Significant New VMS Discovery Confirms Near-Mine Potential
Southern Geoscience Consultants are assisting Orion Minerals Limited (ASX/JSE: ORN) regional geophysical programme efforts in the Areachap Belt, Northern Cape Province, South Africa. The SGC team, led by Senior Consultant Geophysicist Russell Mortimer have been supervising the extensive regional ground EM surveys, providing ongoing processing, interpretation, modelling/targeting vectors. The modelled Ayoba conductor has a strike length of ~1.1km and extends down-dip to at least ~800m below surface. The vertical depth to the top of the conductor is ~500m.
Recently completed diamond drillhole OAXD002 intersected 10.55m of sulphide mineralisation, including 5.17m of massive sulphides (>70% sulphides) from a down-hole depth of 653.2m. The discovery was made by drill testing a deep FLTEM conductor located ~5.3km S/SW of the Company’s Prieska Project and ~1.6km W and along strike of known copper mineralisation at Annex.
SGC would like to congratulate Orion’s team on the significant new Ayoba VMS discovery and aggressive approach to regional exploration in this highly prospective region.