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Ora Banda Mining Ltd.
Summary
| Project: | Riverina | |
|---|---|---|
| Deposit: | Riverina | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-10-2019: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Riverina deposit at the Riverina project. Drilling results incl. 3.0m @ 14.9g/t Au from 3.0m. 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 final set of results returned from the 2019 Riverina Phase 1 RC resource definition drilling program. Riverina Phase 1 RC drilling program that included 80 drill holes for 6,267 metres is now complete and all results have been received. The programs results have enhanced the robust nature of the gold mineralisation with a combination of narrow high-grade intercepts and broader lower-grade zones intersected across the width of the lode systems. The Company’s geologists have commenced work on the Mineral Resource Estimation update which is scheduled for delivery in November 2019. Phase 2 drill planning remains ongoing. Managing Director Comment Ora Banda Managing Director, David Quinlivan, said: “It is pleasing to achieve this milestone and we look forward to delivering the resource upgrade in the near future. The Phase 1 drilling has provided us with a greater geological understanding of the Riverina deposit and how this might translate into open pit mining.” | |
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