OGX orinoco gold limited

Along with HM3 results, I'll be looking for some initial assay...

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    Along with HM3 results, I'll be looking for some initial assay results from Antena-Xupé

    March 3rd 2018.
    • Antena – Xupé deposits are 8km south of Cascavel and were mined in the past by Troy Resources.
    • Troy left five shallow open pits that Orinoco hopes to re-open pending more drilling and approvals.
    • A recent 70kg sample taken from the wall of the Antena south pit returned 13.97 g/t Au.
    • Chip sampling detected outcropping with values of up to 54.9 g/t Au.
    • Deposits are legally inside two mining leases which should make environmental licensing easier.
    • The team has carried out data reinterpretation, field mapping, chip sampling and IP survey.
    • IP survey executed by OGX combined with historical IP and drilling data shows that the ore body is folded and continues both along the plunge and strike. The orebody is completely open at depth.
    • Historical drilling results shows shallow unmined resources down the shallowly dipping plunge:
    [email protected]/t (from 11m) incl. 23m @2.4g/t (from 16m) and [email protected]/ton (from 33m)- (GVD 467).
    • OGX’s 11 hole drilling program is estimated to cost A$350,000 (pre assays) and commenced on the 26th of
    February. Drilling should be complete by the end of March and is being conducted by Servitec Foraco.
    • First drill core will be sent for assay later this week and announced in April.

    March 13th 2018
    "Once our Hammer Mill 3 is running to Richard’s high standards, he will introduce a second shift that will focus on processing the tailings each day. This will provide an excellent blending material for our high grade underground feed. When our Hammer Mill 4 is scheduled to hit its strides in late April, I would like to think that we could lift daily throughput above our 500 tonnes per day medium-term target by blending
    both feeds."

    Looking forward to seeing how high Richards standards are... I think we may all be pleased.
    Then onto HM4.
 
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