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Ora Banda Mining updates Callion Open Pit Mineral Resource at Davyhurst Gold Project

  • May 15, 2020 01:03 PM AEST
  • Team Kalkine

Ora Banda Mining Limited (ASX: OBM) has announced that the Mineral Resource at the Callion deposit, one of the five advanced targets at the Davyhurst Gold Project, has been increased by 114% to 269 Kt @ 3.5 g/t for 30,000 ounces of contained gold (up from 169 Kt @ 2.6 g/t Au for 14,000 ounces of contained gold) and includes an Indicated Resource of 241 Kt at a substantially higher grade of 3.7 g/t Au for 28,700 ounces of contained gold. Further updates on mineral resource expected and detailed open pit mine design for Callion is under progress.

The OBM stock was trading at AU$ 0.200, up 8.10% at AEST 12.57 PM on 15 May 2020.

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