Ore Resources (ASX:OR3) has identified nine new broad gold targets at the northern tenements of its Randalls Gold Project in Western Australia’s Goldfields region.
The targets, located across the Lone Pine Dam, Venetian, and Lake Yindarlgooda prospects, were revealed through a detailed litho-structural interpretation of reprocessed aeromagnetic data combined with a comprehensive review of surface geochemistry.
Analysis highlighted cross-cutting faults, structural displacements, and minor features coinciding with historical drilling and elevated gold-in-soil anomalies, suggesting previous drilling may have inadequately tested these structures.
Five additional zones of moderate-to-large gold-in-soil anomalism were also identified, further underscoring the prospectivity of Randalls North.
Ore Resources' Managing Director, Nick Rathjen, stated the findings "highlight substantial potential for new gold discoveries" and noted that upcoming 2026 exploration programs will prioritise these northern targets alongside previously identified targets at Randalls South.
The company is progressing negotiations with Native Title Parties, advancing environmental surveys, and remains well-funded with a pro-forma cash balance of approximately $10.7 million to support exploration across Randalls and its Coolgardie Gold Projects.
At the time of reporting, Ore Resources' share price was $0.063.