- Ora Banda (OBM) has completed its phase two drilling program at Riverina South, within the Davyhurst Project in WA’s eastern goldfields
- The infill reverse circulation (RC) drilling program targeted areas along a one-kilometre strike extension to the south of the main Riverina deposit, where open-pit mining is scheduled to begin later this year
- Results confirmed the continuity of the mineralised corridor which remains open at depth and along strike to the south
- Resource estimation modelling is underway and Ora Banda expects this to be delivered in September
- Shares closed 2.5 per cent lower at 38.5 cents
Ora Banda (OBM) has completed its phase two drilling program at Riverina deposit, within the Davyhurst Project in WA’s eastern goldfields.
The infill reverse circulation drilled in the phase one program, targeted a one-kilometre long extension from the main Riverina deposit.
The latest program covered 7338 metres in 68 holes and targeted two areas at Riverina South and around the British Lion prospect.
Results confirmed the continuity of the mineralised corridor to the south of the main Riverina deposit where open-pit mining is scheduled to begin in the fourth quarter of 2020.
Highlights included a 12-metre intercept which graded 6.4 grams of gold per tonne and another shorter one-metre interval at 20.8 grams of gold per tonne. The mineralised corridor remains open at depth and along strike to the south.
Ora Banda Managing Director David Quinlivan said the location and quality of the results could potentially see the area integrated into future mining plans.
“We are pleased to see consistent mineralisation and some solid grades returned from reverse circulation drilling immediately adjacent to the southern end of the open pit delineated in the Definitive Feasibility Study, and also at the British Lion prospect,” he said.
“We look forward to better defining the mining potential in these areas and assessing how potential mining operations might be incorporated into our future mining plans for this area,” he added.
Resource estimation modelling for the area is underway and Ora Banda expects this to be completed in September.
Ora Banda shares closed 2.5 per cent lower at 38.5 cents.