frog's legs should kick on beyond 1moz

Here Nemisis for ya ! :))


http://www.miningnews.net

Frog's Legs should kick on beyond 1Moz

Michael Vaughan
Friday, April 21, 2006

DIORO Exploration believes its Frog's Legs gold project could ultimately contain more than 1.5 million ounces, with recently completed drilling likely to push the resource past the 1Moz mark.



Dioro's managing director Rhod Grivas told MiningNews.net eight diamond holes recently completed coupled with a further three step-out holes drilled in January will form the basis for a resource upgrade beyond the current 933,000oz resource.

"The joint venture is going to update the resource on the back of these results but … we're looking at another drilling program to test the resource's potential further and it's been something I've been after for a while and we haven't finalised it yet but we are certainly in the process," Grivas said.

"I think it's got the potential to go beyond 1.5Moz but potential is potential."

Grivas said the next drill program would test the extensions of the system along strike and at depth. He said he believed there was the potential for mineralisation to extend beyond 600m deep. To date, drilling has only tested to a depth of 400m.

The best hits from the recent eight hole program included 8m at 12.25 grams per tonne gold, 13m at 10.6gpt and 10m at 4.4gpt.

Dioro holds a 49% stake in the Frog's Legs joint venture and Mines and Resources Australia (a subsidiary of France's Areva) holds the remaining 51%. MRA is reportedly in the process selling its stake in the project to Red Lion Management, who in turn will sell the stake to Canada's La Mancha.

Shares in Dioro closed up 0.6c (9.09%) at 7.2c.

http://www.miningnews.net