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Ordell Minerals Ltd ( (AU:ORD) ) has shared an announcement.
Ordell Minerals has reported further encouraging assay results from reverse circulation drilling at the McNabs East prospect within its Barimaia Gold Project in Western Australia. Recent holes have outlined a shallow, continuous zone of gold mineralisation starting less than 10 metres below surface over roughly 400 metres of strike, reinforcing the prospect’s potential for open-pit development.
Additional drilling about 500 metres east has intersected high-grade mineralisation down to a 200-metre vertical extent, suggesting that the McNabs East system may continue at depth and along plunge. Aircore drilling two kilometres further east has also confirmed a sizeable new exploration target, and Ordell plans to restart drilling next week to extend known mineralisation and test new targets along the more than seven-kilometre strike of the Barimaia intrusions.
More about Ordell Minerals Ltd
Ordell Minerals Limited is an Australian gold exploration company listed on the ASX and focused on its flagship Barimaia Gold Project near Mount Magnet in Western Australia. The company is targeting shallow, potentially open-pittable gold deposits hosted within granodiorite intrusions over a strike length of more than seven kilometres.
Average Trading Volume: 315,374
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$46.66M
Learn more about ORD stock on TipRanks’ Stock Analysis page.