DRX diatreme resources limited

ground magnetic survey cyclone

  1. 8,506 Posts.
    15 January 2008
    GROUND MAGNETIC SURVEY – CYCLONE HM PROSPECT, EUCLA BASIN
    Co-operative Geophysical Survey with Image Resources NL
    The co-operative, Image Resources NL (ASX: IMA), 80 line-kilometre orientation ground
    magnetic survey over DRX’s Cyclone HM Prospect within the southern part of EL69/1920
    Wanna Lakes has been completed and results announced by IMA on 14 January 2008.
    The survey has revealed a correlation of high amplitude linear NW ground magnetic
    targets with the higher-grade mineralisation intersected by DRX in at least six (6)
    separate targets. This verifies the interpretation that three (3) palaeo coastlines are
    present in the Wanna Lakes Project area and also provides confidence for DRX to
    conduct future ground magnetic surveys in the search for, as yet, new unidentified
    mineralisation strands and mineralised strand extensions beyond current drilling
    intersections.
    DRX is presently working towards early grant of the Wanna Lakes East exploration licence
    (immediately east of Cyclone) and a number of other licences overlying interpreted palaeo
    coastlines northwest of Wanna Lakes.
    ANTHONY J FAWDON
    Executive Chairman/CEO
 
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2.0¢
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Mkt cap ! $100.1M
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