Ora Banda Mining Expands Mineralized Envelope at Western Australia Prospect; Shares Up 4%

MT Newswires Live

03/12

Ora Banda Mining (ASX:OBM) expanded the mineralized envelope at the Little Gem prospect within its Davyhurst project in Western Australia to over 1,500 meters of strike and 750 meters below surface, with mineralization remaining open in all directions, according to a Thursday filing with the Australian bourse.

Drilling at the Sunraysia prospect also found high-grade mineralization, including intersections of nine meters at 4.1 grams per tonne and three meters at 9.3 g/t, the filing said.

Additionally, the company discovered the Sapphire Trend, which presents as a new potential lode system, per the filing.

Shares rose 4% in morning trade on Thursday.

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