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Ora Banda Mining Ltd.
Summary
| Project: | Davyhurst | |
|---|---|---|
| Deposit: | Callion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-6-2020: Ora Banda Mining Ltd. announces a Resource Estimation report for its Callion deposit at the Davyhurst project. Initial Underground Mineral Resource at Callion. Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to announce | |
| Resources: | (Resources, I+I): 680kt @ 4.9g/t Au (107koz Au) total at Callion | |
| CP/QP: | [Resource] Andrew Czerw (Internal) | |
| ABSTRACT: | Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to announce a maiden underground Mineral Resource at Callion, a key part of the Company’s Davyhurst Gold Project (“Project”) located 13 km south west of the Company’s Davyhurst processing plant. This maiden underground Resource at Callion of 411Kt @ 5.8 g/t Au for 77,000 Au ounces increases the total Resource at this historic high-grade mining centre by 72% to 680Kt @ 4.9 g/t Au for 107,000 Au ounces (the Callion open pit Resource remains unchanged at 269Kt @ 3.5 g/t Au for 30,000 ounces1 ). The Company’s total Mineral Resource is now 23.7 Mt @ 2.8 g/t Au for 2.13M ounces. Further details of the new Callion underground Resource estimate are provided in Tables 1, 2 and Appendix 1. The new underground Resource at Callion results from recent drilling that targeted the Callion Main Lode below the A$2,400/oz optimised open pit Resource shell. Historically, the Callion Main Lode has been the focus of underground mining, with access initially via shafts, | |
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