Ore Resources Launches Phase 3 Drilling at Miriam, Eyes High-Grade Gold Extensions
Ore Resources has kicked off its Phase 3 drilling campaign at the Miriam Project in Western Australia, targeting promising high-grade gold zones at the Forrest prospect. Results are expected early next year, with the company well-positioned financially to advance exploration.
- Phase 3 Reverse Circulation drilling commenced, targeting Forrest prospect
- Focus on extending high-grade gold lodes identified in earlier phases
- Approximately 3,000m drilling planned, completion by December 2025
- Assay results anticipated from late January to early February 2026
- Strong balance sheet with A$5.3 million cash and zero debt
Phase 3 Drilling Underway at Miriam
Ore Resources Ltd (ASX – OR3) has officially commenced its Phase 3 Reverse Circulation (RC) drilling program at the 100%-owned Miriam Project, situated in the prolific W.A. Goldfields region of Western Australia. This latest drilling phase, encompassing approximately 3,000 metres, is focused on expanding the mineralised footprint at the rapidly emerging Forrest prospect.
Building on Strong Early Results
The Forrest prospect has already delivered impressive intercepts during previous drilling phases, including standout hits such as 12 metres at 12.18 grams per tonne gold from 48 metres and 25 metres at 3.28 grams per tonne from 119 metres, with a high-grade section of 6 metres at 10.76 grams per tonne gold. Phase 3 aims to test extensions of these fresh rock gold lodes, as well as the oxide mineralised zones identified earlier, notably the 33 metres at 2.80 grams per tonne gold intercepted in Phase 1.
Exploration Timeline and Future Plans
The current drilling program is scheduled to conclude before the end of December 2025, with assay results expected to be released between late January and early February 2026. Complementing the drilling, soil sampling results from northern Miriam prospects are anticipated in December, while geophysical surveys and further regional target testing are planned for the first quarter of 2026. These activities underscore Ore Resources’ commitment to rapidly advancing its exploration pipeline.
Financial Strength Supports Ambitious Exploration
Ore Resources enters this phase with a robust financial position, holding A$5.3 million in cash and carrying zero debt as of 30 September 2025. This strong balance sheet provides the company with the runway to execute its comprehensive exploration strategy across its Coolgardie and Randalls Gold and Lithium Projects throughout 2026.
Management Outlook
Managing Director Nick Rathjen highlighted the significance of the Forrest prospect’s multi-lode gold system, noting its extensive oxide and fresh rock mineralisation that remains open in multiple directions. The company’s focus will also expand to other promising targets such as Burbanks Monarch, Goroke, and Jungle, with first-pass drilling planned for late Q1 2026. This methodical approach reflects Ore Resources’ ambition to build on its early successes and unlock further value for shareholders.
Bottom Line?
As Ore Resources advances its drilling and exploration programs, the upcoming assay results will be pivotal in defining the Miriam Project’s gold potential and shaping the company’s next growth phase.
Questions in the middle?
- Will Phase 3 drilling confirm extensions of the high-grade gold lodes at Forrest?
- How will upcoming soil sampling and geophysical data influence target prioritisation?
- What impact will these exploration results have on Ore Resources’ resource estimates and development timeline?
