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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Prieska | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 2/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-2-2018: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Prieska deposit at the Prieska project. Drilling results incl. 12.62m @ 2.94% Cu, 3.33% Zn, 2.19g/t Au, 30g/t Ag from 999.42m. Orion Minerals NL (ASX/JSE: ORN) (Orion or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Errol Smart (Internal) | |
| ABSTRACT: | Orion Minerals NL (ASX/JSE: ORN) (Orion or Company) is pleased to announce that a recent thick, high grade massive sulphide intersection with particularly high grade copper, gold and silver mineralisation provides encouragement for discovery of further extensions to the already extensive mineralisation at the Prieska ZincCopper Project (Prieska Project). Drill hole OCOD068_D3, drilled on the southern margin of the Northern Western (NW) Trough target intersected mineralisation and alteration indicative of a feeder zone or proximal depositional vent, rather than the previously interpreted distal margin of the Volcanogenic Massive Sulphide (VMS). Orion’s geological team is assessing the potential for the use of Down Hole Electro - Magnetic (DHEM) surveys which have proven successful in discovering extensions in the northern area of the target in order to trace extensions on this new southern margin of the target. “We continue to be pleased with the drilling and exploration results at the Prieska Project. While the area initially targeted has yielded greater volumes of massive sulphide than anticipated, allowing us to progress an initial Mineral Resource estimate, we have also intersected very positive geological indicators for potential discovery of significant extensions and high grade zones.” He further commented “That with less than 73% of the original target now drilled we are confident that we will substantially exceed our original expectations.” | |
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