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- Orange Minerals (OMX) wraps up its phase two drilling program at the joint venture Calarie gold project in NSW, held with Godolphin Resources (GRL)
- A total of five diamond drill holes for 1170 metres were completed to test below historical workings and validate two historical reverse circulation drill holes
- According to the company, the drilling confirmed that mineralisation extends at depth and is open along strike
- The drill core is currently being logged and sampled and will be dispatched to the laboratory for processing as soon as possible
- OMX shares are trading flat at 7.5 cents while GRL shares are also steady at 8.4 cents at 2:22 pm AEST
Orange Minerals (OMX) has wrapped up its phase two drilling program at the joint venture Calarie gold project in NSW, held with Godolphin Resources (GRL).
A total of five diamond drill holes for 1170 metres were completed to test below historical workings and validate two historical reverse circulation drill holes.
OMX said all of the deep holes drilled below the old workings intersected the sheared, steeply dipping mineralised contact between sediments and volcanics.
According to the company, these deeper holes confirm that mineralisation extends at depth and is open along strike.
The drill core is currently being logged and sampled and will be dispatched to the laboratory for processing as soon as possible.
Managing Director David Greenwood said the program was executed efficiently.
“All samples will soon be dispatched to the laboratory, and we very much look forward to receiving the assays, with first results expected to be received in October 2022,” he said.
OMX shares were trading flat at 7.5 cents while GRL shares were also steady at 8.4 cents at 2:22 pm AEST.
