Ora Gold Limited

Further High-Grade Gold Intercept from Diamond Drilling at Crown Prince Prospect

Ora Gold Limited (“Ora” or the “Company”, ASX: OAU) is pleased to announce another high-grade gold intercept from diamond core at Crown Prince (M51/886).


Highlights:

  • Further high-grade gold results returned from OGGDD537 which was drilled at the South-Eastern Ore Body (SEB) of Crown Prince Gold Prospect
  • The intercept includes:
    • 6.4m @ 26.39 g/t Au from 127.4m incl. 2.8m @ 58.53g/t Au from 131.7m
  • This intercept was returned from the hinge zone of the newly delineated SEB anticline, below a zone of exceptional gold grades seen in recent RC Holes (ASX announcement, 28 June 2023)
  • The intersection supports the Company’s interpretation for SEB mineralisation where high-grade gold mineralization remains open at depth with the best grades and thicknesses occurring in the hinge zone of a SSW plunging anticline
  • This intercept is located 53m along strike to the north-east from the high-grade intersection reported in OGGDD536 (ASX Announcement 4 July 2023)
  • The lode consists of quartz-carbonate-chlorite-sericite with sporadic veinlets of pyrite, arsenopyrite, pyrrhotite and traces of galena
  • Additional RC drilling between 50m and 200m vertical depth and diamond drilling to 300m vertical depth will be undertaken shortly at SEB. This will further underpin a resource estimate for the new zone of mineralisation (i.e. SEB) at Crown Prince.
The Crown Prince south-east extension (SEB) zone continues to develop as a key growth area for gold resources at the prospect.

The Crown Prince Prospect is a high-grade gold deposit within Ora Gold’s Garden Gully Project. Crown Prince is located 22km north-west of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road (Figure 1).

Ora Gold’s CEO Alex Passmore commented: “We are very pleased to report more high-grade results from our diamond drill program at Crown Prince. Results from OGGDD537 were eagerly awaited given the strong alteration seen in drill core as described in recent announcements. This result confirms down dip continuity of mineralisation in this area, supports our interpretation of the SEB structure, and is a substantial strike extension from the high-grade intercept in OGGDD536 that we announced recently”.

Figure 1. Garden Gully tenements and location of OAU’s gold prospects

Assay results from the second diamond hole drilled at SEB have returned additional high grade gold results (Table 1, Appendix 1, Figures 2-3 & Photo 1). Samples from the remaining holes have been delivered to Intertek in Perth and assays are pending.

The results in this release indicate the presence of a down dip extension of high-grade gold mineralisation at SEB and support the structural interpretation for mineralised shoots at Crown Prince (Figure 2). Mineralised envelopes are contorted and folded between northerly trending shears. MOB mineralization occurs in a steep south-east plunging anticline. SEB mineralization is hosted within a steep south westerly plunging anticline. The two zones are separated by a northerly trending shear zone (Figure 2).

All hole details and sampling information are included in Table 1. Assay results received to date with more than 0.1ppm Au are included in Appendix 1.


Click here for the full ASX Release

This article includes content from Ora Gold Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price, Equities Flat as Fed Leaves Rates Unchanged​

The US Federal Reserve held its fourth meeting of 2025 from Tuesday (June 17) to Wednesday (June 18) against a backdrop of trade tensions, spurred on by the Trump administration's tariffs.

The central bank met analysts’ expectations by holding its benchmark rate in the 4.25 to 4.5 percent range.

Chair Jerome Powell stated that the Fed's dual mandate of maximum employment and stable prices remains in balance, noting that the US economy is solid. He added that the labor market is not a source of inflationary pressures.

Keep reading...Show less
Harvest Gold (TSXV:HVG)

Harvest Gold

Keep reading...Show less
Frank Holmes, gold bars.

Frank Holmes: Gold to US$6,000 "Easily," Silver's US$100 Potential

Frank Holmes of US Global Investors (NASDAQ:GROW) shares his outlook for the gold price in 2025 and the years ahead, laying out the factors driving the metal.

"I think it hits US$4,000 (per ounce), and before Trump is finished his term as president it will be US$6,000. That's where I think it's heading for a host of reasons," he said.

Keep reading...Show less
Finex Metals

FinEx Metals Begins Trading on TSX VENTURE EXCHANGE and Advances 2025 Exploration Program

FinEx Metals Ltd. (TSX-V: FINX) (“FinEx” or the “Company”) is pleased to announce that its common shares will begin trading todayon the TSX Venture Exchange (the “Exchange”) under the symbol FINX. The listing marks a key milestone as FinEx actively advances its 2025 field program across multiple targets in Finland’s Central Lapland Greenstone Belt.

Tero Kosonen, the Chairman and Chief Executive Officer of FinEx, comments:“Our listing on the Exchange comes at a time when gold’s strategic relevance is growing globally. With a district-scale land position in Finland’s premier gold belt and a steadily advancing field program, FinEx provides its shareholders with exposure to potential discovery-stage exploration projects in a structurally bullish gold environment”.

Keep reading...Show less

Maritime Drills 24.5 gpt Gold over 13.9 Metres, Including 42.2 gpt Gold over 8.0 Metres at the Hammerdown Gold Project

Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to provide an update for the Hammerdown Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador ("Hammerdown"), near the towns of King's Point and Springdale.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×