Skip to content
Finance Investment, Oil Mining Resources

Ora Gold (ASX: OAU) Crown Prince Delivers Further High Grade Gold Results

Ora Gold Limited (ASX: OAU) 2 mins read

Ora Gold Limited (ASX: OAU), a leading gold exploration company, today announced further exploration results from the Crown Prince Prospect (M51/886). The Crown Prince Prospect is a prominent high-grade gold deposit situated within Ora Gold’s Garden Gully Project, a mere 22km north-west of Meekatharra. Accessibility is facilitated through the Great Northern Highway and the Mt Clere Road.

Key Points:

  • The recently conducted RC drilling at Crown Prince Prospect showcases promising high-grade results from both Main Ore Body (MOB) and the South Eastern Ore Body (SEB) mineralised zones. The zones remain open at depth, implying a rich potential for future discoveries.

  • New gold intercepts feature:

    • 40m at 16.22g/t Au from 75m, and notably, 10m at 46.24g/t Au from 95m in OGGRC556 (MOB).
    • An array of impressive results from SEB drilling, including the deepest mineralised intersection in OGGRC551 at 150m, marking a significant point of interest.
  • Enhanced understanding of SEB’s geological makeup shows a lengthy easterly limb striking north-east and dipping sharply to the south-east.

  • While results for two diamond holes (OGGDD524 and OGGDD538) at SEB didn't hit the expected targets, the company is undeterred and plans for follow-up drilling to capitalize on potential findings.

In line with its expansionary vision, Ora Gold recently heralded the acquisition of the Murchison Project from Sipa Resources Ltd. Positioned within the same greenstone belt, this addition will approximately triple the company's existing holding size. The Crown Prince prospect remains a central focus and has consistently shown promise as a gold resource growth area, with both MOB and SEB zones yielding recent high-grade results.

Alex Passmore, Ora Gold’s CEO, expressed his satisfaction, stating: "We are very pleased to report additional high-grade results from drilling at both the SEB and MOB zones of mineralisation. A highlight from these results is a high-grade intercept in OGGRC551 at 150m, which is the deepest mineralised intersection returned from SEB to date. This provides us with strong confidence regarding the down dip and plunge continuity of this exciting new ore body. Furthermore, the presence of high-grade mineralisation on the northern flank of MOB solidifies our belief that this area is poised to add gold ounces to the company’s inventory, and it's likely to enhance the economics of any open pit mining in this area”.


About us:

Ora Gold Limited (ASX: OAU) is a mineral exploration and development company which holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Business Company News, Oil Mining Resources
  • 15/07/2024
  • 13:31
Jane Morgan Management

Galan Lithium Limited (ASX:GLN) Announces At-the-Market Raise

Perth, Australia – 15 July 2024 |Galan Lithium Limited (ASX: GLN)is pleased to announce that it has successfully raised $1,100,000 through its At-the-Market Subscription Agreement ("ATM") with Acuity Capital. This funding will be directed towards the further development of its Hombre Muerto West lithium brine project in Argentina and for working capital purposes. Key Highlights: Successful Fundraising: Galan has utilised its ATM with Acuity Capital to raise $1,100,000 by issuing 7,050,000 fully paid ordinary shares at an issue price of $0.156 per share. Strategic Development Funding: The funds will support the ongoing development of the Hombre Muerto West lithium brine…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 15/07/2024
  • 13:20
Jane Morgan Management

American Rare Earths Ltd (ASX:ARR) Commences 2024 Drilling Campaign at Cowboy State Mine Area

Sydney, Australia – 15 July 2024 | American Rare Earths Limited (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY)is pleased to announce the commencement of its 2024 drilling campaign at the Cowboy State Mine ("CSM") area. This strategic initiative aims to upgrade resource estimates and gather critical data for advancing mine planning and prefeasibility analysis. Key Highlights: Drilling Overview: The 2024 drilling campaign includes 23 planned holes—11 core holes and 12 reverse circulation ("RC") holes—totaling approximately 2,670 metres (8,760 feet). The core holes will drill around 1,590 metres (5,217 feet), while the RC holes will cover about 1,080 metres (3,543…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 15/07/2024
  • 13:03
Jane Morgan Management

Arizona Lithium Limited (ASX:AZL) Discovers New Lithium Enriched Formation at Prairie Project

Perth, Australia – 15 July 2024 | Arizona Lithium Limited (ASX: AZL, AZLO, AZLOA | OTC: AZLAF), a company focused on the sustainable development of two large lithium projects in North America, is excited to announce a significant lithium discovery at its Prairie Lithium Project in Saskatchewan, Canada. This discovery is a testament to the Company’s strategic and diligent exploration efforts. Key Highlights: New Lithium Discovery: Lithium-enriched samples of 86 mg/L Li have been identified in the Souris River Formation at Pad #1 at the Prairie project. Souris River Formation: This formation lies directly below the Duperow Formation across the…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.