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- Ora Banda Mining (OBM) has intersected grades as high as 32.4g/t gold at the Riverina South Project in Western Australia
- The aim of the recent infill drilling program was to close the current drill spacing, enabling the inferred resource to upgrade to indicated
- The drilling program has roughly 7400 metres left be completed
- Ora Banda is up 3.39 per cent on the market with shares trading at 30.5 cents
Ora Banda Mining (OBM) has intersected grades as high as 32.4g/t gold at the Riverina South Project in Western Australia.
The site has a maiden mineral resource of 650,000 tonnes at 2.1g/t gold for 43,000 ounces, which includes open pit and underground components.
The aim of this recent infill drilling program was to close the current drill spacing of 40 metres by 25 metres to 20 metres by 25 metres. This will allow the inferred mineral resource to be upgraded to indicated.
Best results received to date include three metres at 32.4g/t gold from 34 metres, and five metres at 10.4g/t gold from 21 metres including two metres at 24.8g/t gold.
“This project is on track to deliver mine extensions with the deeper drilling ongoing. We are keen to see how the upgraded mineral resource at Riverina South can contribute to the ore stream flowing from main Riverina open pit mining operations,” Managing Director David Quinlivan said.
“The mining is picking up pace, so the time is now in relation to incorporating Riverina South into this larger program,” he added.
The drilling program has roughly 7400 metres left be completed.
Ora Banda is up 3.39 per cent on the market with shares trading at 30.5 cents at 1:58 pm AEDT.
