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  • Orange Minerals (OMX) finishes phase one of drilling at the Wisemans Creek project in New South Wales
  • The company completed four diamond drill holes to validate and extend mineralisation detected in historical drill holes around the Black Bullock prospect
  • OMX is now processing core from the drill holes and expects to receive results in the next six weeks
  • Orange was also recently granted shareholder approval to proceed with the acquisition of the Wisemans Creek and Ophir tenements from Godolphin Resources
  • Shares are trading flat today at 13 cents as of 1:53 pm AEST

Orange Minerals (OMX) has finished a phase one drilling program at the Wisemans Creek project in New South Wales.

The company completed four diamond drill holes, for a total of 618 metres, to follow up on historical drilling around the Black Bullock prospect and to validate and extend the historical mineralisation.

The company is now processing core from the drill holes, before sending the samples off to be assayed at the laboratory. The results are expected in about six weeks.

Managing Director David Greenwood is pleased work is progressing according to plan.

“The phase one drilling program has been completed at Wisemans Creek on time and as planned testing a number of targets around the Black Bullock prospect, where there are historical workings and elevated gold values in RC/DD drillholes,” he said.

The company recently received shareholder approval to proceed with its 100 per cent acquisition of the Wisemans Creek and Ophir tenements from Godolphin Resources.

Orange Minerals is paying a total consideration of $550,000 in a mix of cash and shares.

Shares were trading flat today at 13 cents as of 1:53 pm AEST.

OMX by the numbers
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