Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Auroch Minerals Ltd. ( (AU:OR3) ) has shared an announcement.
Ore Resources has reported initial Phase 4 reverse circulation drilling results from the Forrest prospect at its Miriam Gold Project, confirming multiple new extensions of high-grade gold mineralisation at depth and along strike. Standout intercepts in fresh rock and oxide lodes, including thick, high-grade zones, demonstrate continuity of the emerging multi-lode gold system and extend mineralisation well beyond previous drilling.
The company is progressing a broader 30,000m Phase 4 programme combining RC, diamond core and aircore drilling across the Coolgardie Gold Projects, with further assays, a Sub-Audio Magnetics survey and regional drilling results due over the coming weeks. Backed by A$10.7 million in cash and no debt, Ore is positioned to expand its gold footprint and potentially define new resources, reinforcing its growth ambitions in the Western Australian Goldfields.
More about Auroch Minerals Ltd.
Ore Resources Ltd is an Australian gold exploration company focused on its 100%-owned Coolgardie and Kal East Gold Projects in Western Australia’s Goldfields region. The company is advancing targets such as the Miriam Gold Project and the Forrest prospect, aiming to delineate new high-grade gold resources while maintaining a strong balance sheet with significant cash and no debt.
YTD Price Performance: 3.45%
Average Trading Volume: 1,309,308
Technical Sentiment Signal: Buy
Current Market Cap: A$51.06M
See more data about OR3 stock on TipRanks’ Stock Analysis page.