Orion Gold discovers CQ gold-silver system

Posted February 18, 2015

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Zone of epithermal veining intersected 229m – 245m AFRCD12.

Central Queensland could be home to the state’s next world-scale gold mine.

Orion Gold announced yesterday that initial assay results from drilling completed at its Aurora Flats target, north west of Rockhampton, had delivered encouraging results.

“Diamond hole AFRCD012 intersected a 20m wide, highly altered zone with strong epithermal veining, vein breccia and quartz stockwork from 229m – 245m down-hole (approximately 200m below surface),” the company said in a statement.

“The zone is interpreted to lie proximal to, but slightly above the optimal interval for precious metal deposition. While being above the interpreted optimal depth, a wide zone of low-grade gold and silver at this elevation in the system bodes well for discovery of a significant high-grade zone below.”

The zone returned intersections of 9m at 0.45g/t Au and 27.7g/t Ag from 229m down-hole, including 3m at 1.10g/t Au and 59.0g/t Ag from 235m and peak grades of 1.92g/t Au and 91.5g/t Agover 1.0m from 236m.

The results provided the strongest evidence to date that the company could be on the cusp of a major intermediate sulphidation epithermal gold-silver discovery with provincial implications, said Orion Gold managing director, Mr Errol Smart.

Follow-up drilling at the site is expected to start mid-march.

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