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ORION MINERALS LTD (ASX:ORN) - Ann: Compelling Ni-Cu targets for immediate drill testing, 34117827, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
ORN
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6.25% 1.7¢ orion minerals ltd

Not really sure what to make of this. So it seems ORN have...

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  1. Geeenius
    632 Posts.
    lightbulb Created with Sketch. 26
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    03/07/18
    21:15
    Post #: 34117827
    Not really sure what to make of this. So it seems ORN have substantial ownership or at least buy-in rights to the Ni-Cu Jacomynspan Project in the Areachap belt. And they may be seeking mining rights to this project? I have no feel for whether its a good potential mine in its own right or not to be honest. Is
    6.8Mt containing 39,480 tonnes nickel, 22,800 tonnes copper, 1,800 tonnes cobalt at a 0.4% Ni cut-off with grades of 0.57% Ni, 0.33% Cu and 0,03% Co​
    good? Seems small?

    But in any event, the new advanced EM surveys are showing similar but much higher reactions to other nearby intrusions in the same belt, the implication being there is potential for a much bigger/higher grade discovery to that of Jacomynspan. Previous boreholes at those nearby targets, although picking up OK Ni/Cu hits, it seems missed the main ore body as now known from the EM. Drill rigs are on the way to better test those bodies.

    So I would say potentially very exciting...although no reaction in the market
    ORN Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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