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Ore Resources (ASX:OR3) – formerly Future Battery Minerals – has got the drills spinning on-site its WA-based Miriam Project, with this drill run reflecting the third phase of aggressive exploration on-site the Goldfiends asset.
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Targeting 3,000m, the program ensures future newsflows coming to investors into CY2026. All cards in order, OR3 will be building on existing drilling successes at the company’s already-known mineralised boundary envelope that underpins the Forrest prospect.
The subject of Phase III drilling is an area that previously returned two intersects of note; one 12m section at 12.2g/t gold from 48m depth and a second 25m section at 3.3g/t gold from 119m depth with higher grading pockets.
Oxide mineralisation recently discovered on-site underground will also be tested such that geotechs can get an idea of in which direction it extends; all in all, these activities should take the company up to the start of March in 2026.
Later this month, and hinting at future activities perhaps, surface soil sample runs collected from the south of the Miriam project will be delivered to OR3 while further geophys work carries on. Read: the company’s still interested in finding other targets on-site. Some $5.5M in cash fuels current activities.
“Our Phase 3 RC drilling programme at Miriam is underway, targeting further extensions to the gold footprint at Forrest. The Phase 2 results from Forrest were impressive, demonstrating an emerging multi-lode gold system with extensive oxide and fresh rock mineralisation, which remains open in multiple directions,” company chief Nick Rathjen said.
“These results included the highest grade and gram-metre intercept returned to date at Miriam.”
OR3 last traded at 6.6cps, according to ported Morningstar data a/a 10.50am AEDT.
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Disclaimer: HotCopper had a commercial relationship with OR3 at the time this article was crafted and published.
