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- Gold explorer Orange Minerals (OMX) kicks off a 600-metre diamond drilling program at its Wisemans Creek project in the New South Wales Lachlan Fold Belt
- The company will drill five holes in the area to follow up on historical drilling results at the Black Bullock prospect
- Orange says this prospect is the most significant zone of anomalism in the Wisemans Creek area
- Today’s news follows Orange’s full acquisition of Wiseman’s Creek and the nearby Ophir project from joint venture partner Godolphin Resources (GRL) for $550,000 in March
- Shares in Orange Minerals closed grey today at 13 cents
Gold explorer Orange Minerals (OMX) has kicked off a 600-metre diamond drilling program at its Wisemans Creek project in the New South Wales Lachlan Fold Belt.
The company said it planned to drill five holes as part of the program to follow up on several historical drilling holes around the Black Bullock prospect in the project area.
Orange last month said this prospect was the most significant zone of anomalism in the project area, with historical results including a 19-metre intersection at 4.04 grams per tonne (g/t) gold, 15 g/t silver, 0.14 per cent copper, 0.38 per cent lead, and 0.09 per cent zinc from 81 metres.
“The Phase 1 drilling programme has commenced at Wisemans Creek and will test areas around the Black Bullock prospect, where there are historical workings and elevated gold values in reverse circulation/diamond drill holes,” Managing Director David Greenwood said.
Today’s news follows Orange’s full acquisition of Wisemans Creek and the nearby Ophir project from joint venture partner Godolphin Resources (GRL) for $550,000.
Orange had previously struck a farm-in deal for the mining tenements under which it could earn a 70 per cent interest in each project by spending $2 million in exploration by the end of February 2026.
Under the new acquisition deal, Orange agreed to instead pay $550,000 upfront in a mix of cash and scrip for full control of the projects.
Shares in Orange Minerals closed grey today at 13 cents.
