For thousands of other reports visit RSC's Mineral Intellingence Map
Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Prieska | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 10/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-10-2018: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Prieska deposit at the Prieska project. Drilling results incl. 10.25m @ 1.03% Cu, 3.84% Zn, 0.23g/t Au, 16g/t Ag from 1054.75m. Orion’s Managing Director and CEO, Erro | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: JE Potgieter (Internal) | |
| ABSTRACT: | Orion’s Managing Director and CEO, Errol Smart, commented: “The completion of this major drilling program is a huge achievement and a really important milestone for Orion on our journey to become a substantial new base metal producer in South Africa. The program, which has at times involved up to 18 surface rigs working around the clock over the past 18 months, has been a huge endeavour. I am very proud of the professional and efficient manner in which our exceptional geological team and contractors have executed the drilling program while maintaining an outstanding safety and environmental performance throughout. The program was mainly designed to in-fill the mineralisation within the February 2018 mineral resource footprint with the objective of achieving an upgrade in resource confidence to feed into our Bankable Feasibility Study. The updated resource is now scheduled for mid-December 2018 and the BFS is on track for release in Q2 2019. Importantly, the drilling has also identified very promising possible extensions to the current resource which will be drill tested in coming months to continue probing areas with potential to expand the resource while we complete the BFS.” Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce that it has successfully completed an 85,424m infill and extension drilling program at its Prieska Zinc-Copper Project (Prieska Project), located in the Areachap Belt in South Africa’s Northern Cape Province. The infill drilling program was primarily designed to increase sample density for the Deep Sulphide Mineral Resource, with the objective of upgrading the Inferred Resource reported previously (refer ASX release 9 April 2018) as the foundation for the ongoing Bankable Feasibility Study (BFS) due for completion early next year. With as many as 18 surface diamond drill rigs in operation on the project at the peak of the program, Orion is pleased to announce that, with more than 475,000 hours spent on the project since May 2017, only one lost time injury was reported which was fully investigated, and the appropriate remedial action taken. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report