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Orion Minerals Ltd.

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Summary

Project:

Prieska

Deposit:Prieska
Location:South Africa
Commodities:Copper-Zinc-Gold-Silver
Date:12/12/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:12-12-2017: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Prieska deposit at the Prieska project. Drilling results incl. 26.17 @ 1.31% Cu, 6.51% Zn, 0.26g/t Au, 13.8g/t Ag from 1103.63m. Orion Minerals NL (ASX/JSE: ORN) (Orio
Resources:x
CP/QP:[Overall Report]: Errol Smart (Internal)
ABSTRACT:Orion Minerals NL (ASX/JSE: ORN) (Orion or Company) is pleased to announce that recent assay results received provide further encouragement for extensions to thick zones of Zn-Cu massive sulphide mineralisation beyond those presented in historic mine planning records at the Prieska Zinc - Copper Project (Prieska Project). These intersections build on the success of drilling conducted since May 2017 and have validated Orion’s electromagnetic targeting model, with hole OCOD087 successfully testing a defined target. A total of 44 intersections have now been completed by Orion at vertical depths of 974m – 1193m below surface, including 11 intersections drilled for the collection of samples for confirmatory metallurgical test work. “We continue to be pleased with drilling and exploration results at the Prieska Project. While drilling within the confines of historically drilled mineralisation continues to verify the grade and width as historically reported, drilling on strike and dip extensions is intersecting significant extensions to known mineralisation, which has potential to rapidly increase the tonnages to be included in the resource estimate and BFS currently underway. Most pleasing are the assay results from mineralisation associated with EM conductors, highlighting the potential for modern exploration techniques to make new discoveries both at the Prieska Project and in the Areachap Belt.” Errol further commented that “The rapid deployment for and successful execution of a technically challenging drill program using cost effective local equipment, contractors and staff, attests to the benefits of operating in a sophisticated mining destination like South Africa.”

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