Economy

Aurum nails top hit of 1m at 150.5g/t gold at West African project

The latest results complement a string of 13 other compelling, previously reported hits from the BM tenement, which paint a picture of consistent impressive runs and solid gold grades.

Importantly, much of the data from the prospects remains open-ended in depth and strike and is crying out for further drilling.

The impressive sheeted six-vein system at BM Target 3 that contains the current program’s top hit of 1m at 150.5g/t gold shows additional vein potential below the six structures intercepted to date.

That potential is indicated by a thick intercept in one hole about 200m downhole that warrants down-dip follow-up.

Aurum is planning extensive additional diamond drilling this year amounting to a total of about 100,000m at the Boundiali project.

The key combined objectives of the proposal include increasing the size and confidence level of current resources at the BST, BD and BM tenements with 40,000m of drilling and to devote a further 30,000m to advancing known prospects, with the ultimate goal of producing two resource updates this year.

A further 30,000m of exploration and scout drilling will be directed towards new prospects identified through soil sampling and geological mapping from which new resources can be brought online into 2026.

The Boundiali project currently hosts a combined 1.59 million ounces of gold. Aurum hopes to expand this resource and to undertake a pre-feasibility study before the end of the year, to scope out the project’s technical considerations and economics.

The study is likely to be supported by a second resource update that will include results from the more comprehensive drilling at the BD, BM, and BST deposits and other yet-to-be tested gold-in-soil anomalies.

The company is also planning an aggressive 30,000m diamond drilling program this year to expand the current 870,000 ounce mineral resource estimate at its Napié project, about 100km southeast of the Boundiali project, with an updated resource estimate expected before the end of the year.

Aurum remains well-funded with about $23 million in the kitty, giving the company plenty of flexibility to continue its aggressive drilling program, further enhanced by its ownership of the six drill rigs currently onsite.

Is your ASX-listed company doing something interesting? Contact: [email protected]

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  • Source of information and images “brisbanetimes”

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