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Ora Banda Mining Ltd.
Summary
| Project: | Siberia | |
|---|---|---|
| Deposit: | Sand King | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 27-4-2020: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Sand King deposit at the Siberia project. Drilling results incl. 5m @ 13.73g/t Au from 79m. Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to | |
| Resources: | ||
| CP/QP: | [Overall Report]: Andrew Czerw (Internal) | |
| ABSTRACT: | Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to announce the results returned from the Sand King resource model infill validation reverse circulation (RC) and diamond core (DD) drilling program. A total of 16 holes(6 RC and 10 DD) were drilled with a specialised low angle (hole dips to 34 degrees) drill rig to (i) validate ore lode geometry interpretations and gold grade projections; and (ii) further reduce drill hole spacing, in areas near the base of the optimum open pit (designed using a gold price input of A$2,000 per ounce) upon which the current Ore Reserve calculation released to ASX on 30 October 2019 was based. In summary the drill hole logs and assay results received from these holes have confirmed that both lode geometry and gold grades are in line with inputs and values previously modelled. The Sand King resource model has been upgraded to include results from this drill program and this upgraded resource model will in turn be used to update the Sand King optimum open pit mine design and Mining Reserve. All assay results from the Davyhurst Gold Project resource definition drilling program have now been received and delivery of the Definitive Feasibility Study into the restart of mining and processing operations at Davyhurst remains on schedule. | |
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