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Ora Banda Mining Ltd.
Summary
| Project: | Riverina | |
|---|---|---|
| Deposit: | Riverina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-8-2019: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Riverina deposit at the Riverina project. Drilling results incl. 6m @ 13.36g/t Au from 65.0m. 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 first results returned from the 2019 Riverina Phase 1 RC resource definition drilling program. Drilling (totalling 6,200 metres) continues to progress well with the initial Riverina Phase 1 RC program now 90% complete. Samples from this program being progressively analysed with Batch 1 results received to date. Results from the Phase 1 program continue to build on the early drilling conducted between 2016 and 2018 which included hole RVDD16018 that returned 11.2 m @ 22.4 g/t from 64.2 metres (see ASX announcement dated 17 April 2018). The Company’s RC drilling focus will shift to the Waihi open pit mining area on completion of the Riverina Phase 1 program. Managing Director Comment Ora Banda Managing Director, David Quinlivan, said: “These significant infill drilling results continue to confirm and enhance the open pit mining potential at Riverina and we are looking forward to receiving further results from the Phase 1 drilling program. Our second phase of resource drilling at Riverina has been designed to extend and potentially expand the known mineralisation and the final program will be optimized on receipt of all Phase 1 assay results.” | |
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