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Ordell Minerals Ltd ( (AU:ORD) ) has issued an update.
Ordell Minerals Limited has reported significant progress in its Barimaia Gold Project, with drilling activities expanding the gold mineralization footprint at McNabs East and doubling the strike extent of the Barimaia Intrusion to over 7km. The company has completed reverse circulation and diamond drilling, revealing promising gold mineralization close to the surface. Metallurgical tests indicate excellent gold recovery potential through conventional processing methods. The company has also completed a share placement to raise $3.85 million to fund ongoing exploration efforts.
More about Ordell Minerals Ltd
Ordell Minerals Limited is a company operating in the mining industry, with a primary focus on gold exploration and development. The company holds an 80.3% interest in the Barimaia Gold Project, located in the Murchison district of Western Australia, a Tier-1 mining jurisdiction. The project is situated near Mount Magnet and is adjacent to Ramelius Resources’ Mount Magnet Gold Project.
Average Trading Volume: 142,876
Technical Sentiment Signal: Strong Sell
Learn more about ORD stock on TipRanks’ Stock Analysis page.