Ore Resources (ASX:OR3) has kicked off a significant program at its Coolgardie gold projects in the Eastern Goldfields, with the 30,000-metre, Phase 4 campaign set to include RC, aircore, and diamond core drilling.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Disclaimer: This content has been prepared as part of a partnership with Ore Resources Ltd and is intended for informational purposes only.
The latest drilling campaign is aimed at unlocking new gold opportunities in and around the company’s existing prospects, Ore’s bosses said today.
In early prep, Ore has outlined a significant gold mineralised footprint extending some 850 metres in strike length at Forrest in previous drilling. Mineralisation features multiple shallow oxide and fresh rock gold lodes, and this program will test for further extensions to the south, west and down-dip.
“Phase 4 drilling has kicked off with an initial targeted 3,000 to 5,000m of RC drilling at Miriam, focused on defining further extensions to both new and existing gold lodes within the Forrest system,” MD and CEO Nick Rathjen said.
“In addition to Forrest, the Phase 4 program will include initial drill testing of priority regional targets across the broader Miriam and Coolgardie tenure.”
Results of both surface geochemistry and ground-gravity surveying covering the regional prospects are expected to be received in the coming weeks and will help further refine Ore’s geological model for Miriam.
“These works are expected to deliver new, high-priority gold targets for first-pass AC drill testing in late March 2026,” Ore’s director explained.
In mid-January, Ore also released promising assay results from its Phase 3 RC at the Miriam project. The highlight from that work was an intercept that extended over two previous Phase 2 drillholes, returning 20 metres at 2.27 grams per tonne (g/t) from 183 metres and 12 metres at 1.23 g/t from 108 metres.
With a $10.7 million in cash in the bank and zero debt heading into CY26, Ore is well funded for an active program of exploration this year.
OR3 was up +1.6% and trading at 6.4cps in early markets.
Join the discussion: See what HotCopper users are saying about Ore Resources Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.