Ora Banda Mining Limited (ASX:OBM) has reported results including the intersection of “significant mineralisation” from first pass exploration drilling, focused on gold targets with no previous drilling or effective exploration throughout the company’s tenement package.
The program included a total of 16,112 metres of drilling, completed to blade refusal. 6,027 metres are currently awaiting assay return, with results already received for the Sunraysia North, Gem Star North, Santalum and Queen of Hearts prospects.
Key results include:
- Sunraysia North
- 10.0m @ 2.22 g/t Au from 52.0m to end of hole
- 19.0m @ 0.89 g/t Au from 36.0m to end of hole
- 9.0m @ 0.54 g/t Au from 52.0m to end of hole
- 7.0m @ 0.71 g/t Au from 56.0m to end of hole
- Santalum
- 16.0m @ 1.20 g/t Au from 12.0m
- Gem Star North
- 4.0m @ 1.82 g/t Au from 36.0m
- 5.0m @ 0.63 g/t Au from 36.0m to end of hole
Exploration drilling campaign
Gold mineralisation was intersected in three of four targets, which the company states is “highly significant” for a first-pass drill program. “Standout” results were received from both Sunraysia North and Santalum.
Drilling at Sunraysia North targeted the southern continuation of the Riverina & British Lion mineralised trend, where no exploration had previously been carried-out. Mineralisation remains open along strike to the north and south.
Santalum drilling tested an undrilled surface geochemical anomaly, detected via auger drilling, in the southern region of the interpreted Round Dam mineralised trend. One hole on the most northern line yielded significant gold mineralisation, which remains open to the north.
The company has reported that follow-up AC and RC drilling is planned to reinforce results.
“These first pass drilling results are outstanding in that they have intersected significant gold mineralisation in previously untested areas”
Management comments
Ora Banda Managing Director Peter Nicholson said: “These first pass drilling results are outstanding in that they have intersected significant gold mineralisation in previously untested areas. The objective of first pass programs is to vector in on areas of interest. We may have drilled a discovery hole at Sunraysia North and at Santalum. There is now 1,200 metres of prospective strike to explore at Sunraysia North with something similar at Santalum. We look forward to seeing what the follow-up drilling campaign, scheduled to commence later in the year, may deliver.”