ORP 5.71% 3.7¢ orpheus uranium limited

confirms potential for major epithermal system

  1. 19,620 Posts.
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    Another day goes buy ORP announces very significant gold news to bring them another step forard to becoming a gold producer & the market totaly ignores ORP achievments:



    • Drilling has encountered massive alteration at depth with potential to overlie a large epithermal system.

    • High grade mineralisation identified at newly discovered Ali Vein, located west
    of the Sarahan Vein including rock chip assay samples of 136 g/t gold; 15.8 g/t
    gold; 11.2 g/t gold; 61 g/t gold; 22.7 g/t gold and 1,250 g/t silver.

    * Discovery of a new high-grade vein
    system located to the west of the Sarahan Vein.

    * The only deep hole drilled into this Sarahan Vein system intersected massive alteration which has the
    potential to overlie a large epithermal system with high grade mineralisation.

    * Significant silver credits over a 330m strike length

    �� Potential to host very high grade mineralisation - grades up to 136 g/t Au already encountered;

    �� Proximal location to Sihayo-Sambung deposits with Inferred Resources presently totalling
    710,000oz – updated resource estimate due in early April

    �� Studies of other epithermal vein systems show strong vertical stratification and that very rich gold
    mineralisation may underlie weakly mineralised or barren veins near to or at surface (see Figure
    1); and,

    �� The predominantly north-south orientation of the veins indicates the veins form tension-gash
    structures in the northwest-southeast orientated Sumatran Fault Zone, an ideal structural
    environment for major gold mineralisation.

 
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