Orion Gold (ASX: ORN) is now on the gold nickel exploration trail in the highly prospective Fraser Range / Tropicana belts in Western Australia, following due diligence to acquire a new tenement package from Kamax Resources.
From the deal Orion acquired over 900 square kilometres of licences in the Tropicana Belt and Fraser Range Province, along with around 670 square kilometres of additional applications in the two belts.
Orion will target massive sulphide accumulations within or on the margins of the mafic intrusions, with the company engaging Southern Geoscience to monitor QA/QC of data acquisition and interpret the results of the HeliTEM survey.
Mobilisation to site has commenced with the survey anticipated to be completed in early June.
Orion had $2.4 million in cash at the end of March 2013.
Orion discovers visible gold in Victoria
In other Orion news, diamond drilling has been completed at the Longfellow’s prospect where visible gold was intersected, which is located within the Walhalla Gold-PGE Project in Victoria.
courtesy of Proactive Investors Australia
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