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Finance Investment, Oil Mining Resources

Ora Gold (ASX:OAU) Unveils Further High-Grade Gold Discoveries at Crown Prince Prospect, Garden Gully – Marking a Major Leap in WA Exploration

Ora Gold Limited (ASX: OAU) 2 mins read

18 March 2024 Perth, Australia – WA Gold explorer, Ora Gold Limited (ASX: OAU), is excited to announce the initial assay results from its 2024 RC drilling program at the Crown Prince Prospect, part of the Garden Gully Gold Project. These results have revealed further high-grade gold mineralisation, particularly in the Southeastern Zone (SEZ), marking a significant advancement in the exploration of this key growth area.

The recent drilling campaign, which began in early February 2024, has already delivered promising results, including a standout intercept from drill hole OGGRC662: 

  • 15 meters at 9.91g/t Au from 88 meters, including 2 meters at 54.17g/t Au from 100 meters. 
  • Other notable intercepts include 1 meter at 8.67g/t Au from 276 meters in OGGRC541 and 4 meters at 1.72g/t Au from 172 meters in OGGRC663.

These initial findings are part of the first batch of assays received, with results pending for an additional 39 holes totaling 4,151 meters drilled in February and March 2024.

Alex Passmore, CEO of Ora Gold, expressed his enthusiasm about the results: "We are very pleased with the initial assay results from Ora’s RC drilling program targeting growth at Southeastern Zone which continues to demonstrate high-grade gold mineralisation at depth. We look forward to following up with further drilling which is focused on adding to the known strike and depth extent of Crown Prince."

The Crown Prince Prospect, a focal point for Ora Gold's exploration efforts, has shown significant potential for resource expansion. The high-grade gold assay results, particularly from OGGRC662, indicate depth extensions of the Southeastern Zone mineralisation. This intersection, located at the eastern end of the existing resource model, is expected to enhance the grade profile and extend the strike length of the deposit.

The discovery follows up on previous high-grade intersections, such as the one from OGGSRC563 (12m at 8.26g/t Au from 28m), and underscores the prospect's potential for high-grade gold mineralisation at depth. Further drilling is planned to confirm grades in deeper areas, following the promising results from OGGRC663.


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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