Ora Banda Mining buoyed by high-grade gold results at grassroots targets within WA Goldfields tenement package

Ora Banda Mining buoyed by high-grade gold results at grassroots targets within WA Goldfields tenement package

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Ora Banda Mining Ltd is encouraged by strong gold results returned from first pass exploration aircore drilling program across grassroots targets at its Davyhurst and Riverina projects in Western Australia’s Goldfields region that have the potential to add to resources. Results have been received from a total of 16,112 metres of drilling at Sunraysia North, Gem Star North, Santalum and Queen of Hearts with results from around 6,207 metres at other target areas still pending. Notable intersections are: 10 metres at 2.22 g/t from 52 metres; 16 metres at 1.20 g/t from 12 metres; 19 metres at 0.89 g/t from 36 metres; 9 metres at 0.54 g/t from 52 metres; 7 metres at 0.71 g/t from 56 metres; 4 metres at 1.82 g/t from 36 metres; and 5 metres at 0.63 g/t from 36 metres. The regional program focused on testing gold targets with no previous drilling or effective exploration. Regional location map. 1,200 metres of strike to explore Ora Banda managing director Peter Nicholson said the results are outstanding in that they have intersected significant gold mineralisation in previously untested areas. He said: “The objective of first-pass programs is to vector in on areas of interest. We may have drilled a discovery hole at Sunraysia North and at Santalum. “There is now 1,200 metres of prospective strike to explore at Sunraysia North with something similar at Santalum. “We look forward to seeing what the follow-up drilling campaign, scheduled to commence later in the year may deliver.” Discussion and interpretation Three of the four targets for which results have been returned intersected mineralisation considered by Ora Banda as being significant for first pass exploration drilling and of these, Sunraysia North and Santalum provided the strongest results. Sunraysia North drilling was designed to test the southern continuation of the Riverina and British Lion mineralised trend in an area with no previous drilling. Results are highly promising with end of hole (EOH) mineralisation intersected along the Riverina trend in three successive drill lines spaced 400 metres apart. Furthermore, historical holes to the north and south of these intersections were too shallow and did not pass through the surface cover and/or depleted zone and are considered ineffective, leaving the mineralisation open along strike to the north up to the British Lion deposit and south towards the Sunraysia deposit. Drilling at Santalum was designed to test an undrilled auger surface geochemical anomaly on the southern end of the interpreted Round Dam mineralised trend. Strong gold mineralisation was intersected in one hole on the most northern line with mineralisation open to the north with further aircore and RC drilling being planned to follow up these results. Next steps At the Sunraysia North and Gem Star North prospects, further work is required to determine the potential of both prospects and this will be done with more targeted AC and RC drilling for which planning is underway. Ora Banda's overall resource totals 23.5 million tonnes at 2.8 g/t for 2.14 million ounces while proved and probable ore reserves total 6.2 million tonnes at 2.4 g/t for 470,000 ounces.

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