The Conversation (0)
Australia Investing
Orion Reports Prieska Zinc-Copper Project Resource Drill-Out Progressing Well
Jul. 16, 2018 09:15AM PST
Orion Minerals has announced that the Mineral Resource drill-out at the Prieska zinc-copper project in South Africa is progressing well.
Orion Minerals (ASX,JSE:ORN) has announced that the Mineral Resource drill-out at the Prieska zinc-copper project in South Africa is progressing well.
According to Orion, eighteen diamond drill rigs are currently deployed for infill drilling to increase sample density in the Deep Sulfide Mineral Resource, with the objective of achieving an updated mineral resource estimate, including upgrade in resource categories in Q4 2018. Since drilling commenced in May 2017, Orion has completed 31 mother holes and 37 deflections into the Deep Sulfide Target.
Managing director and CEO of Orion, Errol Smart said:
“We continue to be pleased with the progress on the Prieska project resource drill out. Feasibility work, including provisional mine development layouts are reaching advanced stages and await the final block model which will be finalized when drilling is completed. The block plans and mine layouts will then be fed into mine scheduling software to optimize the extraction plan and mine financial model. We are on track to complete the BFS in late 2018 or early in the new year.”
As highlighted in the press release:
- Positive assay results received for another 13 intersections drilled by Orion.
- 68 intersections, including 12 intersections drilled for metallurgical test work, have been completed in the Deep Sulfide Target since May 2017.
- 79 additional historic drill holes have been captured and added to 251 historic intersections already included in the Prieska zinc-copper project database.
- Drilling continues with 18 active diamond drill holes in the hinge zone of the North-West Target area and the south-east continuation of the Deep Massive Sulfide on the Vardocube Prospecting Right.
Click here to read the full Orion Minerals (ASX,JSE:ORN) press release.
Keep reading...Show less
