AURUM UNCOVERS NEW GOLD DEPTHS AT BOUNDIALI

Exceptional Drill Results Signal Large High-Grade Gold System

Aurum Resources Limited (ASX:AUE) has announced remarkable results from its ongoing diamond drilling at the BD tenement of the Boundiali Gold Project, highlighting potential for a significant high-grade gold system within the mining depths.

Drilling Campaign Success:

  • A total of four diamond holes drilled across a 275m strike have unearthed notable gold intercepts, including a standout 73m @ 2.15g/t gold from 172m, featuring segments of:
    • 4m @ 18.63g/t gold from 185m, including 1m @ 72.11g/t gold from 188m
    • 5m @ 7.15g/t gold from 221m
    • 5m @ 3.23g/t gold from 240m
  • Other significant finds comprise 36m @ 2.53g/t gold from 104m, with subsections showing even higher grades, and a 22m stretch @1.98g/t gold from 35m, among others.
  • These new results build on the previously reported hole from March 1st, which intersected high-grade zones including 9m @ 1.98g/t gold and 4m @ 22.35g/t gold.

Expansion and Exploration Momentum:

  • Aurum’s exploration momentum is strong, with the scout diamond drilling program continuing and further assay results on the horizon.
  • To bolster drilling operations, the company has added a third diamond drill rig, aiming to ramp up monthly drilling capacity by late April 2024.
  • With a robust cash balance and additional funds expected post-shareholder approval, Aurum is poised to accelerate the definition of the Boundiali resource throughout 2024.

Insights from the Managing Director:

Dr. Caigen Wang, Managing Director of Aurum, conveyed enthusiasm about the early drilling outcomes:

We are very excited to see shallow, wide, high-grade gold mineralisation in the first five diamond holes reported to date. These intercepts cover a strike of approximately 275m within the known 1,300m strike length of Target 1. These impressive assay results represent new project high assay intercepts, and we believe we are seeing early signs of the presence of a large, fresh high-grade gold system beyond the wide, thick oxidized gold mineralisation and all within open pitable mining depth.

These are still early days with more results expected in the coming weeks from our scout exploration drilling (over 6,000m drilled to date) on the BD tenement. In addition to drilling strike extension along known targets, we are also drilling down dip extensions in anticipation of defining inaugural gold resources by the end of 2024.

Read the full announcement

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