AURUM REPORTS 17.31M AT 5.90 G/T GOLD AT BOUNDIALI BM TARGET 1

Drilling at Boundiali BM Project Yields High-Grade Gold Intercepts in Côte d’Ivoire

Aurum Resources Limited (ASX:AUE) has announced significant high-grade gold intercepts from diamond drilling at the Boundiali BM Tenement in Côte d’Ivoire, West Africa. The drilling forms part of the company’s aggressive exploration campaign across its 1037km² project area.

Key Results:

17.31m @ 5.90 g/t Au from 273.69m, including 6m @ 16.07 g/t Au (MBDD081)
29m @ 1.55 g/t Au from 178m, including 13m @ 2.19 g/t Au (MBDD086)
14m @ 3.10 g/t Au from 143m, including 1m @ 32.38 g/t Au (MBDD090)
17m @ 1.33 g/t Au from 183m (MBDD068)

The company highlighted that gold mineralisation remains open along strike and at depth across BM Targets 1, 2, and 3, suggesting further potential for resource expansion.

Aurum has deployed six self-owned diamond rigs and plans to drill over 50,000m by the end of CY2024. Metallurgical test results, being conducted by MACA Interquip Mintrex and ALS, are expected next month, while an inaugural mineral resource estimate is targeted for late 2024. Additionally, Aurum’s acquisition of Mako Gold (ASX:MXG) has been declared unconditional, bolstering the company’s growth strategy.

Dr. Caigen Wang, Aurum’s Managing Director, stated:

New results from our aggressive exploration drilling have reported a project-best intercept for BM of 17.31m at 5.90 g/t Au from 273.69m, including 6m at 16.07 g/t Au in hole MBDD081. This new intercept, which is 250m below surface, has grown the limits of known gold mineralisation, pushing 100m down dip past the intercept of 11.46m at 6.67 g/t Au from 162.54m in MBDD049, which we reported on 18 September 2024.

Our six rigs are systematically ramping up drilling and with our new camp now online, we are starting to see increased operational efficiencies as we work to unlock the full potential of Boundiali. We’re well-funded with $19 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.