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Ora Banda Mining Ltd.
Summary
| Project: | Siberia | |
|---|---|---|
| Deposit: | Callion | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 3-3-2020: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Callion deposit at the Siberia project. Drilling results incl. .8m @ 34.4g/t Au from 232m. Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to an | |
| 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 further results from its Callion resource definition drilling programs. Drilling at Callion has been focussed on extending and upgrading the current open pit Resource and delineating a maiden underground Resource. Phase 1 & 2 drilling has now concluded with a total 53 RC holes (6,938 m) and 17 diamond tails (1,948 m) completed. Of significance in this batch of results from the underground diamond drilling program is hole CNRC19032 that returned 8.0m @ 16.4g/t from 139 metres. This hole targeted and successfully intersected the along strike continuation of the high-grade 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. The conceptual development plan for the Callion deposit includes an open pit cut back to re-establish underground access, rehabilitating existing underground mine development where required to extract a number of high-grade zones that remain within the upper sections of the historical mine followed by the development and extraction of new high grade areas below the existing mine workings | |
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