Orion Minerals has advised that diamond drilling on its Masiqhame Prospecting Right has intersected sulphide mineralisation up-dip of a high priority target detected by a recent fixed-loop survey electromagnetic (FLEM) survey over the Boksputs Project.
Orion notes that, in line with best-practice reporting of visual mineralisation results by AIG1, visual estimates of sulphide mineral abundance should not be considered a proxy or substitute for laboratory analyses. More substantive and reliable data in the form of laboratory analyses are expected to be available in approximately three weeks.
Orion’s Managing Director and CEO, Errol Smart, commented:
“The presence of sulphide mineralisation in the first two diamond drill holes completed to test the exciting 3000s – 6000s EM conductor at Boksputs is an important development, indicating a reducing deposition environment that is favourable for the deposition of VMS-style mineralisation.
“Due to underlying geotechnical conditions, the holes deviated off course at depth and only intersected the edges of the target anomaly making this what exploration geologists like to call a ‘near-miss’ situation. After conducting down-hole EM in both the holes, the target has been further refined, and we are now continuing with a wedge hole off one of the parent holes to vector into the zone of highest conductivity.
This is where we believe the strongest accumulation of sulphide mineralisation may occur.
“Current drilling incorporates the latest down-hole motor, directional drilling technology, greatly improving our ability to steer the hole to intersect the conductive high.”