drill
holes for 4595 metres
* Mineralisation intersected in a zone close to the gabbro sediment
contact includes 2m @ 11.18g/t and 4m @ 2.65g/t Au confirming
previous results.
* Negotiations are well advanced to ensure the MLA15/1187 is granted
to allow access to the southern strike extent of the Winston
Churchill prospect
The board of Dioro Exploration NL wish to advise that final results
have been received from the Stage 2 drilling completed at Winston
Churchill. A total of 88 drill holes for 4595 metres were completed
at Winston Churchill. This included 59 aircore holes, 14 reverse
circulation holes, 13 diamond holes and 2 aircore precollars with
diamond tails. The drilling contractor utilised a combination of
aircore and diamond drilling for drilling within the Kopai Lake and
reverse circulation for drilling on the lake edge.
Final results have been received for the program and significant
results are reported below:
MUNGARI EAST JV
WINSTON CHURCHILL DRILLING
1M RESAMPLES > 0.5 g/t Au
AMG CO-ORDINATES
HOLE NO NORTHING EASTING DEPTH DIP AZIMUTH INTERVAL INTERSECTION
MERC425 6595802 332393 80 -60 080 68 70 2m @ 3.35
MERC427 6595648 333011 140 -60 080 78 80 2m @ 2.15
MERC429 6565575 333060 60 -60 080 26 27 1m @ 2.44
MERC432 6595490 333030 126 -60 080 24 26 2m @ 0.81
28 30 2m @ 0.86
MERC433 6595363 333062 100 -60 080 23 24 1m @ 1.20
MEDD047 6595310 333020 81.4 -60 070 73 74 1m @ 0.65
MEDD048 6595287 333073 100 -60 080 9 10 1m @ 3.86
12 13 1m @ 0.55
20 24 4m @ 2.65
MEDD049 6595273 333039 161 -60 080 53 - 55 2m @ 11.81
Notes: Prefix MERC refers to reverse circulation drilling and MEDD
refers to diamond drilling.
MEDD048 and MEDD049 were drilled on a traverse 40m south of the
previously drilled traverse containing the previously reported hole
MEDD035 (11m @ 4.69g/t Au). Anomalous intercepts in these holes
relate to zones of quartz veining with traces of pyrite,
chalcopyrite, sphalerite and minor tellurides, hosted by sheared
sediments and zones of brecciation proximal to the gabbro contact.
This stratigraphic position is similar to the reported position of
the Raleigh Trend, although the footwall andesite has not been
recognised. MEDD047 drilled below the MEDD035 intersected anomalous
but low order results at the target horizon.
The recognition of the stratigraphic position of the Winston
Churchill mineralisation provides the Mungari East joint venture with
an excellent focus for future exploration. The Churchill Trend is
interpreted to strike south from Winston Churchill towards a zone
disrupted by cross cutting faults parallel to the Mary Fault, a major
fault that offsets the Frog's Leg Trend in the vicinity of Frog's Leg
North. The southern strike extent of the Churchill trend is currently
held under a tenement application (M15/1187) by the Mungari East
joint venture and negotiations with indigenous groups are well
advanced to fast track the granting of this tenement.
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