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- Significant assay results highlight numerous zones of elevated gold at Miriam and Burbanks East
- Results further confirm 6.2km-long Miriam zone as fertile and under-explored gold system
- Additional gold focused drilling planned in Q4 2026
- RC drilling continues at the Coolgardie lithium projects
Cashed up Ore Resources (ASX:OR3) is set to continue its aggressive drilling schedule at its Coolgardie gold and lithium projects in WA with infill and exploration programs planned.
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The company has been buoyed by initial assay results from a recent regional aircore (AC) drilling program at the Coolgardie gold projects in the Goldfields region.
The AC drilling program, part of the broader gold-focused Phase 4 drilling campaign at the Coolgardie gold projects, has further confirmed the 6.2km-long Miriam shear zone as a fertile and under-explored gold system with significant exploration upside.
Assay results received from 290 AC drill holes testing high-priority regional prospects at Miriam and Burbanks East have highlighted numerous zones of elevated gold in shallow regolith lithologies.
The new results included 8.0m at 1.90 grams per tonne (g/t) from 20m; 4.0m at 2.70 g/t from 40m and 12m at 0.92 g/t from 24m at Miriam and 4.0m at 4.29 g/t from 44m and 1.0m at 1.98 g/t from 86m at Burbanks East.
MD and CEO, Nick Rathjen, said the initial assessment of district-wide gold potential at the Coolgardie gold projects has delivered highly encouraging first-pass drilling results.
“At Miriam, regional AC drilling has confirmed significant gold potential at key prospects within the Miriam shear zone,” he said.
“This program has also highlighted potential strike extensions to our flagship Forrest deposit at Miriam, with significant gold mineralisation intersected approximately 250m south of the currently defined gold system.”
Meanwhile, initial AC drilling at Burbanks East has returned significant gold intercepts, validating historical drilling at key intrusion targets.
“Building on these results, we intend to undertake detailed follow-up exploration to further define the extent, continuity and significance of gold mineralisation at Burbanks East, which remains a highly compelling gold exploration opportunity within a geological setting analogous to Miriam.”
“Our gold exploration footprint at Coolgardie continues to grow and we look forward to further defining the scale of this opportunity through the continued advancement of our Phase 4 drilling program at the Coolgardie Gold Projects in Q4 2026 and beyond.”
Elsewhere, Ore continues to build momentum at the Coolgardie lithium projects where a current 3,000m RC drilling program is progressing steadily at Kangaroo Hills, targeting further extensions to the Big Red and Potoroo pegmatite systems.
This program is the first systematic drill testing of the Miriam lithium project 1.7km north of Kangaroo Hills.
“With assay results expected from late August 2026, we look forward to gaining further insights into the scale and growth potential of these emerging pegmatite systems,” Mr Rathjen told shareholders.
Ore also plans to recommence gold-focused exploration through a comprehensive drilling program focussed at Coolgardie Gold in Q4 2026.
OR3 is steady at 6.8¢ with a Mkt cap of $57.92M prior to markets opening.
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