OAU 20.0% 0.6¢ ora gold limited

Ann: Abbotts Drilling Results Confirm High Grade Zone, page-3

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    The reports confirms the old Murchison King Gold mine ore body continues to depth. ORA now call this the eastern Shear Zone (ESZ) drilled to 170m with the high grade ore body open at depth and plunging gently to the north.
    A fault zone exists between the old Murchison King and the old Mt Vranizan gold mine about 400m apart.
    The old timers were chasing the rich reef, but it's obvious from the report there is a lot of surrounding gold and this looks like it may bulk out for an modern open cut operation. 4 grams would be good.
    ORA appear now to be in a position the mine the surface and near surface gold, do a deal with Westgold and process through their plant. The dividend can be spent chasing the deeper deposits., ie the Crown Price, Lydia etc.
 
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