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Woomera Mining Ltd. ( (AU:OB1) ) has issued an announcement.
Orbminco Limited has completed its Stage 1 drilling program at the Majestic North Gold Project, confirming robust supergene gold mineralisation with grades up to 7.62g/t Au. The results validate the existing resource and highlight potential extensions, with a continuous mineralised zone up to 500m wide over a 1,500m strike length. The high-grade intersections, particularly in the northern portion, suggest a potential high-grade zone and justify proceeding with the acquisition of the project from Fortify Mining Pty Ltd. The findings lay the groundwork for further drilling to expand the resource, positioning Orbminco for growth in its exploration and development activities.
More about Woomera Mining Ltd.
Orbminco Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is actively involved in acquiring and expanding gold resources, with a market focus on enhancing its portfolio through strategic acquisitions and exploration activities.
Technical Sentiment Signal: Hold
Current Market Cap: A$3.4M
See more data about OB1 stock on TipRanks’ Stock Analysis page.