Orion Minerals Ltd (ASX:ORN) has received positive fixed-loop electromagnetic (FLEM) survey results revealing conductor targets at the Boksputs area within its Masiqhame Project in South Africa.
The company is targeting volcanogenic massive sulphide (VMS) zinc-copper mineralisation at Masiqhame.
The high conductance of the modelled plates suggests massive sulphide mineralisation.
Furthermore, the modelled conductors coincide with highly prospective stratigraphic and structural settings.
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Orion’s managing director and CEO Errol Smart said: "The fixed loop TDEM survey is rapidly confirming our expectations from the SkyTEM survey.
“The combination of strong conductors identified in close proximity to known zinc-copper sulphides is very encouraging.
“Orion continues to identify and prioritise drill targets on the Masiqhame prospecting right.”
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Orion’s flagship asset is its Prieska Zinc-Copper Project also in South Africa where drilling is underway.
As at last week, eight diamond drill rigs remained deployed for infill drilling purposes with the objective of achieving an updated resource in the December quarter of 2018.