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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Prieska | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2018: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Prieska deposit at the Prieska project. Drilling results incl. 15.92m @ 5.55% Zn, 0.95% Cu, 0.22g/t Au, 8g/t Ag. Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Errol Smart (Internal) | |
| ABSTRACT: | Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce further encouraging results from drilling at the Prieska Zinc-Copper Project (Prieska Project). Drill hole OCOD087_D2, drilled on the south-west margin of the NW Trough Target, intersected 14m of mineralised massive sulphide (containing mixed, fine to coarse grained cumulates and veinlets of metal sulphide minerals typically of composition pyrite > pyrrhotite > sphalerite > chalcopyrite with combined content >40%). This intersection confirms that the thick massive sulphide mineralisation included in the Inferred Resource reported in the ASX release on 8 February 2018, is open down-dip and to the south-west and emphasises potential to increase the current Mineral Resource in the NW Trough Target area. “We continue to be pleased with the drilling and exploration results at the Prieska Project. While the area initially targeted has yielded greater tonnages than anticipated, our drilling continues to discover significant extensions of thick massive sulphide mineralisation, which remains open down dip.” Orion has now completed 56 intersections from 24 mother holes into the Deep Sulphide Target. The intersections have been achieved at vertical depths of 974m – 1,193m and have required 9,462m of percussion pre-collar and 33,713m of diamond drilling. All completed intersections are now reported, while 5 holes are currently in progress testing up-dip extensions. | |
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