Octagonal Resources Limited (ASX: ORS) – $0.012 (+9%)

15 Jan 2015

Octagonal Resources Limited (ASX: ORS) has completed southern development on 1080 level at the Alliance South Deposit within the Maldon Gold Operation in central Victoria.

 

Sludge hole drilling into the Western Reef from 1100 and 1080 levels continues to intersect high grade gold including:

 

  • 2 metres at 27.7g/t Au
  • 2 metres at 14.8g/t Au
  • 6 metres at 15.9g/t Au
  • 4 metres at 26.7g/t Au

 

Following the intersection of the 1080 level in September 2014, the reef has now been developed over 133 metres strike length with 259 face channel samples collected from 47 mining faces.

 

The Maldon Gold Operation (Figure 1), including the Alliance South Mine is subject to a Share Sale Agreement with A1 Consolidated Gold Limited (ASX: AYC), announced to the market on 29 December 2014.

 

ORS Maldon Gold Processing Plant

Figure 1. Maldon Gold Processing Plant

 

For further information, visit www.octagonalresources.com.au

 

 

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