Ora Gold Intersects New High-Grade Gold at Crown Prince

THE DRILL SERGEANT: Ora Gold (ASX: OAU) reported RC drilling results from the Crown Prince prospect within the company’s Garden Gully gold project near Meekatharra in Western Australia.

Ora Gold has declared the advanced Crown Prince prospect to be a focus area for it to prove up development ready ounces.

Crown Prince comprises the Southeastern and Main Zones as mineralised zones that are close to each other and commence at shallow depths.

The latest RC results from the Southeastern Zone have delivered high-grade gold mineralisation at the eastern end of the ore body and well down dip from previously reported intersections, including:

6 metres at 28.8 grams per tonne gold from 163m, including 2m at 76.62g/t gold from 164m below a higher mineralised zone of 6m at 1.78g/t gold from 124m;

10m at 1.91g/ t gold from 208m; and

4m at 2.08g/t Au from 263m.

“Drilling from the Southeastern Zone continues to show the potential for new high-grade zones to be discovered,” Ora Gold CEO Alex Passmore said in the company’s ASX announcement.

“This area of the resource has previously been modelled as modest grade and width.

“We look forward to incorporating these results which show high grades down the profile with good continuity to depth into an updated Crown Prince MRE, which is expected to be finalised in a few months from now.”

Ora Gold has resource development continuing at Crown Prince with new mineralised zones being drilled out in sufficient detail to be included in an updated resource estimate the company anticipates being ready in the middle of the September quarter.

Preliminary project development work has commenced with key consultants appointed for the preparation of a mining proposal for Crown Prince.

Preliminary work on metallurgy, hydrogeology and geotechnical that the company has already completed is being used to expedite the proposal preparation timeline.