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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Prieska | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 7/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-7-2017: Orion Minerals Ltd. announces an Exploration/Drilling Update report for its Prieska deposit at the Prieska project. Drilling results incl. 22.45m @ 1.34% Cu, 5.33% Zn, 0.26g/t Au, 10.60g/t Ag from 1060.0m. Orion Minerals NL (ASX: ORN) (Orion or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Errol Smart (Internal) | |
| ABSTRACT: | Orion Minerals NL (ASX: ORN) (Orion or the Company) is pleased to announce the assay results from the maiden Orion drill hole into the Deep Sulphide Target at its Prieska Zinc-Copper (PC) Project in South Africa. Assays from drill hole OCOD048 returned 22.45 metres (m) at 5.33% Zn, 1.34% Cu, 0.26g/t Au and 10.60g/t Ag from 1060m (refer Figures 1 and 2, Appendix 1 and Appendix 2). Drilling to further extend and validate the mineralisation previously reported and along strike is continuing with a further six holes currently in progress (Figures 3 and 4). The program (refer ASX release 9 May 2017) is designed to systematically test and confirm the extensive historical drilling data (refer ASX release 18 November 2015) with the aim of underpinning a maiden JORC compliant Mineral Resource estimate by Q1 2018. This will be fed into the recently commenced Bankable Feasibility Study (refer ASX release 11 July 2017). “The high grade assay results are the first step in the validation of the Prieska Zinc-Copper Project’s historical drill database and pleasingly confirm Orion’s due diligence process. We continue to rapidly progress the de-risking process at Prieska as we validate the historical database and target upside opportunities to further enhance the prospective returns for all stakeholders.” | |
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