AURUM HITS 40M AT 1.03 G/T GOLD

Further wide gold intercepts reported at Boundiali Gold Project

Aurum Resources Limited (ASX: AUE) has announced significant gold intercepts from step-back diamond drilling at BD Target 1, part of its ongoing exploration at the Boundiali Gold Project in Côte d’Ivoire, West Africa.

Highlights:

Step-back diamond drilling (14 holes totalling 4,485m) at BD Target 1 returned shallow gold hits, including:
- 40m @ 1.03 g/t Au from 136m, including 5m @ 1.70 g/t Au (DSDD0076)
- 11m @ 2.15 g/t Au from 169m, including 4m @ 4.14 g/t Au
- 10m @ 2.02 g/t Au from 322m, including 2m @ 9.18 g/t Au (DSDD0062)
Gold mineralisation remains open along strike and at depth, with intersections extending down to 385m.
Induced Polarisation (IP) survey (2.8km x 4.5km) completed to refine drilling targets.
Expansion of drill fleet with two new rigs, aiming for 10,000m drilled per month, targeting 45,000m by the end of CY2024.
Initial Mineral Resource Estimate for Boundiali expected in late CY2024.
Aurum remains well-funded with approximately $20 million in cash to continue aggressive exploration.

Dr. Caigen Wang, Managing Director, stated:

We’re delighted with another shallow, wide gold intercept at BD Target 1. Gold mineralisation remains open along strike and at depth, with intersects as deep as 385m below surface. Every hole we drill helps us understand the controls on the high-grade gold shoots we find within these wider intercepts.

The new IP survey and structural data are guiding our drill targeting. With two new NOCK1300 diamond drill rigs operational, we’re eager to test BD Target 1 down to approximately 900m.

With six rigs on site, we expect to achieve ~10,000m drilling per month, systematically exploring the full potential of the 13km by 3km target zone at BD and our other tenements within the Boundiali gold project. We are also improving our operations with new vehicles, a centralised camp, and we are using a second laboratory to enhance efficiency and assay turnaround times.

We’re well-funded with ~$20 million cash at bank, allowing us to accelerate drilling and build on these encouraging results. We’re targeting an inaugural JORC resource for Boundiali by late 2024.