OreCorp (ASX:ORR) announces that it has commenced a ‘large’ follow-up drilling campaign at its Nyanzaga Gold Project in Tanzania.
The drilling campaign, comprising 15 reverse circulation (RC) drillholes, four diamond, and 265 aircore drillholes for 17,760m, has been designed to test the deeper feeder structures at the Kilimani Deposit.
OreCorp also notes that the planned diamond drillholes will be undertaken with the goal of improving confidence in the project’s underground design west of the Nyanzaga Deposit, with one drillhole being used to confirm the location of untested host sequences.
The planned diamond drillholes will be undertaken with the goal of improving confidence in the project’s underground design
In addition, the proposed 265 aircore drillholes will take place immediately west and northwest of the special mining licence area, which the company believes hosts ‘significant’ potential for new discoveries.
OreCorp adds that it continues to work closely with the Government of Tanzania in order to enable the progression of the project and deliver the nation’s first new ‘large-scale’ gold mine in a decade.
The Nyanzaga Project is located about 60km southwest of the city of Mwanza within the Lake Victoria Goldfields of Tanzania and covers a total land area of 23.4km-square.
The project comprises a special mining licence that encompasses the Nyanzaga and Kilimani deposits, as well as other exploration prospects.
The project currently boasts a 2012 JORC-compliant Mineral Resource Estimate (MRE) of 23.7Mt @ 4.0g/t Au for 3.07Moz using a 1.5g/t lower cut-off.
OreCorp reports that the recently started drilling program will take about four months to complete, however, will aid in the progression of delivering the project as the country’s first new gold mine for the benefit of all stakeholders.
Images: Orecorp Ltd
