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Finance Investment, Oil Mining Resources

Ora Gold (ASX: OAU) – Further High-Grade Gold Intersections Received from Drilling at Crown Prince

Ora Gold Limited (ASX: OAU) 2 mins read

Ora Gold Limited (ASX: OAU), a mineral exploration and development company, is thrilled to announce the receipt of further high-grade gold intersections from its recent drilling activities at the Crown Prince Prospect, part of the Garden Gully Project.

The latest phase of RC (Reverse Circulation) and DD (Diamond Drilling) at the SEB1 zone has yielded significant results, underlining the prospect's potential as a key growth area for gold resources. The Crown Prince Prospect, encompassing the SEB1 and MOB2 mineralised zones, continues to demonstrate its value with these latest findings.

Key Highlights of the Drilling Results:

  • The assay results from the recent drilling phase have revealed further high-grade gold mineralisation, extending down dip from previously reported intersections.
  • Notable new intercepts include:
    • 1m at 69.3g/t Au from 226m
    • 1m at 18.07g/t Au from 203m within a broader intercept of 9m at 4.46g/t Au from 202m
    • 1.55m at 7.7g/t Au from 192.15m in drill hole OGGRCDDRC586
    • 11m at 3.93g/t Au from 114m in OGGRC606
    • 2m at 6.36g/t Au from 135m in OGGRC612
  • These results pertain to a series of holes drilled in October 2023.
  • Assays for an additional 45 holes, totaling 4,332m drilled in November 2023, are currently pending.

The drill hole OGGRCDD586 is of particular interest as it successfully targeted depth extensions in the hinge zone of SEB mineralisation. This zone, which plunges towards the south-west, remains open at depth below the intersection recorded at 226m down hole.

Further Details and Documentation:

The assay results and detailed information regarding the drilling activities are comprehensively presented in Appendix 1 and illustrated in Figures 2-3 of the announcement. Additionally, RC and DD hole details are available in Table 1 for reference.

Ora Gold Limited remains committed to advancing the Crown Prince Prospect and is optimistic about the future prospects of the Garden Gully Project. The company eagerly anticipates the results of the pending assays and is dedicated to further exploring the potential of this significant gold resource.

Alex Passmore Ora Gold’s CEO commented: “We are very pleased with the assay results from Ora’s RC and DD drilling program targeting depth extensions at SEB which continues to demonstrate further highgrade gold mineralisation at depth. We look forward to following up with further extensional drilling which is focused on adding to the known strike and depth extent of Crown Prince.”


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

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