Orion Minerals has released an update on diamond drilling of the first nickel-copper target on the Namaqua and Disawell mineral rights in the Areachap Belt, South Africa.
Orion Minerals (ASX/JSE:ORN) has released an update on diamond drilling of the first nickel-copper target on the Namaqua and Disawell mineral rights in the Areachap Belt, South Africa.
According to the press release, surveys, mapping and now drilling targeting high grade magmatic nickel-copper-cobalt-platinum mineralization has lead to the company intersecting a thick succession of sulfide-bearing mafic to ultramafic intrusive rocks.
Importantly, injected veinlets of massive sulphide (locally >90 percent over 2-15cm pyrrhotite, chalcopyrite and pentlandite mineralogy) confirm the presence of magmatic nickel-copper sulfide mineralization.
As quoted in the press release, Managing director and CEO of Orion, Errol Smart said:
“The first intersection at Rok Optel 2 has confirmed our expectation that the Jacomynspan intrusive complex is fundamentally similar to what we saw in the Fraser Range. We have now demonstrated that geological conditions exist for accumulation of large intrusive massive sulphide bodies similar to Nova – Bollinger and that our modern exploration techniques will facilitate discovery of these massive sulphides. The similarity in geological terranes between Areachap and Fraser Range is further underscored by Independence Group’s recent announcement of their discovery of what appears to be a Prieska style VMS at Andromeda in the Fraser Range.”