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Orsa Ventures Corp. (TSXV:ORN) announced receiving its first set of assay results from Quartz Mountain. The Company reported positive results confirming mineralization at the property. Orsa’s phase I drill program consists of 10 holes over 1,500 metres at the property.
As quoted in the press release:
Preliminary results on sections submitted to date intercepted gold mineralization as anticipated. At Quartz Butte, hole QM-729 intersected 86.9 metres grading 0.49 g/t and 21.3 metres grading 0.91 g/t gold, and hole QM-732 intersected 62.5 metres grading 1.14 g/t gold and 4.3 g/t silver. These drill holes confirm the grade of mineralization. They were not incorporated in the March 2012 NI 43-101 resource estimate.
Orsa President and CEO Linda Thorstad said:
The confirmation drilling remains a fundamental step towards advancing the resource at Quartz Mountain, and in this, the ability to use the historical dataset provides a significant advantage allowing us to save both time and capital.
Click here to read the Orsa Ventures Corp. (TSXV:ORN) press release
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