Orion Minerals Ltd (ASX:ORN) is continuing to progress its resource drill-out program at the Prieska Zinc-Copper Project in South Africa.
Eighteen diamond drill rigs are currently deployed for infill drilling to increase sample density in the Deep Sulphide resource, with the objective of achieving an updated resource estimate in Q4 2018.
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Since drilling commenced in May 2017, Orion has completed 31 mother holes and 37 deflections into the Deep Sulphide Target.
Analytical results for one mother intersection and one deflected intersection are awaited.
Drilling continues with 18 active diamond drill holes in the hinge zone of the North-West Target area and the south-east continuation of the Deep Massive Sulphide on the Vardocube Prospecting Right.
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Orion managing director and chief executive officer Errol Smart said: “We continue to be pleased with the progress on the Prieska Project resource drill out.
“Feasibility work, including provisional mine development layouts are reaching advanced stages and await the final block model which will be finalised when drilling is completed.
“The block plans and mine layouts will then be fed into mine scheduling software to optimise the extraction plan and mine financial model.
“We are on track to complete the BFS (bankable feasibility study) in late 2018 or early in the new year.”