Following its recent Initial Public Offer and ASX listing, gold explorer Ordell Minerals Limited (ASX:ORD) has commenced its maiden drilling programme at its flagship Barimaia JV Gold Project, located in the Murchison region of WA.
The Phase 1 drilling programme will comprise approximately 2,600m of Reverse Circulation (RC) drilling along the currently defined 2.5km strike extent of gold mineralisation at Barimaia, with the aim of in-filling and extending areas of known high-grade gold mineralisation.
The Barimaia Project hosts similar geology to Ramelius Resources’ Eridanus gold deposit, which hosts a current JORC Resource of 21Mt @ 1.7g/t Au for 1,200,000oz of contained gold1, with an additional +300,000 ounces of gold mined from the open pit.
Previous exploration work undertaken at Barimaia by past owner, Genesis Minerals demonstrated the presence of an extensive gold system, with significant historical RC results highlighting shallow open pit potential.
In addition, historical air-core drilling at the east end of the currently drill defined strike returned high-grade gold bottom-of-hole results that were never followed up.
A Phase 2 programme of follow-up infill and extensional RC is scheduled to commence in September to continue testing the 2.5km of strike and to follow-up results from the Phase 1 drilling.
“Following our successful $6 million IPO and ASX listing earlier this month, we are delighted to have hit the ground running at Barimaia and now have our inaugural drilling program underway,” Managing Director, Michael Fowler, said.
“The commencement of this drilling programme marks the start of a very active exploration program for Ordell over the remainder of this year, which should see plenty of exciting news flow for shareholders over the months ahead.”