Orion Gold encounters wide Fraser Range nickel

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THE DRILL SERGEANT: Orion Gold (ASX: ORN) has received the first analytical results from its 2014 RC drilling program at the Peninsula project, located within the company’s Fraser Range nickel-copper-PGE project in Western Australia.

Orion drilled holes OPRC008, 009 and 010 in the eastern portion of the HA2 prospect to test an anomaly identified in a recently completed, trial IP survey.

 

Plan of Peninsula project showing historical drilling and
interpreted bedrock geology. Inset maps shows location of 2013 &
2014 drilling overlain on aeromagnetics (bottom). Source: Company
announcement

 

The holes intersected a mafic gabbro below a cover of recent sediment, encountering fresh gabbro containing finely disseminated sulphides from approximately 45m depth to the end of the holes.

The holes ended in mineralisation and the mineralisation remains open in all directions.

Highlights from the results of all drilling included:

OPRC008:
80 metres at 0.11 per cent nickel, 0.05 per cent copper and 0.01 per cent cobalt from 44 metres, including 12 metres at 0.22 per cent nickel, 0.11 per cent copper and 0.02 per cent cobalt from 52 metres; and

8m at 0.06 per cent nickel and 0.01 per cent cobalt from 132m;

OPRC009:
47m at 0.08 per cent nickel, 0.02 per cent copper and 0.01 per cent cobalt from 44m;
 
13m at 0.07 per cent nickel, 0.02 per cent copper and 0.01 per cent cobalt from 138m;

10m at 0.07 per cent nickel and 0.04 per cent copper from 170m; and

6m at 0.10 per cent nickel, 0.05 per cent copper and 0.01 per cent cobalt from 190m.

OPRC010:
18m at 0.06 per cent nickel, 0.02 per cent nickel and 0.01 per cent cobalt from 38m; and

50m at 0.09 per cent nickel, 0.04 per cent copper and 0.01 per cent cobalt from 100m, including 10m at 0.14 per cent nickel, 0.07 per cent copper and 0.01 per cent cobalt from 116m.

Orion indicated a sample within the oxide zone from between 12 and 13 metres in OPRC008 had returned 0.08 grams per tonne platinum and 0.28g/t palladium.

The company said that although this result is from an isolated anomalous sample within the weathered zone, it provides further encouragement PGE mineralisation may also be present within the intrusive complex.

“These results confirm that our systematic targeting process is successfully leading us to the right areas in the right rocks,” Orion Gold managing director Errol Smart said in the company’s announcement to the Australian Securities Exchange.

“The company is strongly encouraged by these wide mineralised intersections which provide the first drilling evidence that the northern extent of the Fraser Range Belt contains substantial nickel-copper metal endowment in mafic intrusive rocks.

“These intersections represent some of the widest sulphide nickel-copper intersections drilled within the Fraser Range Belt.

“We await the remainder of assays together with downhole EM and petrographic results with anticipation.”

Email: info@oriongold.com.au

Website: www.oriongold.com.au