Ord River Resources (ASX: ORD) has received a hydrogeology report from Pendragon Environmental Solutions for its flagship Suplejack gold project in Northern Territory's Tanami Gold province.
Based upon a desktop study of ground water in the Tregony gold deposit area, the study identified four potential ground water targets.
The targets are primarily fractured bedrock aquifers, which may be suitable to supply the water requirements for mining and processing at the project.
An additional baseline ecological study prepared by EcOz Environmental Services, surveying flora and fauna around the Tregony prospect, is currently underway.
Results from these studies will form a part of the project’s Environmental Impact Statement, and further detailed investigations will be undertaken in 2014.
During the quarter ORD implementing a three year strategy to commence gold mining at Suplejack, and continues to assess additional gold opportunities, part of a longer term growth strategy to become a self-funded gold producer by 2016.
An application has been lodged for new exploration licenses covering 1,490 square kilometres adjacent to Suplejack. If granted this will provide a more than fourfold increase in ORD's strategic foothold in the Tanami region.
Suplejack hosts an inferred resource of 2.44 million tonnes at 1.29 grams per tonne gold, using a 0.5 g/t cut-off, for 101,300 ounces of contained gold.
Several major deposits lie in the immediate vicinity including Tanami Resources (ASX:TAM) 2.673 million ounce Groundrush gold deposit.
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