- Ora Banda Mining (OBM) has received further assay results from the Golden Eagle deposit at the Davyhurst Gold Project in WA
- Underground diamond drilling began in late February and was completed in April after 61 holes were drilled
- The aim of this drilling was to infill and extend the mineral resource at Golden Eagle of 393,000 tonnes at 3.9g/t gold
- Results peaked at 16g/t gold and Ora Banda is now waiting on results from the last 17 holes
- Ora Banda is up 5.13 per cent and shares are trading at 20.5 cents
Ora Banda Mining (OBM) has received further assay results from the Golden Eagle deposit at the Davyhurst Gold Project.
The Davyhurst Gold Project lies 120 kilometres northwest of Kalgoorlie in Western Australia
Underground diamond drilling began in late February and was completed in April after 61 holes, for 8370 metres, were drilled.
The aim of this drilling was to infill and extend the mineral resource at Golden Eagle of 393,000 tonnes at 3.9g/t gold for 49,000 ounces.
Best new results include 5.8 metres at 15g/t gold including 5.5 metres at 16g/t gold, and 13.8 metres at 4.1g/t gold including 4.6 metres at 9.5g/t gold.
Ora Banda is waiting on results from a further 17 holes which are expected in due course.
“We are currently developing northwards on the 310 level towards some of these very strong results and are certainly looking forward to mining this high grade area in the near term,” Managing Director David Quinlivan said.
“The Southern Mining Area has also yielded some strong results which our geology team are currently remodelling,” he added.
Ora Banda is now undertaking mapping, drilling and mine development to better understand the gold distribution.
It has been measured down-plunge for more than 100 metres and it’s believed to continue further.
Ora Banda is up 5.13 per cent and shares are trading at 20.5 cents at 11:33 am AEST.