Oar Resources says the maiden exploration program at its Douglas Canyon Gold Project in the US has yielded “very encouraging” initial results which included intersecting a massive 213 metre silica matrix brecciated quartz vein.
Oar’s program included four diamond holes for a total of approximately 1,000m, testing high-grade outcropping gold and silver mineralisation. The program was designed to target a series of parallel vein structures which contained outcrops of high-grade gold and silver mineralisation.
The first hole in the program targeted a highly fractured high-grade quartz vein within highly sheared meta sediments mapped at surface.
Given the fractured nature of the core the company said it had taken a steady, cautious approach to drilling, focussing primarily on recovering maximum core for analysis over the speed of drilling. It said 175 individual core samples have been delivered to its assay laboratory.
Laboratory results from the initial drilling at Douglas Canyon are expected in the New Year. Whilst the US drill crew has downed tools for Christmas, the rig will remain onsite for a speedy restart to Oar’s hunt for gold and silver in Nevada.
Outside the US, Oar holds a number of domestic tenements including its Gibraltar project on the Eyre Peninsula in SA where in September it staked a claim for the highest grade halloysite recorded in Australia. The company posted a series of “exceptionally” high-grade halloysite strikes above 30 per cent with one sample printing at a dazzling 53 per cent.
Oar also expanded its footprint at its nickel, copper and platinum group elements’ Crown project in the hot Julimar district, located a mere 8 kilometres away from Chalice Mining’s much-lauded Gonneville nickel, copper and PGE deposit.
The company said over 300 soil samples have been collected to-date from the priority target area and the samples have since been submitted for analysis.
Oar looks primed to jump quickly from the gates in 2022 with drill results due back from Douglas Canyon in Nevada and exploration stepping up at its Crown tenements down the road from Julimar. The company will also be looking for a repeat performance at its record-setting Gibraltar halloysite-kaolin project in SA. Combined, the trifecta of prospects promises an interesting start for the new year for Oar.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
11 Sep 2026
28 Jan 2025
