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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Prieska | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 7/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2017: 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 that underground drilling has commenced at its Prieska Zinc-Copper (Prieska) Project in South Africa. The underground drilling is targeting mineralisation at the shallow +105 Level (Open Pit) Target. Drilling in 2016 successfully delineated a near surface supergene sulphide zone at this target. The current drill program aims to infill and extend mineralisation drilled from surface, utilising newly re-established underground access (Figure 1). Assay results have been received for the second hole drilled at the Deep Sulphide Target with OCOD052 confirming the presence of mineralisation ~100m along strike from the previously drilled mineralisation. The strike extension is consistent with Orion’s geological model and has the potential to significantly increase the scale of the Prieska Deep Sulphide target. The hole returned 16.15m at 3.30% Zn, 1.72% Cu, 0.26g/t Au and 13.72g/t Ag from 1116m (refer Figures 5 and 6, Appendix 1 and Appendix 2), including a high grade zone of 4m at 5.34% Zn from 1119m. “Prieska’s site team has generated significant momentum with surface drilling, underground drilling and underground works, all now in progress. The latest assay results are particularly pleasing as they confirm extensions to defined mineralisation and highlight the potential for a significant increase in the size of the Deep Sulphide project.” | |
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