Dioro receives updated assays from Frog's Leg 17:52, Thursday, 3 August 2006
Sydney - Thursday - August 3: (RWE Australian Business News) - Gold producer Dioro Exploration NL (ASX code: DIO) says it has further confirmed the economic strength of the Frog's Leg deposit, located in the eastern goldfields region of Western Australia, with the release of further assay results from its reverse circulation drilling program. The drilling was designed to test near-surface mineralisation associated with the Mist Lode and has highlighted the potential for open-pittable mineralisation sitting over the 650,000 ounce deposit. The drilling has identified a near-surface mineralised zone that is up to 150 metres in strike length and between 15 and 65 metres in depth. Significant new composite 4-metre results include: * 16m at 4.60g/t gold from 60m; and * 24m at 6.62g/t gold from 36m. Significant new 1-metre results also include: * 9m at 7.13g/t gold from 65m; and * 8m at 5.80g/t gold from 20m. Mines and Resources Australia Pty Ltd is the 51 per cent owner and project operator of the Mungari East gold project - which contains the Frog's Leg deposit - with Dioro holding the remaining 49 per cent. The announcement was made after trading closed. Shares in Dioro rose 0.1c to 6.4c today. ENDS
DIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held