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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Prieska | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-7-2018: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Prieska deposit at the Prieska project. Drilling results incl. 23.06m @ 1.35% Cu, 2.70% Zn, 0.31g/t Au, 12g/t Ag from 1088.62m. Orion’s Managing Director and CEO, Errol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: JE Potgieter (Internal) | |
| ABSTRACT: | Orion’s Managing Director and CEO, Errol Smart, commented on the results: “We continue to be pleased with the progress on the Prieska Project resource drill out. Feasibility work, including provisional mine development layouts are reaching advanced stages and await the final block model which will be finalised when drilling is completed. The block plans and mine layouts will then be fed into mine scheduling software to optimise the extraction plan and mine financial model. We are on track to complete the BFS in late 2018 or early in the new year.” Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce that the Mineral Resource drill-out at the Prieska Zinc-Copper Project (Prieska Project) is progressing well. Eighteen diamond drill rigs are currently deployed for infill drilling to increase sample density in the Deep Sulphide Mineral Resource, with the objective of achieving an updated Mineral Resource estimate, including upgrade in resource categories in Q4 2018. Since drilling commenced in May 2017, Orion has completed 31 mother holes and 37 deflections into the Deep Sulphide Target (Figure 1). Analytical results for one mother intersection and one deflected intersection are awaited. Drilling is continuing with 12 mother holes and two deflected holes currently in progress on the Vardocube Prospecting Right, while one mother and three deflected holes continue to test the steep dipping area on the Repli Prospecting Right. | |
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