Ore Resources has confirmed a 60-metre extension of gold mineralisation at its Forrest prospect, part of the Miriam Gold Project, underpinning a multi-lode system open in multiple directions. Diamond drilling assays are due in early May, promising further clarity on deeper targets.
- Final Phase 4 RC drilling extends Forrest gold system 60m south
- Significant intercepts include 20m at 1.88 g/t Au and 30m at 1.05 g/t Au
- Diamond core drilling completed with assays expected early May 2026
- Regional aircore drilling to commence targeting key prospects
- Ore Resources holds A$10.7 million cash and zero debt at December 2025
Forrest Gold System Extended Along Strike and at Depth
Ore Resources Ltd (ASX:OR3) has delivered the final tranche of its Phase 4 Reverse Circulation (RC) drilling results at the Forrest prospect within the Miriam Gold Project, confirming a further 60-metre extension of gold mineralisation to the south. This latest batch of 11 drill holes reinforces the continuity of gold mineralisation across oxide, transitional, and fresh rock zones, with standout intercepts including 20 metres at 1.88 g/t Au (including 4 metres at 7.61 g/t) and 30 metres at 1.05 g/t Au.
The Forrest system remains open along strike and at depth, with new down-dip extensions identified. Notably, the drill hole FGRC059 produced a 50-metre up-dip extension into an oxide gold zone, highlighting a robust shallow oxide mineralisation footprint that complements deeper fresh rock lodes.
Diamond Drilling to Illuminate Deeper Gold Zones
Following the RC programme, Ore Resources completed a 1,000-metre diamond drilling campaign in March designed to test the deeper extensions of the Forrest system. These six diamond holes, including two re-entries to overcome groundwater challenges, aim to clarify structural controls and provide mineralogical data critical for future resource modelling. Assay results from this diamond drilling are expected from early May, with a full release targeted by mid to late May 2026.
This upcoming data will be pivotal in assessing the scale and grade continuity of the system at depth, potentially underpinning resource growth beyond the current strike and oxide extensions. The diamond drilling complements the RC results already reported, which were highlighted in Ore Resources’ earlier update confirming a 90-metre down-dip extension at Forrest and strong intercepts such as 25m at 2.82 g/t Au Phase 4 RC drilling confirms 90m down-dip extension at Forrest.
Broader Exploration Programmes Advance
Ore Resources is pressing ahead with multiple exploration workstreams across its Coolgardie Gold Project. A Sub-Audio Magnetics (SAM) geophysical survey at Forrest has been completed and is undergoing processing, with results expected soon. Regional Aircore drilling is set to commence imminently, targeting high-priority prospects such as Forrest South, Burbanks Monarch, Goroke, Jungle, and Canyon, alongside first-pass testing at Burbanks East. Results from this programme are anticipated from late May.
These efforts form part of Ore’s comprehensive 30,000-metre Phase 4 drilling campaign, designed to systematically unlock new discoveries and expand known mineralisation across the project area. The company’s strong cash position of A$10.7 million and zero debt as at December 2025 provides ample runway to sustain this aggressive exploration pace throughout 2026.
Geological Context and Next Steps
The Forrest prospect lies within the Miriam Gold Project, itself a key component of Ore Resources’ Coolgardie Gold Project in Western Australia’s Eastern Goldfields. The mineralisation is hosted within Archean greenstone lithologies, exhibiting a multi-lode system with both oxide and fresh rock gold zones. While drilling has been conducted on an east-west grid, geological interpretations suggest a dominantly north-south to northeast-southwest strike, with further work required to refine the geometry and true widths of mineralisation.
Ore Resources plans to integrate the pending diamond assay results with ongoing geophysical data and regional drilling outcomes to refine its geological model and advance resource estimation. The company also anticipates further drilling at Miriam’s northern prospects following tenure grants.
Bottom Line?
Diamond assay results in May will be critical to validate deeper extensions at Forrest and could reshape Ore Resources’ resource potential in the Coolgardie Gold Project.
Questions in the middle?
- Will diamond drilling assays confirm the scale and grade continuity of deeper Forrest gold zones?
- How will regional aircore drilling results influence Ore Resources’ exploration focus across Miriam and Burbanks East?
- Can Ore Resources leverage its strong cash position to accelerate resource definition and potential development plans?