AURUM RESOURCES STRIKES GOLD IN BOUNDIALI DRILLING

Impressive High-Grade Gold Intercepts Spur Exploration

Aurum Resources Limited (ASX:AUE) engaged in ongoing diamond drilling at the Boundiali Gold Project in Côte d’Ivoire, West Africa, has reported the receipt of high-grade gold as well as multiple shallow and wide gold intercepts from its recent assay results.

Exploration Highlights:

  • The company has completed a substantial scout diamond drilling operation, covering 10,489m across five targets within two tenements of the Boundiali Gold Project since late October 2023. This includes 31 diamond holes drilled for 4,901m on the BM tenement and 30 holes for 5,588m on the BD tenement.
  • Diamond drilling is ongoing, with the company anticipating a strong news flow as more results are received.
  • Exceptional assay results from 23 diamond holes have been reported, with notable intercepts including 4m @ 22.35 g/t gold from 226m, which is 173m vertically below surface (DSDD0004 – BD tenement).
  • Other significant assays include 16.64m @ 1.45 g/t gold from 56.26m including 10.4m @ 2.11 g/t gold from 62.5m (MBDD007), and 5m @ 4.73 g/t gold from 53.5m including 1.1m @ 20.35 g/t gold from 53.5m (MBDD004).

Corporate and Financial Updates:

  • Aurum has expanded its drilling capacity with the acquisition of a third diamond drill rig, expecting to increase drilling capacity significantly from late April 2024.
  • The company boasts a strong cash balance of $3.9M as of 29 February 2024, with an additional $3.3M available following shareholder approval from a recent $7.0M capital raising effort.

A Word from the Managing Director:

Dr. Caigen Wang, Aurum’s Managing Director, expressed satisfaction with the drilling campaign’s progress:

We are very pleased to report high-grade gold intercepts including 4m @ 22.35 g/t gold from 226m (down hole) in DSDD0004, as well as multiple intersections of shallow and wide gold mineralisation from our inaugural scout drilling campaign in the two exploration tenements comprising the Boundiali Gold Project.

While drilling is continuing and more assay results are pending, we are confident our aggressive diamond drilling program will firm up more targets for subsequent gold resource definition drilling through CY2024.

Read the full announcement

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