Orminex Limited announced that all remaining drilling results have now been received for the Penny's Find Gold Mine Joint Venture with Horizon Minerals Limited. Penny's Find is located 50km northeast of Kalgoorlie in the outstanding Goldfields region of Western Australia and currently possesses a 2012 JORC compliant underground mineral resource of 248,000t at 7.04g/t for 56,000oz as reported by Empire Resources following the completion of the existing open pit. The high-grade mineralisation is hosted by quartz veins at the contact between sediments and basalt, with metallurgical test work indicating fresh mineralisation to be free milling with a high gravity gold recoverable component and total gold recovery historically exceeding 92%. The project is well advanced, with all requisite statutory mining approvals in place and a toll milling agreement secured for ore treatment commencing in the second half of 2021. A 21-hole drilling program was conducted to test the mineralisation continuity at the current known northern abutment and infill the existing resource to generally 20m line spacings, aiming to improve geological confidence and provide sufficient geological, structural and geotechnical information to progress to an updated underground resource estimate. The drill program totalled 4,778m, with 2,013m of RC drilling and 2,765m of diamond drilling, targeting down-dip and northern continuance of the gold system beneath the existing open pit to a maximum depth of 282m. Mineralisation intercepts from the drilling are aligned with target depths and previous drilling campaigns, producing multiple high-grade results at downhole widths of up to 5m from quartz veins dipping approximately 60 degrees to the northeast. The NSA holes (<2.0g/t) were in-line with expected results primarily at the southern end of the known mineralisation. Screen fire assay method was used for samples of the ore zone, selected as the most appropriate due to the observed visible gold throughout the core.