OAU 20.0% 0.6¢ ora gold limited

latest red bore drilling started

  1. 3,548 Posts.
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    Something to keep the interest up.
    Sounds like there could be a few interesting holes in this latest round.
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    RED BORE DRILLING RECOMMENCES
    Thundelarra is pleased to report that drilling has recommenced at
    the Red Bore prospect on Mining Lease M52/597.
    This second phase of drilling will test down plunge from high grade
    copper-gold mineralisation intersected in the Company?s first drilling
    program at Red Bore (see ASX 25 August 2010). These holes are
    targeting a steep westerly plunge which was indicated by down-hole
    electromagnetic (DHEM) surveys of selected phase one drill holes.
    The current drilling program will also investigate six gravity and
    magnetic targets on M52/597 that were generated during recently
    completed ground based surveys. Approximately 2,000 metres of
    Reverse Circulation drilling in 12 holes is planned, which should be
    completed within two weeks. Assays are expected to be available
    three to four weeks after completion of drilling.
    In addition to the drilling, an induced polarization (IP) survey is
    scheduled to commence at Red Bore mid month. The IP program is
    designed to provide evidence of disseminated sulphide
    mineralisation at depths of up to 300 metres below surface.
    Upon completion of the current field programs the Company will
    compile the substantial geophysical and drill data that will then be
    available in preparation for a third, more significant drilling campaign
    to be implemented prior to year end.
    Thundelarra has an option to earn a 60% interest in M52/597.
    ---------------------------

    Regards
    Dabru
 
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