Ora Gold Limited (ASX: OAU), a leading Australian gold exploration company, is delighted to report high-grade gold results from the inaugural diamond drilling operation at the South-Eastern Ore Body (SEB) of Crown Prince Gold Prospect (M51/886). The SEB, which hosts the main CVX Lode, continues to evolve as a crucial gold resources growth region at the prospect.
The high-grade intercept from the first drill core confirms that gold mineralization extends below 150m, remaining open and predominantly composed of quartz-carbonate-chlorite-sericite with sporadic pyrite, arsenopyrite, pyrrhotite and traces of galena veinlets. Notably, the drill intercept from OGGDD536 has returned 6.8m @ 17.74g/t Au from 142m, including a significant 1.5m @ 72.75g/t Au from 145.7m.
In addition to the diamond drilling, an ongoing RC Drilling campaign is further delineating the SEB mineralisation between 100m and 300m vertical depth. The resulting data will be integrated into an updated resource model, further enhancing Ora Gold's robust gold prospects.
Located 22km northwest of Meekatharra in Western Australia, the Crown Prince Prospect is a high-grade gold deposit within the expansive Garden Gully Project. Assay results from one diamond drill hole have been returned, while results from three more are awaiting delivery from Perth.
These initial results are pivotal in indicating the new down-dip extension of high-grade gold at SEB, providing crucial support to the new structural interpretation for mineralized shoots at Crown Prince.
Ora Gold is also planning additional drilling operations to further define the SEB zone of mineralisation to north-east and south-westerly down dip. The focus will be on RC and diamond core drilling at a depth of 100m to 300m below the surface. The initial resource interpretation for SEB is underway and will be incorporated in the broader Crown Prince resource estimate update scheduled for the third quarter of 2023.
About us:
About Ora Gold:
Ora Gold Limited (ASX: OAU) is an Australian-based gold exploration company with several key projects in Western Australia. Ora Gold is committed to unlocking the potential of its current operations while exploring new prospects for future growth.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
