Ora Banda flags more strong results from Riverina ahead of mineral resource estimate
Ora Banda has reported some fresh results from drilling at its Riverina gold project in Western Australia which it says will augment the upcoming mineral resource estimate.
The Phase 1 drilling has continued to enhance the project’s underground mining potential, with results including:
The company says the results will be included in an updated Mineral Resource Estimate – to be announced this month.
The Riverina mineralised system remains open at depth on multiple lodes and Phase 2 diamond drilling is scheduled to recommence in March 2023.
“Each set of results has improved and extended the mineralisation, as well as giving us a greater understanding of the potential as a high- grade and multi-lode underground mine.” Ora Banda (ASX:OBM) MD Luke Creagh said.
“The next steps for us are to deliver the mineral resource update later this month, placing Ora Banda in a position to progress towards investment decision in this financial year.
“In addition to this, we are looking forward to commencing the Phase-2 program to expand the mineralisation envelope.
“The results from Riverina are testament to Ora Banda’s 3-Year Strategy to create value by targeting high-grade underground ore to enhance our production profile and reduce costs.
“We have achieved outstanding results from Riverina, and we consider this is early days in a potentially big system.”
This article was developed in collaboration with Ora Banda Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.