Ore Resources starts 3,000-metre drilling at Mount Monger
Key points
- Ore Resources began a 3,000-metre aircore drilling campaign at its Mount Monger Gold Project in Western Australia.
- Following the announcement, the Ore Resources share price rose 7.69% to $0.039.
- The company is testing 11 priority structural targets to expand its Kal East Gold Projects exploration footprint into 2027.
Ore Resources (ASX:OR3) has started a 3,000-metre aircore drilling campaign at Mount Monger in Western Australia to test 11 priority gold targets.
This programme marks the company's first drilling at its Kal East Gold Projects after expanding the project tenure by 55% in October.
"With multiple high-priority targets now defined and drilling underway, we believe Mt Monger has the potential to emerge as a significant long-term value driver for Ore," said Ore Resources Managing Director and CEO Nick Rathjen.
Drilling will target the Kims and Scotch Star prospects through early December 2026, while the debt-free explorer holds A$3.8 million in cash.
The company stated that results from this initial campaign will guide follow-up drilling and target prioritisation across its Kal East assets in 2027.
Following the announcement, the Ore Resources share price was up to $0.039.
Ore Resources previously reported a maiden 153,000-ounce gold resource at Coolgardie, began drilling at Avoca, and completed a lithium scoping study at Kangaroo Hills.
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