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Ordell Minerals (ASX:ORD) is preparing for a quick drilling restart in August after intersecting shallow gold mineralisation “very close to the surface” on the far western side of its McNabs East prospect at Barimaia.
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The explorer’s reserve circulation drilling results came in this week, confirming “shallow, open pit potential” at the gold project in the Murchison region.
Drilling completed over 300 metres of strike on McNabs East’s western side uncovered gold mineralisation “very close to surface” and immediately below the base of the transported overburden, setting up air-core drilling plans.
“We are pleased to report initial results from the RC drilling at Barimaia during May and June to continue to follow up the wide zones of shallow gold mineralisation,” Ordell helmsman Michael Fowler said today.
“Gold has been intersected very close to surface, with drilling importantly confirming that mineralisation does extend to the base of the transported overburden.”
July’s assay highlights included 14 metres at 1.36 grams per tonne gold from 10 metres and five metres at 1.38 grams per tonne gold from 37 metres.
The full program ran across around 3,300 metres, with 26 more holes drilled to the east and west of McNabs’ starting point. All May and June holes were drilled at -60° towards MGA north, targeting both sides of the prospect.
Drilling on section 585,640E also returned “significant” shallow mineralisation.
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Alongside air-core drilling plans now in the works for McNabs East, the company is also still awaiting assay results for 25BARC148 through to 25BARC175. Diamond holes 25BADD011 and 25BADD015 also have tests still pending.
ORD shares have dipped -3.8% today; the explorer’s stocks settled at 38c.
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