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Orion Gold NL
Summary
| Project: | Prieska Mine | |
|---|---|---|
| Deposit: | Kantienpan | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 9/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-9-2016: Orion Gold NL announces an Exploration/Drilling Update report for its Kantienpan deposit at the Prieska Mine project. Drilling results incl. 7m @ 6.44% Zn, 0.43% Cu from 60m. Orion Gold NL (ASX: ORN) is pleased to advise that following positive | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Errol Smart (Internal) | |
| ABSTRACT: | Orion Gold NL (ASX: ORN) is pleased to advise that following positive initial results from its maiden drilling program at the Kantienpan Deposit, it has exercised the Option it holds with Masiqhame Trading 855 Pty Ltd (Masiqhame), for Orion to acquire an initial 50% interest in Masiqhame. Masiqhame holds a large prospecting right located 80km north of the historical Prieska Copper Mine Zinc - Copper Project at Copperton in which the Kantienpan Deposit lies, along with a number of other recorded zinc-copper occurrences. The Kantienpan Deposit was discovered by Iscor with a total of 14 historical diamond core holes for 3,199m previously drilled (Figure 2, ASX Release 31 May 2016). Drilling at the Kantienpan Deposit was curtailed soon after discovery, due to a corporate decision by Iscor to stop all exploration and focus on iron ore production. The current drilling program is designed to test strike and depth extensions to mineralisation at the Kantienpan Deposit, which is open to the south and north as well as down dip. In addition, certain holes will be drilled as confirmatory test of historical drilling. OKNR014 was drilled to test the southern extension of mineralisation from historical drill hole KN005, and is located 50m south of that hole (Figure 2). Assays have been received from massive sulphides intersected in that hole with an intersection of 7m at 6.44% Zn and 0.43% Cu from 60m including 3m at 7.94% Zn from 63m (Appendix 1 and 2). | |
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