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Orinoco Gold Ltd.
Summary
| Project: | Faina | |
|---|---|---|
| Deposit: | Antana-Xupe | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 8/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-8-2018: Orinoco Gold Ltd. announces an Exploration/Drilling Update report for its Antana-Xupe deposit at the Faina project. Drilling results incl. 8m @ 4.02g/t Au from 119.50m. Orinoco Gold Limited (ASX: OGX) (Orinoco or the Company) is pleased to anno | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Thiago Vaz Andrade (Internal) | |
| ABSTRACT: | Orinoco Gold Limited (ASX: OGX) (Orinoco or the Company) is pleased to announce the completion of the drilling campaign at its 100% owned Antena and Xupé deposits. Thirteen drill holes were completed, totalling 2067.97. As announced on 1 st May 2018, ANT_004 identified significant extension of Troy’s Xupé pit to the west with 21.7m @ 4.89g/t Au (144- 165.7m) including 10.2m @7.74g/t Au (155.5 – 165.7m) including 2m @ 10.82g/t Au (158 – 160m) including 1.5m @ 11.36g/t Au (162 – 163.5m). ANT_007 and ANT_008 successfully confirmed further down plunge extension to the west from ANT004 and ANT_010 to ANT_012 confirmed the continuation of the mineralised zone north and south of ANT_004 and defined the entire width of the ore shoot to be approximately 80m. Independent laboratory results from ALS confirm the presence of a significant mineralised extension to the Xupé mine of approximately 300m down plunge which remains open to the west. Detailed resource modelling of the extension to the Xupé orebody is currently underway. Orinoco’s Head of Exploration, Mr Thiago Vaz Andrade, said ‘The potential for significant gold mineralisation in the Antena Cluster is significant. Drilling at Antena-Xupé is a preview of the grades and thicknesses that are possible in this area. We look forward to our Phase 2 programme at Antena West in October.’ | |
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