Development work on 1080 level seems to be indicating that the Eaglehawk and Western Reef ore shoots are increasing in volume and grade. A splay from the Eaglehawk has been intersected that is 1.7m wide at 15.6 g/t au, over a strike length of 12 metres along with an additional low grade zone to the west that assays 4.4 g/t au over a strike length of 18 metres and width of 5.85 metres.
The Western Reef has been intersected to the south and is expected to continue for at least 30-40 metres along a horizontal development that carries 2.25 m at 57.9 g/t au and 1 m at 39.9 g/t au.
A comparison is drawn with the historic German Reef that was a major producer on the field. IF this hold true then ORS will be saved as a gold production company with significant LOM. Current price is now indicating a severe undervaluation.Good luck to all longs
ORS Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
