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Ora Banda Mining Ltd.
Summary
| Project: | Siberia | |
|---|---|---|
| Deposit: | Callion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 28-1-2020: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Callion deposit at the Siberia project. Drilling results incl. 4.8m @ 34.38g/t from 232.5m. Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to | |
| Resources: | (Resources, I+I): 169kt @ 2.6g/t Au (14koz Au) at Callion | |
| CP/QP: | [Overall Report]: Andrew Czerw (Internal) | |
| ABSTRACT: | Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to announce initial results from its Callion resource definition drilling program. Drilling at Callion has been focussed on delineating both an open pit and an underground Mineral Resource. A total of 46 RC holes (5,962 m) and 15 diamond tails (1,689 m) have been completed in Phase 1 of the Callion resource definition drilling program. Assay results for remaining 23 holes at Callion are expected mid February. Of significance in the open pit drilling program is hole CNRC19002 that returned 10.0m @ 8.0 g/t from 76 metres. This hole targeted and successfully intersected a high-grade shoot that remains the primary focus of the open pit cut back target (see Figure 5). Of significance in the underground diamond drilling program is hole CNDD19015 that returned 4.8m @ 34.4g/t from 232 metres. This hole targeted and successfully intersected the down plunge continuation of the highgrade shoot associated with the historical main underground mining area (see Figure 4). The overall shoot plunge continuation at depth remains a focus for future exploration works. | |
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