Within the Areachap Belt, Orion holds a 1,790km2 land-holding that offers outstanding potential for the discovery of both Volcanogenic Massive Sulphide (VMS) mineralisation and intrusive Ni-Cu-PGE mineralisation.
Namaqua-Disawell Project (Nickel, Copper, Cobalt, PGE)
The Namaqua-Disawell Project, located 80km north west from Orion’s flagship Prieska Zinc-Copper Project, represents a high-quality discovery and development opportunity in the well-endowed Northern Cape Province of South Africa.
The project hosts the Jacomynspan Ni-Cu-Co-PGE deposit, where Orion has declared a maiden Mineral Resource of 6.8Mt containing an estimated 39.5t of nickel, 23.1t of copper and 1.8kt cobalt (refer ASX/JSE release 8 March 2018) (View full Resource statement).
In addition to the Jacomynspan deposit, Orion believes the Namaqua-Disawell Project also offers substantial exploration potential for higher-grade, massive and semi-massive accumulations of nickel-bearing sulphides, analogous to the Kabanga Deposit (Tanzania) and the Nova-Bollinger Deposit (Fraser Range Province of Western Australia).
Airborne electro-magnetic survey work and geochemical sampling has identified a series of ultramafic intrusions, which have collectively been named the Jacomynspan Intrusive Suite.
The Jacomynspan Intrusive Suite includes the high-priority Rok Optel nickel-copper target, where recent drilling has confirmed the presence of massive sulphide mineralisation.
The results of these drill holes indicate the presence of a complex of at least five sills orientated north-south and dipping at 40 degrees to the west. The intrusion remains open at depth and along strike to the north and south, with the potential for an economic discovery.
The Namaqua-Disawell Project is subject to an earn-in agreement, whereby Orion Minerals can earn-in to acquire an effective 59.2% interest in the project area. Read further details of the earn-in agreement.
Masiqhame Project (Zinc, Copper)
The Masiqhame Prospecting Right is located 100km north of the Prieska Zinc-Copper Project and comprises an area of almost 980km2.
The project area includes numerous zinc-copper mineral occurrences and known VMS deposits at Kantienpan and Boksputs.
Ongoing exploration activity has been focused on the Kantienpan deposit and includes geological mapping over five SkyTEMTM and FLTEM anomalies identified from a regional SkyTEMTM survey completed in 2018, as well as soil sampling and mapping to the north and south along strike from the Kantienpan deposit.
Marydale Project (Gold, Copper)
The Marydale Project is a greenfields gold discovery located 60km north of the Prieska Project.
Orion is currently reviewing the potential of the Marydale Gold-Copper Deposit, based on a new interpretation that the control on the mineralisation is shear hosted.
All historical data is currently being reinterpreted, and if this new interpretation indicates that the deposit is amenable to small scale mining, Orion will apply for a mining permit.