Ora Banda Mining (ASX:OBM) has reported significant high-grade drill results at its Waihi Project, with targeted follow-up drilling on the Golden Pole Lode continuing to expand the mineralised envelope.
Highlights include intercepts of 7m @ 27.4 g/t Au, including 2.0m @ 87.5 g/t, and 2.2m @ 56.3 g/t Au, including 1.8m @ 67.7 g/t, confirming substantial down-plunge extensions beneath historical workings.
The company has scheduled a further 20 holes for infill and extensional drilling, adding to the ongoing 97-hole program across the broader Waihi Project, which has also returned high-grade results at Waihi East and Homeward Bound, and identified a potential new lode west of Golden Pole.
Located 3km from Ora Banda’s Davyhurst processing plant, the Waihi deposit is being targeted as a potential third underground mine, with an updated mineral resource estimate incorporating Golden Pole expected in the June quarter.