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- Orange Minerals (OMX) schedules its drilling program after securing a drill rig at the Wisemans Creek Project in New South Wales, expected to start late April
- A diamond drill program of about 600 metres is planned with drilling designed to follow up a number of historical drill holes around the Black Bullock Prospect
- Historical production from the prospect was 2098 ounces (oz) of gold and 40,000oz of silver from 4700 tonnes of ore
- The company plans to drill five diamond holes under the significant historical holes to validate previous intercepts and test for further extensions of the mineralisation
- OMX shares are in the grey, trading at 13.5 cents each
Orange Minerals (OMX) will commence its drilling program after securing a drill rig at the Wisemans Creek Project (EL 8554) in New South Wales, expected to start late April.
A diamond drill program of approximately 600 metres is planned with drilling designed to follow up a number of historical drill holes around the Black Bullock Prospect.
The Black Bullock project area is the most significant zone of anomalism in EL8554 with historic production from the Black Bullock mine was 2098 ounces (oz) of gold and 40,000oz of silver from 4700 tonnes of ore.
The historical results recorded include 19 metres at 4.04 grams per tonnes (g/t) gold (Au), 15.0 g/t silver (Ag), 0.14 per cent copper (Cu), 0.38 per cent lead (Pb) and 0.09 per cent zinc (Zn) from 81 metres, includes five metres at 12.78 g/t Au, 23.2 g/t Ag, 0.2 per cent Cu, 0.27 per cent Pb and 0.15 per cent Zn.
Orange Minerals plans to drill five diamond holes under the significant historical holes to validate previous intercepts and test for further extensions of the mineralisation.
The holes will be drilled on existing sections 6274215N, 6273715N and 6273560N will test significant intercepts in holes NRD1, WCD4, NRP1, WCP60 and PWC29.
Drill rig, support crew and geologists are planning to arrive on site at Wisemans at the end of April 2022.
At the time of the IPO of Orange in December 2021, Wisemans Creek was an earn in Joint Venture agreement with Godolphin Resources Ltd, whereby Orange can earn up to 70 per cent of the Project.
In March 2022, Orange signed a binding Heads of Agreement with Godolphin to purchase 100 per cent of the Wisemans Creek tenement and Ophir (EL8323) for $550,000, paid half in cash and half in equity.
OMX shares were in the grey, trading at 13.5 cents each as of 3:11 pm AEST.
