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:
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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.
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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.
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Enhanced understanding of SEB’s geological makeup shows a lengthy easterly limb striking north-east and dipping sharply to the south-east.
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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
