Orange Minerals NL announced that it has completed a Phase 2 drill program at the Calarie Gold Project (Calarie) in NSW. The Phase 2 programme is a follow up to the successful Phase 1 RC drill programme completed at Calarie in December 2021. Five diamond holes have been completed in the Phase 2 drill program at Calarie with a total of 1,170 metres drilled.

The drilling was planned to validate historical drill holes and look to extend mineralised zones below the historical workings. All drill holes intersected the sheared steeply dipping mineralised contact between sediments and Daroobalgie volcanics. This zone is highly sheared with associated quartz veining and brecciation, strong sericite/carbonate alteration and abundant pyrite with minor chalcopyrite.

Diamond drill samples are currently being processed, with a number to be dispatched to the laboratory for assay in the coming days. First results are expected to be received in October 2022. Following the receipt of assay results the Company intends to undertake a resource review at Calarie.

A program of five diamond holes (OCDD001 ­ 5 for 1,170m) was recently completed at Calarie to validate previous significant intercepts in RC holes and extend mineralisation below the old workings. Assays are pending and are expected in October 2022.