PROMISING DRILL RESULTS AT BOUNDIALI

Substantial Intercepts Identified in Recent West Africa Exploration

Aurum Resources Ltd (ASX: AUE) reports notable shallow gold intercepts from diamond drilling at its Boundiali Gold Project in Côte d’Ivoire, West Africa.

Highlights:

  • Among the most impressive findings are intercepts from 4 holes totalling 940.5m, drilled at BD Target 1, revealing significant gold assays including:
    • 90m @ 1.16 g/t Au from 143m inc. 1m @ 1.04 g/t Au and 35m @ 1.47 g/t Au
    • 43m @ 0.96 g/t Au from 321m inc. 7m @ 1.73 g/t Au
    • 23m @ 1.36 g/t Au from 293m inc. 5m @ 3.32 g/t Au
    • 9m @ 2.32 g/t Au from 109m inc. 1m @ 16.82 g/t Au
    • 59m @ 1.42 g/t Au from 68m inc. 13m @ 3.92 g/t Au

Dr. Caiqen Wang, Managing Director of Aurum, highlighted the continuity and promising depths achieved, stating:

Results from two step-back holes at BD Target 1 have confirmed the gold system is open and continues at depth. It is very encouraging to see these new wide gold intercepts underneath earlier results such as 73m @ 2.15g/t Au from 172m (DSD0012) (Refer to Figure 3). We have drilled ~60m down dip with these holes from previous hits and these are the deepest holes (covering ~300m vertically) drilled on the project so far.

Visible gold has been noted in the core samples, and the company is currently refining its assay techniques to better suit the coarser gold mineralisation seen at Boundiali. This ongoing refinement underscores Aurum’s proactive approach in optimising exploration methodologies at the site.

With a robust drilling schedule set to continue, including a planned increase in rig capacity from 2,600m per month to approximately 4,000m, Aurum Resources is poised for significant advancements in their exploration efforts. Further assay results from BD Target 1 and 2 are anticipated over the coming weeks, as the company aims to deliver inaugural JORC resources by late 2024. Aurum maintains a strong cash balance of approximately A$6M, which supports their aggressive exploration strategies.

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Goldman

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