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Ore Resources (ASX:OR3) has continued expanding its Coolgardie gold and lithium project in the Eastern Goldfields northward, picking up another four contiguous prospecting licences over ~6.7 square kilometres.
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This March acquisition brings Ore’s total tenure in the goldfields up to more than 80sqkm and gives the explorer access to the Kunanalling Shear Zone.
That was the main plan: Ore now controls more ground near firmly established infrastructure, including the Three Mile Hill Plant (six kilometres), the Greenfields and Mungari Mills (6.5km and 8km), and the Burbanks Gold Processing Facility, some 12 kilometres to the south-southwest.
It also includes the Avoca prospect, which is a mineralised trend around 300 metres in length south of the tenure. Several of the trends there are “relatively under-explored” or haven’t hosted follow-up drilling.
“Avoca ticks all the boxes of our rigorous investment criteria, offering exceptional new gold prospectivity within the same favourable geological settings as our broader Goldfields portfolio,” Ore’s managing director and CEO, Nick Rathjen, said.
“A first-pass review of historical drilling data further reinforces the quality of this prospective ground. Several economic gold intercepts have been recorded across the tenure, particularly within Avoca.”
Ore now plans to deploy its “proven,” systematic exploration strategy at the Avoca site, where it will compile surficial geochemical data (with resampling using the ultra fine fraction method) and integrate geo datasets.
“True to form, we plan to quickly and effectively execute our proven exploration at this new tenure,” Mr Rathjen said. “We’re targeting initial drilling of this new tenure from early Q3 2026, as we rapidly advance Avoca.”
Early Monday morning, OR3 is selling at 6.6cps.
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