Gold exploration company, Ora Banda Mining Limited (ASX: OBM), has announced 190% increase in the Waihi Mineral Resource (Indicated and Inferred) from 0.9 Mt @ 2.4 g/t Au for 71,000 ounces of contained gold to 2.46 Mt @ 2.6 g/t for 206,000 ounces of contained gold.
OBM’s total Mineral Resource is now at 23.8 Mt @ 2.6 g/t Au for 1.99 million ounces of contained gold.
The recent update is a result of the successful completion of a 65 RC drill hole (6,313 m) and 15 Diamond drill hole (3,656 m) resource definition and extensional drilling program at Waihi. Detailed mine design for Waihi now underway.
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