Orange Minerals NL (ASX: OMX) (“Orange” or “the Firm”) is happy to announce that it has obtained important assay outcomes from latest rock chip sampling on the Lennon’s Discover undertaking close to Marble Bar within the Pilbara (Determine 2).
HIGHLIGHTS
- Vital gold, silver and base metallic outcomes from rock chips, validating historic work at Hammerhead and Tiger deposits.
- Highest values: Gold (5.45 g/t OLRS4), Silver (988 g/t OLRS4), Copper (4.96% OLRS4), Lead (12.07% OLRS2) and Zinc (4.44% OLRS6)
- Planning for additional floor works in Q1 2025 underway, in-conjunction with utility for Exploration Incentive Scheme (EIS) for co-funding of a deep diamond drill program
Determine 1 – OMX Rock Chip Pattern Places – M 45/368
Rock Chip Sampling
5 rock chip samples had been collected throughout the latest Lennons Discover IP survey to validate samples collected by Jabiru Metals Restricted in 2005 (Determine 1). 4 of the samples had been taken on the Hammerhead gossan and one pattern from the Tiger deposit. Twenty-four samples had been collected by Jabiru Metals Restricted in 2005, over a strike size of 4km alongside the Lennons Discover principal zone. The very best assay outcomes from the Orange Minerals pattern had been gold (5.45 g/t OLRS4), silver (988 g/t OLRS4), copper (4.96% OLRS4), lead (12.07% OLRS2) and zinc (4.44% OLRS6). These outcomes correlated nicely with excessive grade values within the Jabiru Metals samples. Jabiru Metals assays are reproduced in Appendix 1 and Orange Minerals samples in Desk 1. For historic drillhole collars and outcomes see Laconia Sources Restricted ASX bulletins (9 March 2011, 3 October 2011 and 12 October 2011).
Desk 1 – Lennons Discover Rock Chip assays
Determine 2: – Lennons Discover Location Map
Background Lennon’s Discover
In August 2023 a binding time period sheet was entered into with Musketeer Mining Ltd, to amass as much as a 75% share within the Lennon’s Discover Polymetallic Venture 75km south-east of Marble Bar within the Pilbara area, WA. Lennon’s Discover features a Mining Lease with an Inferred Mineral Useful resource of 1.55 Mt at 5.9% zinc, 0.2% Cu, 1.6% Pb, 0.28 g/t Au, and 84g/t Ag (Optiro 2019).
Orange can earn 51% of the Lennon’s Discover Venture (M45/368) by spending A$500,000 by 31 March 2026 (which included an upfront fee of A$200,000). Orange might earn as much as 75% of the Lennon’s Discover Venture by spending a further A$500,000 (A$1.0 million in whole) by 31 March 2028.
Determine 3- Lennon’s Discover Mining Lease M 45/368
Geological Setting
The Lennon’s Discover undertaking is positioned within the Archean Marble Bar greenstone belt on the SE boundary of the Mount Edgar Batholith. The greenstone rocks are comprised of felsic schists of the Duffer Formation overlain by the Apex Basalt, and each formations are a part of the Warrawoona Group. The bundle dips to the SE beneath, or faulted towards, rocks of the Fortescue Group. The Duffer Formation is comprised of three laterally persistent items: a basal quartzo – feldspathic schist (Unit 1), meta sedimentary rocks, principally psammites and pelites (Unit 2) and an higher quartz – muscovite schist (Unit 3). All of the identified base metallic sulphide deposits happen throughout the higher a part of the Duffer Formation.
Base metallic mineralisation at Lennon’s Discover is taken into account to be VMS model and has been mapped over a strike of 4.5km as discontinuous gossans and disseminated sulphide zones (Determine 4). The bottom metallic mineralisation is predominantly Zn – Pb – Cu – Ag – Au, with important quantities of barite, and happens as stratiform, lenticular our bodies. 5 deposits have been recognized being Gray Nurse, Tiger, Hammerhead, Mako and Bronze Whaler (Determine 3).
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