Ora Banda Mining Ltd
Ora Banda Mining (ASX: OBM) is a uniquely positioned gold exploration and development company, and 100% owner of the Davyhurst Gold Project in the highly prospective Eastern Goldfields region of Western Australia.
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Ora Banda Mining receives strong gold results from drilling at Riverina South
Ora Banda Mining Ltd (ASX:OBM) has received further strong high-grade results of up to 12 metres at 6.4 g/t from 56 metres in reverse circulation (RC) drilling at Riverina South deposit of the Davyhurst Project in Western Australia.
The results are from the completed phase two RC drilling program of 68 holes for 7,338 metres and have confirmed an extension to the Riverina Main Lode mineralisation into the Riverina South area.
Mineralisation remains open along strike to the south and at depth and the company is preparing a maiden resource estimate scheduled for delivery next month.
"Solid grades returned"
Ora Banda managing director David Quinlivan said: "We are pleased to see consistent mineralisation and some solid grades returned from RC drilling immediately adjacent to the southern end of the open pit delineated in the DFS, and also at the British Lion prospect."
Within the 12-metre intersection was 7 metres at 10.5 g/t and other strong results include:
- 8 metres at 7.7 g/t from 16 metres, including 4 metres at 14.5 g/t;
- 13 metres at 3.2 g/t from 106 metres;
- 10 metres at 4.1 g/t from 115 metres, including 2 metres at 14.3 g/t;
- 10 metres at 3.9 g/t from 83 metres;
- 12 metres at 3 g/t from 72 metres, including 5 metres at 5.9 g/t;
- 7 metres at 4.6 g/t from 28 metres, including 3 metres at 9.9 g/t;
- 2 metres at 15.9 g/t from 136 metres;
- 6 metres at 3.6 g/t from 47 metres; and
- 1-metre at 20.8 g/t from 77 metres.
Other Ora Banda Mining Ltd news
- Ora Banda director participates in placement, supporting company’s gold strategy
2020-09-17 - Ora Banda Mining directors demonstrate faith in gold strategy through entitlement offer participation
2020-08-04 - Ora Banda Mining awards $10.8 million Davyhurst EPC contract to GR Engineering
2020-07-15 - Ora Banda Mining boosts Davyhurst gold reserves 60% to 330,000 ounces
2020-05-26 - Ora Banda Mining halted with interim ore reserve statement pending
2020-05-25
