Ordell Minerals (ASX:ORD) has officially kicked off its maiden drill run on-site its Murchison-based Barimaia project in WA.
The JV project witnesses the rigs fire up “following [Ordell’s] recent IPO and ASX listing,” comprising 2.6km worth of RC core samples along a known 2.5km strike target.
Drilling aims to provide infill data to supplement existing results; the company believes its project hosts similar geology to that of the Eridanus gold deposit overseen by Ramelius. Barimaia was previously the remit of Genesis Minerals.
Historical RC drill hits include:
- 15m @ 11.4g/t gold
- 17m @ 3.4g/t gold
- 19m @ 1.5g/t gold
- 70m @ 0.7g/t gold
A Phase 2 component of the current drill program will kick off in September.
“Following our successful $6 million IPO and ASX listing earlier this month, we are delighted to have hit the ground running at Barimaia and now have our inaugural drilling program underway,” Ordell MD Michael Fowler said.
“The commencement of this drilling program marks the start of a very active exploration program for Ordell over the remainder of this year, which should see plenty of exciting news flow for shareholders over the months ahead.”
ORD last traded at 26cps.