Ora Gold (ASX:OAU) reports further ‘high-grade’ gold intercepts from a limited number of assay results received so far from a recent reverse circulation (RC) drilling program at the Crown Prince Gold prospect (M51/886).
The best intercepts returned from South-Eastern Ore Body (SEB) include 33m @ 12.72g/t Au from 57m in OGGRC461, including 17m @ 24.40g/t Au from 67m with outstanding high grades of 73.5g/t Au (71-72m); 67.06g/t Au (76-77m); 128.2g/t Au (80-81m) and 62.17g/t Au (81-82m).
The company’s share price soared by 50% on the ASX today (8 May 2023) on the back of the news.
The drillholes were designed to test extensions to mineralised zones along strike of known mineralisation (to the north-west and south-east) and the down-dip potential of the main orebody below a previously designed pit (75m depth) outlined in Ora’s 2019 Scoping Study.
The company reports the Crown Prince south-east extension appears to be a new standalone discovery within this area.
The Crown Prince prospect is a ‘high-grade’ gold deposit within Ora Gold’s Garden Gully Project. Crown Prince is located 22km north-west of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road.
An RC drill program was undertaken in April and consisted of 22 reverse circulation holes totaling 2,965m over the north-western, south-eastern, and southern part of the main orebody.
