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Ora Banda Mining Ltd.
Summary
| Project: | Davyhurst | |
|---|---|---|
| Deposit: | Waihi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-1-2020: Ora Banda Mining Ltd. announces an Exploration/Drilling Update report for its Waihi deposit at the Davyhurst project. Drilling results incl. 34.0m @ 3.79g/t Au from 30m. Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to | |
| 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 further results from its Waihi resource definition and metallurgical drilling programs. Drilling at Waihi focussed on delineating and upgrading an optimal open pit Mineral Resource and testing the potential for further open pit and underground resource extensions at depth. Phase 1 drilling activities have now concluded and all assay results have been returned. A total of 65 RC holes (6 313 m) and 15 diamond drill holes (3 656 m) were completed in Phase 1 of the Waihi resource definition drilling program. Updating the Waihi resource model and Mineral Resource estimate with the full suite of information obtained from this phase of the resource upgrade program is currently being finalised with completion targeted for the end of January. Of particular significance in these assay results is hole WHDD026 that returned 2.0m @ 7.9g/t from 205.0 metres. This hole targeted and successfully intersected the down plunge continuation of the high grade Homeward Bound shoot which remains open beyond this point (see Figure 4). The plunge continuation remains a focus for future exploration works. | |
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