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Ora Gold Ltd.
Summary
| Project: | Government Well | |
|---|---|---|
| Deposit: | Government Well | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Lead | |
| Date: | 11/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-11-2019: Ora Gold Ltd. announces an Exploration/Drilling Update report for its Government Well deposit at the Government Well project. Drilling results incl. 62m @ 0.7% Cu+Zn+Pb from 52m. Ora Gold Limited (Ora Gold) is pleased to announce that the assa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Costica Vieru (Internal) | |
| ABSTRACT: | Ora Gold Limited (Ora Gold) is pleased to announce that the assay results of the initial reverse circulation drilling program on the Government Well prospects have confirmed two broad zones of shallow VHMS base metal mineralisation at the CVG prospect and the discovery of a wide gold mineralised structure at the CVI prospect. Final assay results have been returned from the initial reverse circulation (RC) drilling program at Government Well (Figure 1). The shallow drilling program has outlined base metal and gold targets for deeper drilling in the southern CVG and the northern CVI electromagnetic (EM) conductors. The CVG and CVI EM conductors and their surface projection are shown on the total magnetic intensity image in Figure 2. Both conductors are modelled to be dipping steeply to the west under a magnetic mafic-ultramafic package with the top of the conductors at about 100m below surface. Thirty-four holes totalling 2,080m to a maximum depth of 115m were completed (see drill hole layout plan in Figure 3) with an average down hole depth of 60m. While the broad mineralised zones are mostly of an anomalous grade, the widths and strike extent of the zones, the metal signature and the mineralisation outline made possible by the shallow drilling over the strong EM conductors, all together indicate the strong possibility of significant mineralisation at depth. | |
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