Ora Gold Limited announced that the recent air core drilling program has returned excellent gold intersections at the Transylvania gold prospect, Kingswood prospect (Abernethy Shear Zone) and the Crown Prince East gold prospect. The recent air core drilling program consisted of forty-four holes totalling 2,792m drilled over four prospects to a maximum depth of 93m. Kingswood Gold Prospect - Abernethy Shear Zone P51/1790): Twenty-three air core holes for a total of 1,702m were completed over the Kingswood prospect.

The mineralisation in the Abernethy Shear Zone is completely concealed under cover and previous explorers have drilled shallow holes intersecting gold mineralisation at the contact with an intrusive tonalite along a strike length of over seven kilometres. It is noted that several mineralisation styles were encountered with most gold values being hosted by the competent felsic intrusive/tonalite. The best assays were located where the base of oxidation is at the tonalite/metasedimentary contact.

The structural setting and lithology are quite variable, with the tonalite intrusive rocks swelling and pinching along the tested strike length. A stockwork/porphyry-style of mineralisation is also present where the tonalite intrusion is emplaced within the dominant chlorite schist/metabasaltic unit which is a better reductant environment for the gold mineralised fluids. It was also noted that where the tonalite is thicker, the gold content tends to be enriched on the hanging wall of the competent intrusive tonalite.

In addition to the large deposit potential of the tonalite itself, the contact zones and cross faults in the tonalite are extremely good targets for substantial gold deposits, such as at Cue and Day Dawn areas. As the current drill holes are wide-spaced along a portion of the Abernethy Shear Zone, additional extension drilling and infill and deeper drilling is required. A gravity survey is being considered to better define the tonalite contacts under the cover and shallow diamond drilling will be required to gain structural and metallogenic data of the extensive mineralised system.

Fourteen short and vertical air core holes for a total of 665m were completed over the Transylvania prospect and most of them have intersected mineralised shear zones. The current drilling at Transylvania was designed to follow up the previous gold intersections and infill the central part of the SAM target (sub-audio magnetic target, TR01) which was previously defined over an area of scattered shallow old workings and limited shallow drilling. During the current program, all holes were vertical and most have intersected mineralised shear zones trending north-north/easterly with steep westerly dips.

Gold intercepts are hosted within a well-defined shear zone located between two mafic units. Mineralised shoots, with a dominant south-westerly plunge, are present within this 25-30m wide deformational zone called Transylvania Shear. The prospect is located 700m east of the Crown Prince deposit and the whole area is covered by transported cover with remnants of lateritic caps.

Several east-west lines of soil sampling were done by Doray Minerals Ltd. (Doray) in 2012 and highly anomalous gold values up to 334ppm were returned. Doray also completed two air core lines were drilled easterly and sporadic gold intersections were encountered with the best one of 8m at 2.89g/t Au in CKAC018. During the current drilling program, 6 holes were drilled north-easterly (OGGAC415-420) totalling 366m.

The main target was a north-west trending anomaly defined by the soil geochemistry and some limited sampling of the lateritic caps present over the prospect area. Highly arsenic levels are present within the deep saprolite zone, but only several narrow intervals of gold mineralisation were intersected within OGGAC416 and 418. Hole OGGAC419 was abandoned at 9m and OGGAC420 missed the ultramafic contact within the depleted saprolite zone.

Deeper reverse circulation drilling is planned to properly test the gold and arsenic anomaly to the north-west and south-east, as the lithological and structural setting show strong similarities with the Crown Prince deposit. Due to wet ground conditions, only one hole was drilled at Lydia North prospect. Hole OGGAC421 was abandoned at 59m when the drill sting was stuck due to a blocked hammer within swelling clay.

All other proposed holes have been postponed and will be included in the next drill program.