High Grade Gold Intercept From First Diamond Drill Core At Crown Prince South-East Extension

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

Highlights:

• High grade gold results returned from the first diamond drilling at the South- Eastern Ore Body (SEB) of Crown Prince Gold Prospect. This intercept returned from the hinge zone of the newly delineated SEB anticline hosting the main CVX Lode.
  
• The intersection indicates that the high-grade gold mineralization remains open below 150m. The lode is folded, plunging to the SSW and consists of quartz- carbonate-chlorite-sericite with sporadic veinlets of pyrite, arsenopyrite, pyrrhotite and traces of galena. The intercept from OGGDD536 includes:
  
  6.8m @ 17.74g/t Au from 142m incl. 1.5m @ 72.75g/t Au from 145.7m
  
  
• RC Drilling to further delineate the SEB mineralisation between 100m and 300m vertical depth is ongoing. Results to be incorporated into an updated resource model.

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).

Assay results from one diamond drill hole have been returned (Table 1, Appendix 1 & Figures 2-3). Core samples from another three holes have been delivered to Perth and the assays are pending.

The results in this release indicate the new down-dip extension of high-grade at SEB and support the new structural interpretation for mineralized shoots at Crown Prince (Figure 2). Mineralized 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 (Figure2).

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.

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

Figure 2. Significant gold intercept within the first drill core from OGGDD536 at SEB and the new interpreted structural setting at Crown Prince Prospect

Table 1. Diamond drill hole details and sampling information

South-Eastern Ore Body (SEB)

Exceptional high-grade gold intercepts have been recently reported on ASX release dated 28 June 2023. They included:

• 40m @ 17.53g/t Au from 30m incl. 19m @ 36.8g/t Au from 35m in OGGRC488
  
• 16m @ 35.77g/t Au from 28m and 3m @ 20.38g/t Au from 10m in OGGRC489
• 13m @ 21.9g/t Au from 32m and 9m @ 6.22g/t Au from 57m in OGGRC490
• 12m @ 9.73g/t Au from 6m in OGGRC483
• 21m @ 2.53g/t Au from surface in OGGRC502 and
• 25m @ 2.00g/t Au from 3m in OGGRC491

The first diamond intersection was obtained along the south-westerly plunge of the anticlinal hinge of the SEB and opens the deep potential of the CVX lode, which has delivered to date the most consistent high-grade gold intercepts (Figures 2-3 and Photo 1).

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