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Orion Minerals Ltd.
Summary
| Project: | Prieska Mine | |
|---|---|---|
| Deposit: | 105 Level | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 5/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-5-2017: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its 105 Level deposit at the Prieska Mine project. Drilling results incl. 11.53m @ 3.23% Zn, 0.97% Cu, 0.22g/t Au, 8.8g/t Ag from 187.76m. Orion Minerals NL (ASX: ORN) (Or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Errol Smart (Internal) | |
| ABSTRACT: | Orion Minerals NL (ASX: ORN) (Orion or the Company) is pleased to provide an update on activities at the Prieska Zinc-Copper Project in South Africa (PC Project). Orion completed the acquisition of the PC Project in March 2017 for an effective 73.33% interest and is in full compliance with South African Black Economic Empowerment legislation. Orion is targeting dip and strike extensions to historical underground mining areas at the PC Project, with mineralisation having previously been delineated by extensive drilling and geophysics by previous owners. The ongoing drilling program at the +105 Target is designed to confirm, in-fill and extend the historical drilling, targeting mineralisation that would be amenable to open pit mining (Figures 1 - 4). Assays have been received from diamond drilling completed between January 2017 and March 2017. The holes were designed to test areas up-dip from historical mining areas. The drilling of the +105 Level Target has tested mineralisation both to the north-west of the area affected by sinkholes and also in the south-eastern area, where the mineralisation is impacted by mining related subsidence or sinkholes, making drilling problematic. Diamond drilling at the +105 Level Target is utilising an innovative shallow drilling method to drill holes to test mineralisation up-dip of historical underground mining. By utilising inclinations of between 15 and 30 degrees from the horizontal, the holes can be planned to intersect the mineralisation at targeted elevations. Modelling of the mineralisation intersected in the drilling is now underway with the objective of producing a maiden JORC Mineral Resource to underpin pre-feasibility studies with a target completion date of late 2017. | |
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