Five more holes were drilled to test the mineralisation at the Western Australian-based Little Gem, which is marked by carbonate units brecciated by actinolite.
These revealed carbonate host units continued over 1,600 metres, and 400 metres below the surface.Two wide, high-grade lodes have been identified, with the first delineated by intercepts such as 22.7 metres at 5.0 grams per tonne, including 14.5 metres at 6.8 grams per tonne.
The second lode at Little Gem was indicated by intercepts like 10.9 metres at 6.4g/t, including 3.6 metres at 16.9g/t, including 0.95 metres at 55.9 g/t.Ora Banda is enthused by what has been revealed by the mineralisation here, and its underlying connection to regional deposits.
In particular, geological evidence suggests that the focal carbonate host is lithologically derived, which connects this mineralisation to the Sunraysia deposit around 4 kilometres away.
Managing director Luke Creagh said positive signs were abounding throughout the discovery. “These outstanding results at Little Gem have been achieved through exceptional geology work, done well, and [are] exactly how deposits should be discovered,” he said in the company’s market release today.“These latest discovery intercepts… are landmark because they open our eyes to a new 4.7km long target zone that runs all the way from Sunraysia to British Lion.”
OBM Price at posting:
$1.04 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)