Orion Gold (ORN)

Shares / Stock Code

ORN

Stock Exchange / Sharemarket

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Orion Gold (ORN) is an Australian gold exploration company focused on delivering value to shareholders through the successful exploration of the Company’s highly prospective tenement holdings located in the Walhalla goldfields of Victoria. The Walhalla region is Victoria’s sixth largest historical gold producing region with over 400 known reef and alluvial gold deposits. Investors can trade Orion Gold shares on the Australian Stock Exchange (ASX).

Cohen’s reef, which is located within the Company’s Walhalla tenement, was mined in the late 1800’s early 1900’s to a depth of over one kilometre and produced around 1.5 million ounces of gold with mining ceasing in 1914 in high grade mineralisation. The many known high quality reefs located within the Walhalla goldfields highlight the enormous potential of the Company’s tenements which are located in one of the world’s major orogenic gold provinces.

ORN was incorporated in December 2001 and listed on the Australian stock market on 31 October, 2003 under the name Goldstar Resources (GDR). The company changed its name to Orion (ORN) in June 2009. ORN is focused on the exploration, development and commercialisation of its main project, the Walhalla Gold Project - Victoria's highest grade hard rock historic gold field - into a substantial, long-term gold business. As an explorer, ORN has no customers at present. ORN competes with other companies involved in exploration activites such as Goldstream Mining (GDM) and Alcaston Mining (AMG).

Orion Gold considers its relationships with local communities to be equally as important as the technical and commercial needs of the organisation. To this end, Orion Gold Directors and management constantly canvas the views of the local communities in which they operate, with open public meetings held to inform the community of the Company’s progress and intended work plans.

Community consultation is vital to the success of their business. Company's aim to develop and maintain positive relations with all stakeholders in every aspect of their business operations. Company are delighted to have received such an enthusiastic local response to their Walhalla operations and will continue to seek community involvement as their projects progress.

Orion Gold (ORN) Products and Services

  • Gold exploration company.

Orion Gold (ORN) Locations and Subsidiaries

Orion Gold Head Office
Level 11, 330 Collins Street,
MELBOURNE, VIC,
AUSTRALIA, 3000
Phone: 03 8080 7170
Fax: 03 8080 7174

Orion Gold (ORN) Share Price

Submitted by ASX Listed Company on 30 July, 2010 - 04:59