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Orinoco Gold Ltd.
Summary
| Project: | Faina | |
|---|---|---|
| Deposit: | Rio do Ouro | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 8/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-8-2018: Orinoco Gold Ltd. announces an Exploration/Drilling Update report for its Rio do Ouro deposit at the Faina project. Drilling results incl. 0.5m @ 38.1g/t Au from 129.50m. Assay results for OST012 indicate significant high grade extension to the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Thiago Vaz Andrade (Internal) | |
| ABSTRACT: | Assay results for OST012 indicate significant high grade extension to the Sertão Stage 4 orebody (now called Rio do Ouro) to the west of previously mined Stage 4 open-cut pit. OST012 assays were requested to be processed as a high priority to allow the assays to be analysed with OST001 to confirm the priorities for ongoing drilling program to the west of Sertão Stages 4 and 5. To date the OST001 assays have not been received. Examination of current and historic drill core indicate the presence of a fault running south-southwest to north-north-east along the western edge of the old Sertão mine. It is assessed that the fault in this area has resulted in the dislocation of the high grade ore shoots by approximately 25m and have previously caused the difficulty in proving continuation of the high grade mineralization to the west of the Sertão Mine. Current drilling is underway to test the eastern extension to the old Sertão Stage 5 ore body with two shallow programmed Diamond Drill Holes (OST013 and OST014). Historic drilling had tested for extension of the Sertão Stage 5 orebody directly to the east of the previously mined section of the old Sertão Stage 5 pit, however; no allowance was made for potential offsetting of the orebody due to additional faults in this area. Initial examination of the drill core from OST013 is encouraging and are currently being prepared for dispatch for assay. | |
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