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Ora Gold Ltd.

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Summary

Project:

Abbotts

Deposit:Government Well
Location:Australia
Commodities:Copper-Zinc-Lead
Date:10/11/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:11-10-2019: Ora Gold Ltd. announces an Exploration/Drilling Update report for its Government Well deposit at the Abbotts project. Base metal XRF intersections from recent drilling. Reverse circulation (RC) drilling at Government Well has intersected broad
Resources:x
CP/QP:[Overall Report]: Costica Vieru (Internal)
ABSTRACT:Reverse circulation (RC) drilling at Government Well has intersected broad zones of shallow base metal mineralisation over the northern part of the southern CVG EM conductor. Sixteen holes have been completed in two lines and two zones of mineralisation have been intersected. The initial program of 2,000m RC drilling is planned to outline base metal targets for deeper drilling on two EM conductors (CVG and CVI) at the Government Well prospect (Figure 1). Sixteen holes totalling 1,083m to a maximum depth of 115m have been completed over the northern part of the southern (CVG) conductor in the area of earlier reported WMC and SBM shallow drill holes. The depth to fresh rock is variable from 4m to 60m. Hand-held XRF readings listed in Table 1 have been taken of each one metre RC sample, and while the samples have not yet been assayed, the XRF readings in nine of the holes indicate two parallel zones of anomalous base metals striking north-north-east and 20 - 30m (true) width, with readings up to 3% zinc, 1% copper and 1% lead1 . Highly anomalous arsenic is also present in some of readings, which may indicate the presence of gold.

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