OGX 0.00% 0.3¢ orinoco gold limited

Hammer Mill 3, page-2

  1. 1,019 Posts.
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    Yeah OGX is one of those companies that will sure do well.

    I think people have forgotten about the value that has so far been unlocked (previous announcements) and that is to be unlocked with HM3.

    Here is a quick recap (summarised) of the past ANN's with some FA!

    Hope this helps point anyone in the right direction looking for a Goldie. OGX have some fantastic gold grades along with other precious metals!

    Fundamental Analysis

    Market Cap: 111M
    SOI: 900.5M
    Cash approx. A$2.9M (as at 31 January 2018)
    • Four gold zones plus 1 silver zone
      • Drilling u/g for structure to recommence in March
      • Gold mineralization open on all sides
      • Renewed focus on silver zone planned

    ANN 06/03/2019
    New Monthly Mine Development Record at Cascavel as Ore Processing Continues
    • Bonanza grade gold @ Cascavel
    • Grades between 30 to 149 g/t


    ANN 28/07/2017
    Spectacular Grades Continue from Pilot Hammer Mill
    • 4 samples returned 38.8 g/t, 41.1 g/t, 26.6 g/t and 40.4 g/t from pilot mill
      • This follows the reported 11 samples that graded between 30-149 g/t.

    ANN 8/01/2018
    17.56m @ 1,292g/t silver supports targeting more high-grade zones along the Cascavel Dolomite layer
    Orinoco looks forward to follow up its previous high-grade exploration results including rock chip results up to 4,234 g/t Ag (silver) and drilling of 17.56m @ 1,292 g/t Ag in a zone of significantly thicker silver host rock open to the south.
    • CDP_021: 17.56m @ 1,292.4 g/t Ag & 11m @ 0.25% Cu from 101m
      • CDP_025: 25.0m @ 39.2g/t Ag: including 3m @ 97.2g/t Ag from 114m
      • CDP_031: 4.4mn @ 760.3g/t Ag: including 1.05m @2,510 g/t Ag from 157m
      • CDP_014: 4.7m @ 58.6g/t Ag: including 0.85 @ 236g/t Ag from 162

    ANN 24/01/2018
    Cascavel Operational Update
    Further High Grades and a Surprise from the Waste Rock Stockpile
    • Additional bulk samples of underground ore yield average grade of 25.33 g/t
      • Average processed grade of 29 samples have returned 38.74g/t
      • Previously stockpiled waste rock returns a surprise sample grade of 15.42 g/t

    ANN 25/01/2018
    Cuca Panel Sampling Commences
    Trial mining to begin shortly
    • The methodology is the same as our assays announced on 17th January 2018 entitled Mestre Assays Show Bonanza Grades up to 265 g/t
      • Panel samples are 2 metres long continuously taken along the vein of up to 20 kg per sample

    ANN 31/01/2018
    Orinoco Confirms Outstanding Grades of Gold in Tailings
    Bulk Sample of 1,000 tonnes of Tailings to Commence Shortly
    • Five one-tonne random samples of tailings recover a total of 46.37 grams of gold in dore
      • The samples returned an average grade of 9.27 g/t

    ANN 02/02/2018
    Mestre Assays Show Further Bonanza Grades Up To 185g/t
    • The highest grading samples included 185g/t, 178.5 g/t, 72.6 g/t, 40.4 g/t and 28.3 g/t. The average grade of the 19 samples was 31.42g/t

    Fantastic grades and more to come.

    GLTA & DYOR
 
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Currently unlisted public company.

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