OAR has assembled an attractive portfolio of minerals and precious metals assets in Australia and the Americas.
OAR is targeting million-plus ounce deposits at its 100%-owned Douglas Canyon Gold-Silver Project in Nevada, USA.
The project covers 6.47km2 within Nevada’s Walker Lane Trend, which hosts several significant gold resources, including Borealis and Round Mountain.
Recent drilling by OAR has targeted the depth extension of high-grade outcropping quartz veins hosted in sheared structure, where rock chip samples returned grades including 16.2g/t Au, 495 g/t Ag; 14.0 g/t Au, 423g/t Ag; and 18g/t Au, 398 g/t Ag. The DCD-01 drillhole intersected further high-grade gold and silver including 4.3g/t Au and 616g/t Ag, at the projected target depth, 120m below the surface anomalism.
OAR is actively seeking JV partners to become part of the Douglas Canyon exploration effort, which will allow it to focus on battery and other critical mineral projects.
The Project has an approved CFR43-101 Exploration Permit and is fully bonded with the United States Bureau of Land Management (BLM).
Ozinca Peru SAC, a 100%-owned subsidiary of OAR Resources Ltd, owns the Chimu Gold plant, a gold lixiviation plant strategically located to purchase high-grade gold ore from small gold miners in the Ayacucho and Chala region of Southern Peru.
OAR continues to assess options to develop the Chimu Gold Project, which remains fully permitted and construction ready, with licences in place to process gold ore.
The Gibraltar Halloysite-Kaolin Project is situated on South Australia’s Eyre Peninsula, to the north and adjacent to Andromeda Metals’ Ltd (ASX: ADN) Mt Hope Kaolin-Halloysite Project.
Recent drilling at Gibraltar confirmed the discovery of a new, high-grade halloysite project, with one composite sample returning individual grades as high as 53% halloysite, which is among the highest grade to be reported in the area.