Thani Stratex Djibouti - Hesdaba and Assaleyta projects10 Feb 2021 23:04
ORR has 11.8% interest in "Thani Stratex Djibouti" (TSD).
Results from both Hesdaba and Assaleyta are anticipated in Q1-2021.
From 22 Dec 2020 RNS...
(1) Hesdaba epithermal gold project:
The Hesdaba Permit hosts a series of parallel epithermal vein systems with a combined strike length in excess of 16km.
A Phase 1 drilling programme was commenced earlier this year to test three main prospects namely Maranzana, Caravan and Red Horns. Initial reported results included a best diamond drilling intersection of:
* 15.00m grading 4.08 g/t Au from 53.00m, including 5.00m grading 11.11 g/t Au (Hd-D-08) and a best RC intersection of 12.00m grading 1.99 g/t Au from 14.00m, including 6.00m grading 2.17 g/t Au and 3.00m grading 3.12 g/t Au (Hd-R-04), both from the Red Horns prospect.
(2) Assaleyta project:
A Phase 2 drilling programme is now underway at Assaleyta for a planned 1,000m diamond drilling and 1,600m RC drilling;
The system is exposed over a vertical interval of 150m, and 3km along strike. The channel sampling returned best intersections of 15.70m grading 5.05 g/t Au, 6m grading 10.35 g/t Au and 26m grading 4.72 g/t Au (calculated using a 0.3 g/t Au cut-off), whilst five selective grab samples assayed >20 g/t Au (highest grade of 41 g/t Au).
In 2016, a limited Phase 1 drilling programme was completed across the three main prospects, Porcupine Hill, Red Eagle Mountain and Black Mamba. The drilling confirmed vertical continuity of the system to a depth of at least 175m and returned best intercepts of 17.38m grading 2.25 g/t Au from surface (AY-DD-01) and 5.18m grading 4.50 g/t Au from 12.09m and 1.58m grading 8.67 g/t Au from 177.19m (AY-DD-03) (calculated using a 0.3 g/t Au cut-off).
I am just overwhelmed with the amount of news that is getting packed into Q1.
ORR in my view is getting set for a huge re-rate in coming days/weeks. We so busy with Senala, Bibemi, Wapouze that i did not even pay attention to TSD.
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