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Ora Banda Mining Ltd.
Summary
| Project: | Davyhurst | |
|---|---|---|
| Deposit: | Waihi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-10-2019: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Waihi deposit at the Davyhurst project. Drilling results incl. 5.0m @ 19.16ppm Au from 38.0m. Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased | |
| Resources: | (Resource, Total): 20.728Mt @ 2.5g/t Au at Davyhurst | |
| CP/QP: | [Overall Report]: Andrew Czerw (Internal) | |
| ABSTRACT: | Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to announce the first assay results received from its initial resource definition drilling program at Waihi. The Waihi Complex is located 3km west of the Davyhurst Mill and is an advanced deposit with substantial open pit and underground mining potential. Ora Banda’s initial reverse circulation and diamond drilling programs at Waihi have been focused on upgrading and extending the existing Waihi Main Shoot mineral resource within a preliminary 2019 optimised pit shell. The extensional drilling program includes infill around hole WHDD003 (23m @ 9.1g/t from 128 metres) which intersected the Homeward Bound ore lode at depth and down plunge of the exiting open pit (see ASX announcement dated 29 July 2019). Ora Banda Managing Director, David Quinlivan, said: “Drilling completed to date at Waihi has provided us with a greater geological understanding of this deposit. These significant initial results build on our comprehensive historical data set and it is pleasing to see such strong results continuing to enhance the open pit and underground mining potential of the area. We look forward to seeing what the remaining program delivers.” | |
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