Ore Resources launches diamond drilling as Phase 4 gold campaign ramps up

An update from Auroch Minerals Ltd. ( (AU:OR3) ) is now available.

Ore Resources has commenced a 1,000-metre diamond drilling program at the Forrest prospect within its Coolgardie Gold Project, aiming to refine structural and lithological understanding, collect mineralogy and density data and support future resource estimates. The company expects this improved geological model at Forrest and Miriam to sharpen exploration targeting across its broader Coolgardie tenure and enhance the potential for further gold discoveries.

The company has completed 23 reverse circulation holes totalling about 3,900 metres at the Miriam Gold Project, including several pre-collars for deeper diamond drilling of the Forrest system, and has outlined an aggressive 2026 program of roughly 30,000 metres of RC, diamond and regional air core drilling. With upcoming gravity, soil, geophysical and drilling results scheduled from mid-March through May and a cash balance of A$10.7 million with no debt, Ore Resources is positioning itself for meaningful growth in its gold inventory and potential new discoveries at Miriam, Burbanks East and Mt Monger.

The most recent analyst rating on (AU:OR3) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Auroch Minerals Ltd. stock, see the AU:OR3 Stock Forecast page.

More about Auroch Minerals Ltd.

Ore Resources Ltd is an Australian gold exploration company focused on advancing its Coolgardie and Kal East Gold Projects in Western Australia’s Eastern Goldfields. The company is currently targeting the Miriam and Forrest prospects, aiming to expand its gold footprint through extensive reverse circulation, diamond and air core drilling programmes, supported by a strong cash position and no debt.

Average Trading Volume: 1,693,138

Technical Sentiment Signal: Buy

Current Market Cap: A$58.09M

For a thorough assessment of OR3 stock, go to TipRanks’ Stock Analysis page.