Ora Gold Limited announced that the previous air core and recent diamond hole have returned encouraging gold intersections at Kingswood prospect and the assessment of previous work along the entire Abernethy Shear Zone indicates potential for significant gold discoveries within this deep crustal structure. The core from the recent diamond hole has added significant structural and geochemical data on the tonalitic intrusion and its gold potential along the 4km strike length between Abernethy Well South and Airstrip gold prospects. Abernethy Shear Zone is one of the best-defined mineralised structures in the entire Abbotts Greenstone Belt and has the potential to significantly increase gold resources in addition to Crown Prince, Lydia and Transylvania.

It has been targeted in the past by various explorers including WMC Resources Ltd., Tantalum Australia NL, Australian Gold Mines, Accent Resources and more recently Doray Minerals Ltd. It is completely concealed by transported cover and was defined by sparse drilling between the Viking prospect to the north-east, and Abernethy Well South to the south-west over a strike length of more than seven kilometres. Apart from the Kingswood prospect, many gold occurrences have been previously drilled along the Abernethy Shear Zone and shallow targets include outcropping basement to the east of the Airstrip prospect where the transported cover is very thin. In addition to gold mineralisation, the zone remains prospective for sulphide-related deposits as indicated by the Doray, 2013 electromagnetic survey, which identified many basement conductors that remain untested.

Interpretation of the lithology from historical drilling shows that the best gold intersections were returned from the strongly deformed footwall and hanging wall of a competent tonalitic intrusive with the metasediments and chloritic schists. Limited air core drilling undertaken by Ora Gold in November 2021 returned encouraging gold intersections at the Kingswood prospect over 1.6 kilometres on the median part of the Abernethy Shear Zone and where most of the drilling was undertaken by Doray Minerals during the 2011-2012 exploration program. Kingswood Gold Prospect-Abernethy Shear Zone Diamond hole OGGDD439 was drilled easterly at the Kingswood prospect totalling 225.4m and was aimed to gain structural, lithological and metallogenic information of the tonalitic intrusive emplaced within the Abernethy Shear Zone.

The hole was designed to also test the down dip extension of previous gold mineralisation intersected by air core drill holes. The hole was drilled from surface with HQ diameter to the depth of 95.4m and reduced to NQ2 to the final depth of 225.4m. The current detailed core logging, systematic hand-held XRF readings and petrological samples show a complex mineralised felsic-intermediate-mafic intrusion within this section of the regional Abernethy Shear Zone which is located within the proximity of the granitic continental margin.

Petrographic and mineragraphic descriptions of various sections of the core done by Craig Rugless from Pathfinder Exploration Pty. Ltd. show that the tonalitic intrusion has both margins of quartz-dioritic composition. It is suggested that the felsic core of the high-level intrusion could be differentiated from the same type of magma.

Petrology shows a leuco-tonalite rock for the more competent and brittle core which hosts various quartz veins with sulphidic veinlets consisting of pyrite, sphalerite, pyrrhotite, chalcopyrite, arsenopyrite and grains of electrum-gold. Most of the brecciated zones with high density of quartz veining, in places, are also hosted by the felsic leuco-tonalite. Significant sections of core loss have been recorded within the hanging wall of the felsic core due to friable consistency of the rock and difficult ground conditions.

The more intermediate/mafic edges are strongly deformed and remnants of melanocratic minerals and skeletal grains of magnetite are also present. Low-grade gold mineralisation is also present within more ductile zones of quartz-diorite rocks.