Ordell Minerals Extends McNabs East Gold Zone to 700m with High-Grade Hits

• McNabs East gold zone extended to over 700 metres strike
• Diamond and RC drilling confirm wide, high-grade gold intercepts
• Notable intercepts include 0.3m at 109.89g/t Au and 8m at 7.27g/t Au
• Recent $3.85 million share placement completed to fund exploration
• Upcoming aeromagnetic survey and further drilling planned

Expanding the Barimaia Gold Footprint

Ordell Minerals Limited (ASX – ORD) has reported a substantial advancement in its Barimaia Gold Project, located near Mount Magnet in Western Australia. The September quarter drilling campaign at the McNabs East Prospect has extended the main gold mineralisation zone to over 700 metres of strike length, a significant milestone for the company’s exploration ambitions.

The latest diamond and reverse circulation (RC) drilling results have revealed broad zones of gold mineralisation, including some exceptionally high-grade hits. Highlights include a narrow but spectacular intercept of 0.3 metres grading 109.89 grams per tonne (g/t) gold from 175.4 metres depth, alongside wider intervals such as 25 metres at 2.43 g/t and 8 metres at 7.27 g/t gold. These results underscore the potential for a sizeable and economically attractive deposit hosted within a granodiorite intrusion.

Strategic Location and Geological Context

Barimaia sits in a Tier-1 mining jurisdiction, adjacent to Ramelius Resources’ Mount Magnet operations, which boast a mineral resource exceeding 1.3 million ounces of gold. Ordell’s geological model draws parallels with the nearby Eridanus deposit, suggesting that Barimaia could host similar styles of mineralisation. The ongoing drilling program is methodically testing over 7 kilometres of prospective strike, with McNabs East emerging as a key focus area.

The mineralisation is hosted within a granodiorite intrusion characterized by silica-sericite alteration and quartz-pyrite veining, with the gold zones plunging shallowly to the east and remaining open for further expansion both along strike and at depth. This structural setting bodes well for future resource growth as drilling continues.

Funding and Forward-Looking Exploration

To support its aggressive exploration agenda, Ordell successfully completed a share placement raising $3.85 million before costs. This capital injection bolsters the company’s cash position to $5.3 million, providing a solid financial foundation for upcoming activities. Planned work includes further RC and diamond drilling to test down-plunge extensions and newly identified targets west of McNabs, as well as an aeromagnetic survey scheduled for early November to refine exploration targeting.

Beyond Barimaia, Ordell is advancing early-stage projects at Goodia and Fisher South, with reconnaissance and heritage surveys underway. While these projects remain at an exploratory phase, they add strategic depth to Ordell’s portfolio in Western Australia’s prolific gold regions.

Implications for Investors

Ordell’s expanding footprint at McNabs East, combined with high-grade drill results and a strong cash position, positions the company well to unlock value through resource definition and potential development. The proximity to established processing infrastructure and a supportive mining jurisdiction further enhances the project’s appeal. However, pending assay results from recent drilling and the need to delineate a maiden resource will be critical next steps to watch.

Bottom Line?

With McNabs East’s gold zone growing and fresh funds secured, Ordell is poised for a pivotal exploration phase that could reshape its resource profile.

Questions in the middle?

• How will the pending assay results from October diamond drilling impact the resource potential at McNabs East?
• What timeline does Ordell envisage for defining a maiden mineral resource at Barimaia?
• Could the newly identified targets west of McNabs lead to a larger consolidated gold system?