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8 stories mentioning ASX:OR3Updated just now

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Asia

Ore Resources Intersects Zones of Elevated Gold at Western Australia Projects; Shares Down 3%

Ore Resources (ASX:OR3) intersected multiple zones of elevated gold in shallow rock during the regional air-core drilling program at its Coolgardie projects in Western Australia, according to a Tuesday filing with the Australian bourse.Assay results for 290 drill holes testing regional prospects at the Miriam and Burbanks East projects returned 8 meters at 1.9 grams per tonne (g/t) grade of gold from 20 meters, 4 meters at 2.7 g/t grade of gold from 40 meters, 4 meters at 4.29 g/t grade of gold from 44 meters, and 1 meter at 1.98 g/t grade of gold from 86 meters, the filing said.The company will conduct further drilling planned in the fourth quarter of the year, per the filing.Shares fell nearly 3% in midday trade Tuesday.

ASX:OR3
Asia

Ore Resources Reports Nearly AU$7 Million Cash Balance, Zero Debt as of June 30

Ore Resources (ASX:OR3) held a cash balance of AU$6.8 million and zero debt as of June 30, according to a Thursday Australian bourse filing.The company's shares fell past 1% in recent Thursday trade.

ASX:OR3
Asia

Ore Resources Begins Reverse Circulation Drilling at Western Australia Lithium Projects

Ore Resources (ASX:OR3) began the next phase of reverse circulation drilling for 3,000 meters at its Coolgardie lithium projects in Western Australia, focused on the Kangaroo Hills lithium project, according to a Wednesday Australian bourse filing.The program includes first-pass drilling of targets at the neighboring Miriam lithium project.Its shares rose 1% in recent trading on Wednesday.

ASX:OR3
Asia

Ore Resources Confirms 'Significant' Depth, Strike Extensions at Western Australia Prospect; Shares Down 4%

Ore Resources (ASX:OR3) confirmed "significant" down-dip and southern strike extensions to the emerging gold system at the Forrest prospect, with the receipt of results from phase four initial diamond core drilling program at the Miriam project, part of the company's Coolgardie gold projects in Western Australia, according to a Thursday filing with the Australian bourse.The gold system at the prospect now extends across a north-south strike of about one kilometer and to a vertical depth of 250 meters, remaining open both along strike and at depth, with results including 33 meters at 1.44 grams per tonne grade of gold from 135 meters, the filing said.Air-core drilling is ongoing at the project to test key regional prospects, with results expected in July, per the filing.Shares fell 4% in midday trade on Thursday.

ASX:OR3
Asia

Ore Resources Agrees to Acquire Additional Tenure at Western Australia Project

Ore Resources (ASX:OR3) signed an option agreement to acquire additional tenure at the Miriam project, part of its Coolgardie projects in Western Australia, according to a Thursday filing with the Australian bourse.The company agreed to acquire six tenements next to its current landholdings at the Miriam project, with an exclusive three-month option period for the payment of an upfront, non-refundable option fee of AU$50,000, the filing said.If the option is exercised, the company will pay AU$500,000 in the form of cash and scrip, with a six-month voluntary escrow period, per the filing.

ASX:OR3
Asia

Ore Resources Completes Acquisition of Four Prospective Tenures at Western Australia Project; Shares Down 3%

Ore Resources (ASX:OR3) completed the acquisition of four prospective tenures at its Coolgardie projects in Western Australia, expanding its landholding to over 80 square kilometers, according to a Monday filing with the Australian bourse.The company will undertake ground sampling activities this month, ahead of planned drilling slated for the third quarter, the filing said.Shares fell 3% in midday trade on Monday.

ASX:OR3
Asia

Ore Resources Starts Exploration Activities at Western Australia Lithium Project

Ore Resources (ASX:OR3) started exploration activities at its fully owned Coolgardie lithium projects in Western Australia, according to a Tuesday filing with the Australian bourse.The company has launched a 3,000-meter reverse circulation drilling program at the Kangaroo Hills lithium project to test extensions of an emerging mineralized system, with results expected in June.The drilling will also test strike extensions at the Big Red pegmatite discovery, which extends over 900 meters in strike length, and target the 250-meter-long Potoroo mineralized pegmatite, per the filing.Ore Resources said it is "well funded and strongly positioned" to progress exploration at Coolgardie and other projects over the year, with a cash balance of AU$9.6 million as of March 31.The company's shares gained 4% in recent Tuesday trade.

ASX:OR3
Asia

Ore Resources Starts Air Core Drilling Program at Western Australia Project

Ore Resources (ASX:OR3) started a 15,000-meter regional air core drilling program at its Coolgardie gold project in Western Australia, according to a Wednesday filing with the Australian bourse.The drilling will initially focus on the Burbanks East exploration area, targeting a 2.7-kilometer anomalous gold trend and other intrusion-related targets, per the filing.The program will later shift to drill testing high-priority regional prospects at the Miriam gold project, including systematic follow-up drill testing along a broader anomaly defining the Canyon prospect, where previous reverse circulation drilling confirmed a fertile gold system, the company said.Ore Resources expects assay results from the new air core drilling program starting from late May.

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