THE DRILL SERGEANT: Ora Banda Mining (ASX: OBM) released new assay results for the Golden Eagle deposit, located within the company’s Davyhurst gold project in Western Australia.
New assay results returned from Golden Eagle Underground diamond drilling include:
19 metres at 5.4 grams per tonne gold, including 11.1m at 8.9g/t gold;
5.8m at 15g/t gold, including 5.5m at 16g/t gold;
14.6m at 4.8g/t gold, including 14.2m at 4.9g/t gold;
7.3m at 9.4g/t gold;
13.8m at 4.1g/t gold, including 4.6m at 9.5g/t gold; and
4.3m at 5.5g/t gold.
Assay results for 17 diamond drill holes remain outstanding.
The company explained the Golden Eagle underground diamond drilling was aimed at infilling and extending the declared mineral resource of 393,000 tonnes at 3.9g/t gold for 49,000 ounces.
The drilling continues to support pre-mining expectations for the North Shoot and is expected to provide geological information into the remodelling of the Southern Mining Area.
“We are currently developing northwards on the 310 Level towards some of these very strong results (19m at 5.4g/t gold and 14m at 4.8g/t gold) and are certainly looking forward to mining this high-grade area in the near term,” Ora Banda Mining managing director David Quinlivan said in the company’s ASX announcement.
“The Southern Mining Area has also yielded some strong results which our geology team are currently remodelling.
“The flatter folded ore lode geometry in this area is a new and potentially significant development and we are currently looking at ways to better target this flatter ore zone in future mining programs.”