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Woomera Mining Ltd. ( (AU:OB1) ) just unveiled an update.
Orbminco Limited has announced the start of a three-stage reverse circulation drilling campaign at its Majestic North Gold Project, about 65km south-east of Kalgoorlie in Western Australia. The program is aimed at refining the existing JORC Mineral Resource, which includes a higher-grade domain of 249,000 tonnes at 2.4 grams per tonne gold, and improving confidence in near-surface ounces within the current pit shell.
The 27-hole, 2,500-metre program combines vertical infill drilling to upgrade Inferred material to Indicated status with angled holes targeting four key structural junctions interpreted to control higher-grade mineralisation. A deeper hole will also test for primary gold mineralisation in the Archean basement beneath the predominantly supergene-enriched system, potentially extending the higher-grade domain and enhancing the project’s overall resource and development profile.
More about Woomera Mining Ltd.
Orbminco Limited is an Australian gold exploration company focused on developing its 100%-owned Majestic North Gold Project in Western Australia’s Eastern Goldfields. The company targets structurally controlled, high-grade gold mineralisation and is working to advance existing resources through systematic drilling and resource definition programs.
Average Trading Volume: 580,735
Technical Sentiment Signal: Sell
Current Market Cap: A$8.25M
See more data about OB1 stock on TipRanks’ Stock Analysis page.