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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Rok Optel | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 10/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2018: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Rok Optel deposit at the Prieska project. Drilling results incl. 8.99m @ 0.16% Cu, 0.24% Ni, 0.016% Co, 0.22g/t 2PGE+Au from 201.05m. Orion’s Managing Director and CEO | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Hornsey (Independent) | |
| ABSTRACT: | Orion’s Managing Director and CEO, Errol Smart, commented: “The Rok Optel target – which forms part of our regional exploration program in the Areachap Belt outside of our flagship Prieska development project – is continuing to emerge as a very promising Ni-sulphide project. The vein, stringer and massive sulphides intersected in recently-completed diamond hole OROD003 can be correlated with the mineralisation intersected previously in drill holes OROD001 and OROD002, confirming the potential scale and significance of the target, which we now recognise as having an extensive and complex multi-phase intrusive history. The identification of magmatic sulphide veins injected into the country rock is also particularly encouraging as it highlights the potential to discover bulk massive sulphide mineralisation. We are eagerly awaiting the assay results so that modelling can be refined and drilling can continue.” Orion Minerals Limited (ASX/JSE: ORN) (Orion) is pleased to provide an update on its ongoing regional exploration program at the Rok Optel Ni-Cu-Co-PGE target, located on the Namaqua and Disawell prospecting rights (Disawell) in the Areachap Belt, South Africa (Figure 1). Rok Optel is located ~80km north-west of the flagship Prieska Zinc-Copper Project. Diamond drill hole OROD003, which was designed to target a 10,500S down-hole, electro-magnetic (DHEM) conductor (also tested by hole OROD001), has been completed to a depth of 532.73m (Figure 2). The hole intersected three significant zones of magmatic sulphide mineralisation, all of which are characterised by the presence of sulphide veins injected into both the host country rock (Appendix 1, A1) and the intrusion. Magmatic sulphide mineralisation is present within the lower two intrusions. The uppermost intrusion hosts sulphide mineralisation from 361.98m to 415.78m, including a well-mineralised zone from 397.29m to | |
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