Orange Minerals Advances Exploration at Lennon’s Find Gold Project

Orange Minerals NL-OMX-OMX glowing on cliff at sunset.

Orange Minerals NL

  • ASX Code: OMX
  • Market Cap: $13,746,372
  • Shares On Issue (SOI): 165,618,941
  • Stunning Silver Results at Lennon's Find as Orange Minerals Prepares for Deep Drilling

    Orange Minerals (ASX: OMX) has reported exceptional high-grade silver, gold, and base metal results from rock chip sampling at its Lennon's Find project in Western Australia, heightening excitement ahead of planned diamond drilling to test a potentially significant mineralised feeder zone.

    The rock chip sampling along the project's 4.5km mineralised corridor returned 2,948 g/t silver, 3.55 g/t gold, and 17.4% lead from a single sample, confirming the high-grade potential of the system. Multiple other samples delivered impressive results, including 746 g/t silver with 3.4% copper and 5.5 g/t gold with 22.4% lead.

    These results significantly boost confidence as Orange Minerals prepares to drill a 650-metre diamond hole in November to test a deep induced polarisation (IP) anomaly beneath the existing mineral resource of 1.55 Mt at 5.9% zinc, 0.2% copper, 1.6% lead, 0.28 g/t gold, and 84 g/t silver.

    Deep Drilling to Test Potentially Game-Changing Anomaly

    The upcoming diamond drill program represents the first deep test of what could be a significant VMS (Volcanogenic Massive Sulphide) system at Lennon's Find. The drilling will target a pronounced IP anomaly interpreted to represent the feeder zone to the known zinc-lead-silver mineralisation at surface.

    "The rock chip sampling has continued to confirm the strength of the mineralised corridor and refined our understanding of the system's geometry," said Orange Minerals Managing Director Chris Michael. "The upcoming 650-metre diamond hole will directly test the centre of the IP anomaly, which we interpret as the potential feeder zone of a larger VMS system beneath the surface."

    The program is partially funded through a $110,930 grant from the WA Government's Exploration Incentive Scheme (EIS), demonstrating external validation of the project's potential.

    Understanding VMS Systems: Why Feeder Zones Matter

    VMS deposits typically form from hydrothermal fluids on or near the seafloor, creating stratiform metal-rich zones. The "feeder zones" represent the channels where hot metal-bearing fluids originally escaped from underlying rocks. These zones often contain the highest-grade copper and gold mineralisation in VMS systems.

    At Lennon's Find project by Orange Minerals, the existing resource appears to represent the upper portions of a VMS system. The upcoming drilling will test whether a potentially higher-grade copper-gold feeder zone exists at depth, which could significantly enhance the project's economic potential.

    Unlike previous shallow drilling that focused on the oxide potential of known deposits, this 650-meter hole aims to test the system's depth potential for the first time, potentially revealing a much larger mineralised system than currently defined.

    Strategic Location in Western Australia's Pilbara Region

    The Lennon's Find project is strategically located in the Archean Marble Bar greenstone belt, a highly prospective geological setting known for hosting significant mineral deposits. The project's geology features the felsic schists of the Duffer Formation overlain by the Apex Basalt, both part of the Warrawoona Group.

    Five deposits have already been identified along the 4.5km strike length at Lennon's Find:

    • Grey Nurse
    • Tiger
    • Hammerhead
    • Mako
    • Bronze Whaler

    All these deposits are situated within the upper part of the Duffer Formation.

    The project's proximity to established infrastructure in Western Australia's Pilbara region enhances its development potential, providing access to roads, power, and processing facilities if exploration continues to deliver positive results.

    Exploration Approach: Building on Historical Work

    Orange Minerals has taken a systematic approach to exploring Lennon's Find, building upon historical work conducted by previous operators. The recent rock chip sampling complements historical soil geochemistry, which identified broad anomalism covering the mafic schists of the Apex Basalt.

    Furthermore, the combined dataset shows the IP anomaly is coincident with a magnetic linear trend and an overlying fault, increasing its prospectivity. This multi-disciplinary approach to target generation enhances confidence in the upcoming drill target.

    The company's exploration team collected thirty-five new rock chip samples from the 4.5km mineralised trend, specifically targeting areas to validate historical programs and infill gaps in previous sample surveys where the zone thins or has been displaced by northeast-southwest faults.

    Investment Perspective: Why Lennon's Find Matters

    For investors following Orange Minerals, the Lennon's Find Project represents a compelling opportunity for several reasons:

    1. High-Grade Potential: The exceptional silver, gold, and base metal grades in surface samples suggest significant mineralisation potential.

    2. Systematic Exploration: The company's methodical approach, building on historical data and using modern exploration techniques, increases the probability of exploration success.

    3. Untested Depth Potential: Despite having a defined resource, the project has never had any deep drill testing, presenting a significant opportunity to expand the resource base.

    4. Government Support: The WA Government's financial backing through the Exploration Incentive Scheme validates the project's technical merit.

    5. Strategic Portfolio Position: Lennon's Find complements Orange Minerals' broader portfolio, which includes the Calarie & Wisemans Creek gold/base metal Projects in NSW, the Majestic/Kurnalpi gold project in WA, and the Mulga Rocks Uranium/Critical Minerals Projects.

    What's Next for Orange Minerals at Lennon's Find?

    Terra Drilling has been contracted to commence the 650-meter diamond hole in early November. The drill pad is already prepared, and all necessary planning has been completed.

    This hole will provide valuable information about the deeper potential of the Lennon's Find project by Orange Minerals and could be transformative if it confirms the presence of a high-grade VMS feeder system.

    For investors watching the junior resources sector, the November drill program represents a potential catalyst for Orange Minerals, with results likely to significantly influence the company's exploration strategy and market valuation heading into 2026.

    Technical Focus: VMS Deposits in Western Australia

    VMS deposits are particularly significant in the resource sector as they can host substantial concentrations of base and precious metals. These deposits form in submarine environments where hydrothermal fluids exit the seafloor through "black smoker" vents, creating accumulations of sulphide minerals.

    Key characteristics of VMS deposits include:

    • Stratiform Nature: They typically form as lens-shaped bodies parallel to seafloor stratigraphy
    • Metal Zoning: Often display vertical and lateral zoning of metals, with copper-gold typically concentrated in feeder zones
    • Multiple Lenses: Frequently occur as clusters of mineralised lenses along favourable horizons

    Western Australia hosts several significant VMS deposits, including Golden Grove and Jaguar. The Lennon's Find project by Orange Minerals shows geological similarities to these established deposits, particularly in its stratigraphic setting within felsic volcanic rocks.

    The upcoming deep drilling program at Lennon's Find will test whether the known near-surface mineralisation connects to a larger system at depth, potentially unlocking significant additional value for Orange Minerals and its shareholders.

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