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Orion Gold NL
Summary
| Project: | Prieska Mine | |
|---|---|---|
| Deposit: | Prieska Mine | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold | |
| Date: | 8/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2016: Orion Gold NL announces an Exploration/Drilling Update report for its Prieska Mine deposit at the Prieska Mine project. Drilling results incl. 20m @ 8.58% Zn, 2.21% Cu, 0.3g/t Au from 48m. Orion Gold NL (ASX: ORN) is pleased to advise that it h | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Errol Smart (Internal) | |
| ABSTRACT: | Orion Gold NL (ASX: ORN) is pleased to advise that it has received further excellent results from its ongoing maiden drilling program at the historical Prieska Copper Mine Zinc-Copper Project (PC Project) in South Africa, with drilling continuing to intersect wide zones of high grade zinc-copper mineralisation and work underway on a maiden Mineral Resource estimate. The PC Project, over which Orion holds an option (refer ASX release 13 May 2016) is a key part of the Company’s emerging mineral portfolio within the Areachap Belt in the Northern Cape of South Africa. The PC Project is recorded as one of world’s 30 largest Volcanogenic Massive Sulphide (VMS) base metal deposits, with recorded historical production of 0.43Mt of copper and 1Mt of zinc from 46.8Mt of sulphide ore milled(1) . The PC Project covers unmined dip and strike extensions of the ore mined historically and has been previously delineated by extensive drilling and geophysics. The current drilling program is designed to confirm, in-fill and extend the historical drilling at the +105 Level Exploration Target, where it is targeting mineralisation that would be amenable to extraction via open pit (Figure 1, Table 1). To date, 18 RC holes have been completed by Orion for 1,283m drilled, with results now received from the first 10 completed holes. | |
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