Total
0
Shares
Orion Minerals (ASX:ORN) - CEO & Managing Director, Errol Smart
CEO & Managing Director, Errol Smart
Source: Orion Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Orion Minerals (ORN) begins diamond drilling within the IGO-ORN Joint Venture tenement E28/2367 in Western Australia
  • Drilling will test a number of high-priority magmatic nickel-copper targets in an area where previous drilling showed potential for prospective nickel and copper intrusions
  • The initial focus will be the Hook target to test a highly conductive downhole electromagnetic (DHEM) anomaly
  • Orion ends the day 8.33 per cent in the green with shares trading at 2.6 cents

Orion Minerals (ORN) has begun diamond drilling within the IGO-ORN Joint Venture tenement E28/2367 in the Fraser Range Belt of Western Australia.

Drilling will test a number of high-priority magmatic nickel-copper targets in an area where previous drilling showed potential for prospective nickel and copper intrusions.

The initial focus will be the Hook target to test a highly conductive downhole electromagnetic (DHEM) anomaly.

Notably, Hook lies 16 kilometres northeast of Leged Mining’s (LEG) Mawson nickel-copper discovery.

Mawson has been confirmed as one of the most significant new discoveries in the Fraser Range with intercepts of up to 2.76 per cent nickel and 1.36 per cent copper.

CEO and Managing Director Errol Smart said the company is excited to begin drilling.

“We are really excited to have diamond drilling finally underway in the Fraser Range, with all logistics and services now established by our joint venture partner IGO to support what we all hope could be a game-changing drill program,” Mr Smart commented.

“There is no question that this is one of the hottest exploration districts in Australia at the moment and it is rated very highly by IGO in terms of their global exploration portfolio.

“The results from previous drilling programs provide strong indications that we are in the right place to discover a large magmatic nickel-copper sulphide system.”

Orion has ended the day 8.33 per cent in the green with shares trading at 2.6 cents in a $103.7 million market cap.

ORN by the numbers
More From The Market Herald
Renegade Exploration (ASX:RNX) -Chairman, Robert Kirtlan

" Renegade Exploration (ASX:RNX) enters JV agreement with Burke Copper

Renegade Exploration (RNX) has entered a joint venture transaction with Burke Copper.
ReNu Energy (ASX:RNE) - CEO, Greg Watson

" ReNu Energy (ASX:RNE) raises $2.3m for Green Hydrogen Pipeline

ReNu Energy (RNE) has completed a capital raise of around $2.3 million to advance its Green Hydrogen Pipeline.
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng

" Australasian Metals (ASX:A8G) and CSIRO detect high priority lithium at Mt Peak

Australasian Metals (A8G) and CSIRO have announced the detection of high priority pegmatite and lithium at its wholly-owned Mt Peak project in the
Adriatic Metals PLC (ASX:ADT) - CEO, Paul Cronin

" Adriatic Metals (ASX:ADT) releases silver assays for Rupice Mineral Resource

Adriatic Metals (ADT) has released silver assays for its wholly-owned Vares Silver Project in Bosnia and Herzegovina.