Results from Ora Gold Limited’s (ASX:OAU) latest reverse circulation (RC) drilling program at the Abbots Gold Project reveal new high-grade gold mineralisation — a discovery adding to the untapped potential of a “gold province” where the project’s tenements are.
Ora Gold released yesterday the wrap-up results of its latest RC program at the Abbotts Gold Project, which is located at the north end of the Ora Gold tenements north of Meekatharra, Western Australia.
According to the report, the mining program was designed to intersect near-surface gold mineralised reserves, which have only been recently mapped and studied.
As a result of recent site mapping and interpretation, the gold exploration company successfully identified new and extensive mineralised structures.
“High-grade gold mineralisation was intersected within areas less tested by the previous exploration with interpreted zones of mineralisation in the cross-structures being some hundreds of meters in strike length, the report said.
“Further infill and deeper drilling are required to delineate resources in the new mineralised structures.”
Ora Gold’s Abbotts Greenstone Belt tenements now sit on an emerging “gold province” which hosts two other prospects, the near-development Crown Prince and the merging Lydia Gold Project.
In September 2020, Ora Gold announced “excellent” gold intersects at the Lydia Prospect.
Prior to this, a resource estimate of the Crown Prince Gold Project revealed that the deposit weighed a total of 479,000 tonnes at 3.6g/t for 55,000 ounces gold, a substantial increase from the initial estimate of 260,000 tonnes at 3.7 g/t for 31,000 ounces.