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Ordell Minerals Limited (ASX:ORD)

ALERT: Price-sensitive ASX Announcement for ORD
Current share price for ORD : $0.535 0.315 (143.18%)+
Announcement
Release
4 Nov 2024 8:14AM
Price at Release
$0.220
Full Release
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Summary
Ordell Minerals Limited has reported significant drilling results from the Phase 2 drilling program at its Barimaia Gold Project in Western Australia, indicating the presence of extensive high-grade gold mineralisation. The drilling program, conducted in September and October 2024, confirmed shallow open-pit potential, with multiple intercepts including 29m at 2.52g/t gold and visible gold recorded. The results suggest a coherent zone of gold mineralisation across a 2.5km strike length, and further exploration, including diamond drilling, is planned to delineate the mineralisation better and explore additional targets in the area.
Key Points
  • Significant results received from the second phase of shallow Reverse Circulation drilling at the McNabs East Prospect.
  • Drilling results include 29m @ 2.52g/t Au from 81m and 1m @ 47.5g/t Au from 107m.
  • Extensive zone of gold mineralisation defined at McNabs East over a strike length of +1,000m.
  • Primary mineralisation associated with an interpreted granodiorite intrusion.
  • Diamond drilling planned for November to obtain structural and lithological data.
  • Upcoming extensional and in-fill RC drilling planned for March 2025 Quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.