Drilling Report

Medoro Resources Announces Monte Ollasteddu Drilling Results

 

    TORONTO, Dec. 14 /CNW/ - Medoro Resources Ltd. (TSX-V/AIM: MRL) announced

today initial drilling results from the first phase of diamond and reverse

circulation ('RC') drilling at the Monte Ollasteddu prospect in eastern

Sardinia, Italy. The prospect is a joint venture with Gold Fields Limited,

where Gold Fields Limited can earn up to 60% of the project by completing a

bankable feasibility study.

    A total of twelve diamond drill holes totalling 1,711 metres and

303 metres of RC drilling were completed on the western half of the four

kilometre long mineralised zone. The diamond drill holes were spaced on

sections 100-400 metres apart with drill centres at 50-80 metres apart on each

section. A total of six RC holes were drilled to twin selected diamond drill

holes in order to assess sampling methodology for coarse gold.

    Drilling intersected broad zones of disseminated and vein style sulphide

and silica alteration within the host meta-rhyolite rocks. The gold

mineralisation is contained within these structural zones which strike

northeast-southwest and east-west with dips from 50 degrees - 90 degrees to

the north. Drill holes were inclined at 50 degrees - 60 degrees to the south

and south-east.

    Best results include 25 metres in OLD 9 at 1.7 g/t gold including a

5 metre interval grading 5.5 g/t gold, 20 metres in OLD 6 at 1.3 g/t gold and

1 metre at 9.9 g/t gold and, 17 metres in OLD10 at 1.9 g/t gold.

    The results indicate potential for both narrow higher grade veins and

broader intervals of lower grade gold zones hosted within multiple parallel

structures.  Based on these results, Gold Fields Limited intends to conduct a

follow-up program of ground-based geophysics in order to identify potential

drill targets.

    Significant intervals from diamond drill holes numbered OLD1 through

OLD12 and RC drill holes, OLR1 to OLR6 are summarized below.

 

    

    -------------------------------------------------------------------------

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    Hole No.     From (m)  To (m)  Int. (m)  Au (g/t)

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    OLD1              21       22        1      1.1

    -------------------------------------------------------------------------

    OLD2               3        6        3      1.2

    and               31       34        3      1.1

    and               38       41        3      1.3

    and              100      101        1      1.1

    -------------------------------------------------------------------------

    OLD3               3        6        3      1.2

    and               31       34        3      1.0

    and               38       41        3      1.3

    and              100      101        1      1.1

    -------------------------------------------------------------------------

    OLD4               1        3        2      1.1

    and               12       21        9      1.1

    and               27       29        2      1.0

    -------------------------------------------------------------------------

    OLD5              17       19        2      1.4

    and               27       28        1      3.3

    and               53       54        1      1.9

    -------------------------------------------------------------------------

    OLD6               0       20       20      1.3

    and               31       33        2      3.9

    and               74       75        1      4.0

    and               98       99        1      2.3

    and              170      174        4      3.0

    and              200      201        1      9.9

    -------------------------------------------------------------------------

    OLD7              21       22        1      1.2

    and               62       65        3      3.7

    -------------------------------------------------------------------------

    OLD8              15       20        5      1.6

    -------------------------------------------------------------------------

    OLD9               0       25       25      1.7

      including       20       25        5      5.5

    and               53       54        1      1.8

    and              102      104        2      1.8

    and              168      169        1      1.5

    -------------------------------------------------------------------------

    OLD10             28       29        1      2.9

    and               38       40        2      1.2

    and               66       67        1      1.9

    and               78       79        1      1.9

    and               84       85        1      1.2

    and               95      112       17      1.9

    and              120      121        1      2.4

    and              124      125        1      2.2

    and              138      140        2      1.3

    -------------------------------------------------------------------------

    OLD11              3        4        1      1.7

    and               86       87        1      1.1

    -------------------------------------------------------------------------

    OLD12             58       60        2      1.7

    -------------------------------------------------------------------------

    OLR1               4        8        4      1.2

    -------------------------------------------------------------------------

    OLR2              10       28       18      0.8

    -------------------------------------------------------------------------

    OLR3               5       34       29      0.6

    -------------------------------------------------------------------------

    OLR5               7       17       10      1.1

    -------------------------------------------------------------------------

    OLR6              22       23        1      1.4

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    Lengths approximate true width.

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

 

 

    Medoro Resources submitted half drill core (HQ and NGM-N size) to

Lakefield Laboratories in South Africa for sample preparation and gold

analysis by fire assay. A comprehensive quality control and quality assurance

program ('QA/QC') which includes blanks, replicates, standards and duplicates

was employed. This QA/QC program included the use of certified standard

reference samples from Geostats Pty Ltd. of Australia. Jeffrey Rayner, Bsc.

Hons. Geology, is the Qualified Person for this program.

    Medoro Resources is a gold exploration and development company focused on

gold opportunities in Sardinia and elsewhere in Europe.

 

  

     For further information: Peter Volk, [phone],

info(at)medororesources.com

    (MRL)

 

CO:  Medoro Resources Ltd.

ST:  Ontario

IN:  PCS MAC

SU:  DSC

 

    -30-