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Orion Gold NL
Summary
| Project: | Prieska Mine | |
|---|---|---|
| Deposit: | Prieska Mine | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold | |
| Date: | 7/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2016: Orion Gold NL announces an Exploration/Drilling Update report for its Prieska Mine deposit at the Prieska Mine project. Drilling results incl. 22m 10.8% Zn, 1.38% Cu, 0.3g/t Au from 57m. Orion Gold NL (ASX: ORN) is pleased to advise that it has | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Errol Smart (Internal) | |
| ABSTRACT: | Orion Gold NL (ASX: ORN) is pleased to advise that it has made a strong start to its maiden drilling program at the historical Prieska Copper Mine ZincCopper Project (PC Project) in South Africa, with initial assays including some outstanding zinc and copper grades. The Prieska Copper Mine, which is now a key part of Orion’s emerging mineral portfolio within the Areachap Belt in the Northern Cape of South Africa, 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 Zinc-Copper Project covers unmined dip and strike potential which has been previously delineated by extensive drilling and geophysics. The current drilling program is designed to confirm, in-fill and extend historical drilling at the +105 Exploration Target (Figure 1, Table 1). To date, 14 holes have been completed for 909m drilled and results have been received from the first six holes. Drilling to date has intersected high grade zinc-copper mineralisation principally hosted in massive and semi-massive sulphides (Figure 2). While oxide mineralisation is intersected from 0-40m vertical depth, zonation in grade and metal content (refer intercepts above) are encountered as expected. Grades of both copper and zinc are most elevated in the supergene and primary sulphides, which have been intersected below 40m depth, with some outstanding individual assays such as 21.7%, 21.0% and 18.1% zinc (OCOR016, 64 – 67m; refer Appendix 2) and 7.49%, 7.39% and 7.31% copper (OCOR017, 63-66m; refer Appendix 2). The oxide mineralised zone, directly up dip of the sulphide interface, appears to be strongly leached. | |
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