| Announcement Date: | 2022-04-04 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Orange Minerals NL |
| Project name: | Calarie |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 21m @ 4.5g/t Au from 34m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Orange Minerals NL (ASX: OMX) (“Orange” or “the Company”) is pleased to announce that it has received assay results from the Phase 1 drill programme at Calarie. Ten RC drill holes totalling 1,044 metres were completed at the Calarie Project in NSW in December 2021(Figure 1). Assay results from these drill holes have recently been received. Significant assay results received are summarised in Table 1 below and detailed in Appendix 3, and historical significant intercepts are tabled in Appendices 1 and 2. The Calarie Project area is dominated by two groups of rocks (Ordivician Volcanics and Silurian Volcanics and sediments). The Ordivician group consists of the Junee – Narromine andesitic volcanic arc that includes the Parkes and Nash Hill volcanics. The Ordivician – Silurian sediment sequence east of the volcanic arc include linear belts of intermediate volcanics including the Daroobalgie Volcanics Cotton Formation and Calarie Sandstone. Gold mineralisation at the Calarie Mine is structurally controlled along the extensive NNE trending Parkes – Forbes belt or Parkes Thrust. The deposits are hosted in strongly deformed linear belts of Ordivician volcanics and predominantly occur close to the volcanic / sediment contact. Historical drilling has shown that the western contact |
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