Orbit kicks off partner-funded NSW copper-gold drilling

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Orbit Resources has started partner-funded drilling at its Goodrich copper-gold project in NSW, targeting extensions to a previous porphyry discovery that hit 136.55m of mineralisation.

Orbit Resources has fired up the drill rig for a second stage of partner-funded diamond campaign at its Goodrich Porphyry prospect, 70 kilometres south-west of Orange, within the highly prospective Lachlan Fold Belt in New South Wales.

The four-hole, 1000-metre program follows July’s stage-one discovery of the aptly named “Pencil Porphyry” - a narrow, vertically extensive mineralised structure - which delivered a solid hit of 136.55m grading 0.32 per cent copper, 0.16 grams per tonne (g/t) gold and 43g/t molybdenum from 81.45m. That intercept also contained a richer 3.55-metre core running at an impressive 2.8 per cent copper.

Geologically, the company’s initial discovery was a textbook hit, intersecting a chalcopyrite-bearing monzonite porphyry. The intrusion also exhibited mineralised “unidirectional solidification textures”, key pathfinders for large ore systems, suggesting the ground may hold further treasures lurking below.

The new drilling will test the lateral and down-dip extent of the interpreted porphyry system and investigate its continuity with historical copper-gold intercepts associated with the project’s nearby Goodrich open pit.

Orbit’s joint venture partner, Canadian-listed Great Plains Metals Corp, is fully funding the program and is now providing an additional $1 million of work, including a minimum of 500m of drilling under the joint venture agreement as it works towards earning a 70 per cent stake. The deal will leave Orbit holding a 30 per cent interest, giving it cost-effective exposure to further exploration success without having to foot the bill during the earn-in period.

Orbit Resources managing director Jeneta Owens said: “Stage-one drilling at Goodrich returned a broad interval of copper-gold-molybdenum mineralisation from relatively shallow depth. Stage-two drilling is now underway and is designed to test how far the existing porphyry extends, and whether it connects with the shallower historical copper-gold intercepts around the Goodrich…

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