PROMISING GOLD INTERCEPTS AT BOUNDIALI BD TARGET 2

Highlights include 74m at 1.0 g/t and 6m at 3.31 g/t Au

Aurum Resources Limited (ASX: AUE) has announced further shallow, wide gold intercepts from diamond holes at BD Target 2, part of its Boundiali Gold Project in Côte d’Ivoire, West Africa.

Highlights

  • Assay results from scout and step-back diamond drilling (18 holes for 3070m) at BD Target 2 include:
    • 74m @ 1.0 g/t Au from 167m, including 1m @ 24.73 g/t Au (DSDD0044)
    • 6m @ 3.31 g/t Au from 99m, including 8m @ 1.51 g/t Au from 71m
    • 33m @ 0.84 g/t Au from 146m, including 1m @ 9.95 g/t Au (DSDD0046)
    • 1m @ 10.01 g/t Au from 71m (DSDD0024)
  • BD Target 2 spans 1.7km by 1km, featuring gold prospects with artisanal workings.
  • Additional assay results from BD Target 1 are anticipated in the coming weeks.
  • Drilling program includes 30,000m of diamond drilling planned for this year.
  • Current drilling rate is ~4,000m per month with an increase to ~6,000m per month expected.
  • Initial Mineral Resource Estimate for Boundiali is targeted in late CY2024.
  • Aurum maintains a strong cash balance of ~A$5M to support its drilling program.

Aurum’s Managing Director Dr. Caigen Wang stated:

We are very pleased to see BD Target 2 is shaping up nicely with good, wide intercepts from 100m line spacing diamond holes confirming the gold system is open along strike and continues at depth. These new shallow, wide gold intercepts prove the gold system continues in fresh rock underneath shallow oxide RC drilling (30 holes for 2,057m) drilled by previous explorers.

Follow-up drilling is required to chase the system along strike and at depth as well as areas where our team has identified artisanal workings. BD Target 2 is about 6km to the north of BD Target 1, where we intercepted 73m @ 2.15g/t Au from 172m (DSDD0012). These prospects sit within a 13km by 3km gold mineralised corridor the majority of which has not yet been tested by drilling.

We are well funded and supported by our shareholders and with our three diamond rigs targeting around 4,000m of drilling per month. Given the encouraging results to date, we are confident to add new targets on the BD and BM tenements whilst we drill towards our target of delivering inaugural JORC resources for the Boundiali project by late 2024.

Read the full announcement

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