Orinoco Extends High-grade Contiguous Zone at Cascavel Gold Project

Orinoco Gold Ltd. (ASX:OGX) announced that it has received new bonanza-grade assay results of up to 239 grams per tonne gold from the exploration decline at its 70-percent-owned Cascavel gold project in Brazil.

As quoted in the press release:

As outlined in the ASX Release of 21 August, contiguous sampling in the decline defined a continuous zone both along strike and down-plunge extending over 9.7m at an average grade of 125g/t gold.

The most recent assay results have extended this high-grade contiguous zone to 15m at an average grade of 88g/t Au. The exploration decline continues to advance down the dip of and at right angles to the shoots towards the artisanal Mestre winze.

Importantly the zones of bonanza grade can be correlated across the decline walls, and this supports the interpretation of bonanza grade shoots that plunge shallowly towards the west. The shallow plunge is important because it increases the ounces per vertical metre, potentially having a positive impact on mining costs.

Click here to read the full Orinoco Gold Ltd. (ASX:OGX) press release.