en.Wedoany.com Reported - Ore Resources (ASX:OR3) has confirmed extensions to its Forrest gold target both at depth and along strike, following the fourth phase of diamond drilling at the Miriam Gold Project in Western Australia. The target is located approximately 10 kilometres south-southwest of Coolgardie.
Seven diamond drill holes completed in March, totalling 1,000 metres, extended the gold system approximately 1 kilometre along a north-south strike and to a vertical depth of 250 metres, with mineralisation remaining open along strike and at depth. Key results include 33 metres at 1.44 g/t gold from 135 metres in hole FGRC056D, an extension of the previously reported 27 metres at 1.54 g/t gold (which ended in mineralisation). Managing Director Nick Rathjen stated that the initial diamond drilling program at Forrest, building on previous reverse circulation (RC) drilling, has delivered very encouraging results, confirming significant down-dip continuity below the RC drilling and a further 100-metre extension of the gold system to the south. Overall, a coherent gold system is now visible, with a north-south strike length of approximately 1 kilometre and a vertical depth of at least 250 metres.
The company has also completed single-metre re-assays of selected composite samples, with three drill holes showing substantial changes to previously reported intercepts. Drill hole FGRC059 now reports 15 metres at 1.28 g/t gold from 28 metres, compared to the previous report of 20 metres at 1.88 g/t gold. As of 31 March 2026, the company held A$9.6 million in cash with zero debt, enabling it to advance planned exploration at the Coolgardie and Cardon gold projects throughout 2026. Ore Resources plans targeted follow-up drilling at Forrest in the second half of 2026 to better define the geometry and potential plunge direction of high-grade veins, with the deposit remaining open along strike and at depth.
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