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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Ayoba | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 1/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2019: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Ayoba deposit at the Prieska project. Drilling results incl. 9.50m @ 0.93% Zn, 0.63% Cu, 0.22g/t Au, 2g/t Ag from 654.0m. Orion’s Managing Director and CEO, Errol Smart | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: JE Potgieter (Internal) | |
| ABSTRACT: | Orion’s Managing Director and CEO, Errol Smart, commented: “We now have confirmation via analytical results of a new VMS discovery in a completely new satellite position at the Ayoba Prospect, just 5.3km from the main Prieska Resource. This is the first new VMS discovery in the Areachap Belt in over 36 years and highlights the enormous upside over and above the large, high-quality Mineral Resource we have already defined. The early success of our near-mine exploration program validates our exploration approach at Prieska, which is based on the application of modern geophysical techniques to unlock the potential of this emerging VMS camp. Our focus is on bringing Prieska into production as quickly as possible, based on the parameters outlined in the positive Scoping Study released in December 2018. The Bankable Feasibility Study is already well advanced and on track to be completed in Q2 2019. While our engineering and development team is focusing on the delivery of the Project, our exploration team will pursue the multiple emerging opportunities on the exploration front – establishing a growth pipeline that can leverage off the infrastructure we build at Prieska.” Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) is pleased to announce that analytical results have confirmed the discovery of a new VMS zinc-copper-bearing massive sulphide body at the Ayoba Prospect, located just 5.3km south-west of the Company’s flagship Prieska Zinc-Copper Project (Prieska Project or Prieska Deposit) in the northern Cape region of South Africa. | |
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