Strong New Drill Results at Riverina, Waihi & Little Gem

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Stock Ora Banda Mining Ltd (OBM.ASX)
Release Time 10 Jun 2025, 8:33 a.m.
Price Sensitive Yes
 Strong New Drill Results at Riverina, Waihi & Little Gem
Key Points
  • Infill drilling at Riverina Deeps returns numerous high-grade intersections, confirming a robust and continuous mineralised system
  • Initial drilling at Waihi intersects a new mineralised zone with high-grade gold
  • Broad spaced drilling at Little Gem extends the mineralised carbonate system over a 5km strike
Full Summary

Ora Banda Mining has reported strong new drill results from its Riverina, Waihi and Little Gem prospects within the Davyhurst Gold Project. At Riverina Deeps, infill drilling between 500 to 1,000 metres below surface has returned numerous high-grade intersections, confirming a robust and continuous mineralised system with significant potential for future mine life extensions. The first seven-hole program at Waihi has intersected a new previously unidentified mineralised zone in the footwall of the main mineralisation, presenting a broad new target zone for additional drilling. At the Little Gem prospect, a broad spaced drilling program has successfully extended the mineralised carbonate system, confirming a regionally significant >5km continuous strike trend. The company remains highly active on the drilling front, with five surface rigs and five underground rigs producing over 850 metres of diamond core per day as it looks to rapidly grow its mineral resources, extend existing project mine life and identify new mines to develop.