Testing High Priority EM Target In South Africa
Orion Minerals Limited (ASX/JSE: ORN) is set commence diamond drilling on a high priority target detected by a fixed loop electromagnetic (FLEM) survey on the boundary of Orion’s existing Masiqhame Prospecting Right and a newly granted Boksputs North Prospecting Right in South Africa.
The Boksputs Prospect, which is located on the northern boundary of the company’s Masiqhame Prospecting Right, has recently delivered very encouraging copper-gold intersections on the 600s B4 FLEM conductor, including a best section of 5m at 1.09% Cu and 0.13g/t Au, including 1.00m at 2.38% Cu and 0.29g/t Au.
A follow up FLEM survey of the B1 conductors previously detected in two small survey loops located 2,500m to the north of B4, on the boundary of the prospecting right (PR) and continuing north of the PR, has now confirmed a very strong (3000s – 6000s) continuous conductor, DP1, that presents a compelling drill target (Figures 1 and 2).
Managing Director and CEO, Errol Smart,said the strike extension of this target is also now accessible to Orion after receipt of the grant notice for prospecting right NC12197PR, covering the northern extension of the target
“A fixed loop electromagnetic survey (FLEM) 2,500m north, along the trend of our recent Boksputs copper gold drill intersections has detected a conductor with nearly ten times higher conductance than the FLEM target previously drilled,” Mr Smart said.
“We have also received notice of grant of a new Prospecting Right covering the area north of the new high priority target allowing the FLEM survey to cover the open extension to the north of this very exciting target.
“Our previous FLEM survey conducted in 2018 detected this anomaly, but the target was modelled to lie outside the survey loop requiring a new survey to provide data over the optimum area to model the target more accurately.”
For further information please visit: https://www.orionminerals.com.au/
