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- Orange Minerals (OMX) completes its phase one reverse circulation (RC) drilling program at the Calarie Gold Project in NSW
- Drilling began in early December to validate historical drill holes and extend the mineralised horizons previously intersected
- The drilling also aimed to test for potential new extensions of gold mineralisation and lay the groundwork for a possible maiden JORC resource.
- All up, 10 RC holes were drilled and samples have been sent to the laboratory for assay with results expected in February
- Orange Minerals remains steady on the market with shares trading at 17 cents each as of 1:55 pm AEDT
Orange Minerals (OMX) has completed its phase one reverse circulation (RC) drilling program at the Calarie Gold Project in NSW.
Drilling began in early December to validate historical drill holes and extend the mineralised horizons previously intersected.
The drilling also aimed to test for potential new extensions of gold mineralisation and lay the groundwork for a possible maiden JORC resource.
All up, 10 RC holes — covering a total of 1044 metres — were drilled and samples have been sent to the laboratory for assay with results expected in February.
Once the results have been received, Orange intends to undertake a resource review and begin planning a phase two drill program.
“The phase one drill program at Calarie was executed efficiently and timeously and credit is due to all parties involved,” Managing Director David Greenwood said.
“RC samples have been dispatched to the lab and we very much look forward to receiving the assay results, which are expected to be received in February next year.”
Orange Minerals remains steady on the market with shares trading at 17 cents each as of 1:55 pm AEDT.
