Ora Gold (ASX: OAU) has announced ‘excellent’ gold intersections following an AC drilling program across the Transylvania, Kingswood, and Crown Prince East gold prospects within its Garden Gully Project in Western Australia.
Assays returned grades of up to 13.8g/t Au, with key results from Transylvania including:
- Hole OGGAC431: 26m @ 2.30g/t Au from 26m; including
- 7m @ 5.36g/t Au from 31m
- Hole OGGACRC425: 7m @ 2.01g/t Au from 9m; including
- 3m @ 4.04g/t Au from 10m
Additional grades from Kingswood include:
- Hole OGGAC410: 10m @ 1.24g/t Au from 46m; including
- 2m @ 4.08g/t Au from 48m
- Hole OGGAC413: 15m @ 1.97g/t Au from 51m; including
- 1m @ 13.8g/t Au from 45m
Addressing the results, Ora Gold Chairman Rick Crabb said: “We are very encouraged by these results as the majority of the gold intercepts are at shallow depth and mineralisation remains open with strong potential for open pit development.
We are particularly excited about the Company’s first drilling of the Kingswood Prospect within the Abernethy Shear Zone, which is a large 7-kilometre-long mineralised structure incorporating tonalite intrusive.
“We are very encouraged by these results as the majority of the gold intercepts are at shallow depth”
The Transylvania prospect is now shaping up for the resource drilling and the Company’s first drilling on the Crown Prince East gold prospect was successful in intersecting mineralisation in the same area as previous explorers (8m @ 2.89g/t Au from surface CKAC018 – Doray Minerals Limited).
Our drilling continues to show the potential of the Garden Gully Gold Province to build on the existing resource at the Crown Prince mining lease. The main near-surface targets are open-ended shallow mineralisation on the Lydia mining lease, Transylvania and the Abernethy Shear Zone and the large targets in the deeper gold mineralisation in the primary zone under these prospects.”
Ora believes that these results highlight the potential for open pit development, with the majority of gold intercepts being recorded at shallow depth, and mineralisation remaining open.
The company also reports that mineralisation within the Abernathy Shear Zone is completely concealed, where gold mineralisation has been reported to be in contact with an intrusive tonalite along a strike length of over 7km.
Map of Ora Gold’s Garden Gully Project with key prospects highlighted in redFurthermore, the recent drilling at the Transylvania prospect was conducted to follow up previous gold intersections and have reported gold intercepts hosted in a ‘well-defined’ shear zone.
The Crown Prince East Prospect returned highly arsenic levels within the deep saprolite zone, however only several narrow intervals of gold mineralisation were intersected.
With the AC drilling campaign complete, ORA reports that it will move forward with deeper RC drilling at its Crown Prince East prospect to properly test the gold and arsenic anomaly, while a gravity survey is planned for the Kingswood prospect.
Images: Ora Gold Ltd
