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Ora Banda Mining Ltd.
Summary
| Project: | Riverina | |
|---|---|---|
| Deposit: | Riverina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-9-2019: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Riverina deposit at the Riverina project. Drilling results incl. 4.0m @ 11.8g/t Au from 105m. Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased t | |
| Resources: | (Resource, I+I): 2.585Mt @ 2.50g/t Au for 205000oz Au contained at Riverina | |
| CP/QP: | [Overall Report]: Andrew Czerw (Internal) | |
| ABSTRACT: | Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to announce the second set of results returned from the 2019 Riverina Phase 1 RC resource definition drilling program. The planned 6,200 metres Riverina Phase 1 RC drilling program is now complete and all samples from this program have now been logged and submitted for analysis. The RC drill rig has moved to the Waihi complex (3km from the Davyhurst processing plant) to continue the RC program in this area and is scheduled to return to Riverina following the return and integration of all the Phase 1 results into an updated mineralisation model. Ora Banda Managing Director, David Quinlivan, said: “It is pleasing to see these results confirm the mineralisation model and grade expectation. We are tracking well with the development of the Riverina Open Pit and look forward to receiving the remainder of the Phase 1 results.” The main Riverina deposit has a current Mineral Resource of 2.6 Mt @ 2.5 g/t Au for 205,000 ounces and is one of five key priority mining targets at the Davyhurst Project. It is at an advanced stage with a high proportion of oxide tonnes defined. The current resource definition drilling has focused on the larger tonnage potential of the Footwall Lode System located in the volcanic/meta-sedimentary sequence east of the Main Lode. Two main lode surfaces dominate the footwall sequence, locally known as the Murchison and Reggie lode. | |
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