Davyhurst drilling program nails high-grade WA | Australian Markets

Ora Banda Mining has nailed high-grade gold hits at its Davyhurst project in Western Australia’s historic Goldfields area from infill and extensional drilling at depths of 500 metres to 1000m under floor at its premier Riverina deposit.

An exploration drill program on the company’s rising Waihi and Little Gem prospects additionally unearthed a suite of mineralised intersections.

Multiple hits exceeded 100 grams per tonne (g/t) gold at Riverina, with each Waihi and Little Gem returning a number of high-grade gold intervals grading more than 10g/t.

At Riverina, vital intervals consisted of a 1.7m hit at 76.4g/t that included 1m at 129.5g/t, a 4.3m stretch going 24.6g/t together with a pumped-up 0.3m slice grading 229g/t and 4.7m operating at 12.5g/t with a 0.5m part returning 108g/t. Other notable hits had been 1m going 92.4g/t and 2m assaying 28.2g/t.

Recent drilling has confirmed Riverina accommodates a steady strongly mineralised system extending to 1000 vertical metres, offering vital potential for future mine life extensions. The deposit’s stratigraphy contains a 500m huge sequence of mafic-ultramafic and metasedimentary models, bounded by ultramafic to the west and a thick metasedimentary package deal of the japanese hanging wall.

The company says gold mineralisation throughout its Main Lode, Murchison, Reggie’s and Durham lodes is within 100m of the japanese metasedimentary contact. Its important lodes are hosted within a 25m huge shear hall and exhibit glorious continuity at depth.

Management says a complete of 20,548m of diamond drilling and 9468m of reverse circulation drilling has been accomplished because the company began a useful resource extension program final October. The deepest diamond gap reached a vertical depth of 1200m, intersecting the focused mineralised hall and validating Riverina’s depth potential.

These sturdy new drill outcomes throughout three distinctly totally different areas are testomony to the prospectivity of the Davyhurst gold project. We stay extraordinarily lively on the drilling entrance, with 5 floor rigs turning and 5 underground rigs lively, which mixed, are producing more than 850 metres of diamond core a day.

Creagh stated the Waihi outcomes had been vital as they promote the deposit’s potential to grow to be the company’s third underground mine.

At Waihi, the primary seven-hole program has been accomplished. It was designed to focus on high-grade shoots beneath the historic open pits.

One gap encountered a new mineralised zone within the footwall of the primary mineralisation at 330m under floor, which had a stellar 8.7m interval grading 9.3g/t gold. The hit included 1.1m at 30.2g/t and a 0.4m slice going 90.6g/t.

The new discover stays largely untested up and down plunge and presents a new zone for additional drilling, which Ora Banda expects to schedule within the close to time period.

Additional promising gold assay outcomes included 0.4m at 18g/t and a 1.5m part returning 18.6g/t.

The company is at the moment designing a vital follow-up drill program, which it plans to start within the subsequent financial 12 months.

After an initial five-hole drill program on the Little Gem prospect that returned 22.7m at 5g/t and 10.9m grading 6.4g/t, management dedicated to a 16-hole broadly spaced part two program to check the carbonate horizons throughout 4.7 kilometres and to a depth of 400m under floor.

The program spaced at 400m part traces will allow testing of the Little Gem-Sunraysia grounds’ greenfield potential and decide the system’s structural and lithological structure.

Notably, carbonate models have been intersected alongside your complete size of drilling carried out to-date, confirming a steady 5km strike between Little Gem and Sunraysia. It stays open to the north and south, with a potential fault zone on the southern finish of Sunraysia solely examined by one historic rotary air-blast gap, which returned a vital 4m hit at 11.5g/t gold.

The carbonate models differ in thickness from 0.2m to 0.6m. Current assays show all carbonate models intersected by drilling are mineralised with variable gold grades.

The company has acquired assays from three holes, and a additional 9 holes are awaiting outcomes. Four more holes are at the moment being drilled.

A high success fee from drilling is proving the company’s working geological model to be sound. Further infill drilling is deliberate on the prospect.

The mid-tier goldie not too long ago revealed an spectacular 35 per cent raise in annual gold output at Davyhurst to 95,000 ounces, albeit barely short of its earlier steerage of 100,000 ounces.

Davyhurst now has two working underground mines. The Riverina deposit is making a substantial contribution to its output by half-filling its 1.3 million-tonne processing plant.

Recently, management’s focus has moved to ratcheting up the company’s newer Sand King deposit to fill the mill with high-grade feed. The transfer will present Ora Banda with one other vital step-up in its quest for elevated manufacturing and money movement.

The continued high-grade gold assays returned from the company’s drilling efforts level to Ora Banda’s determination to go underground as probably a sustainable game-changing transfer.

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