Aurum Sources Restricted (ASX:AUE) (Aurum or the Firm) is happy to report additional large gold intercepts from step-back diamond drilling at BD Goal 1 as a part of ongoing diamond drilling at its Boundiali Gold Undertaking in Côte d’Ivoire, West Africa.
Highlights
- Step-back diamond drilling (14 holes for 4,485m) at BD Goal 1 on the Boundiali BD tenement returns shallow, large gold hits1 together with:
- 40m @ 1.03 g/t Au from 136m inc. 5m @ 1.70 g/t Au (DSDD0076)
- 11m @ 2.15 g/t Au from 169m inc. 4m @ 4.14 g/t Au &
- 10m @ 2.02 g/t Au from 322m inc. 2m @ 9.18 g/t Au (DSDD0062)
- Gold mineralisation stays open at BD Goal 1; alongside strike and down dip with mineralisation intersected right down to 385m beneath floor
- Induced Polarisation (IP) survey (2.8km by 4.5km) accomplished at BD Goal 1 to optimise drill concentrating on
- Actively drilling at BD Goal 2 and Boundiali BM tenement; assay outcomes anticipated quickly
- Aurum is now utilising a second assay lab to enhance assay turnaround time
- Two extra diamond rigs (able to drilling 900m downhole) have arrived, rising Aurum’s fleet to 6; drilling fee to achieve ~10,000m monthly (concentrating on 45,000m for CY2024)
- Preliminary Mineral Useful resource Estimate for Boundiali focused for late CY2024
- Aurum is well-funded (~$20M) for continued aggressive exploration.
Aurum’s Managing Director Dr. Caigen Wang mentioned: “We’re delighted with one other shallow, large gold intercept at BD Goal 1. Gold mineralisation stays open alongside strike and at depth, with intersects as deep as 385m beneath floor. Each gap we drill helps us perceive the controls on the high-grade gold shoots we discover inside these wider intercepts.
The brand new IP survey and structural knowledge are guiding our drill concentrating on. With two new NOCK1300 diamond drill rigs operational, we’re keen to check BD Goal 1 right down to roughly 900m.
With six rigs on web site, we count on to attain ~10,000m drilling monthly, systematically exploring the complete potential of the 13km by 3km goal zone at BD and our different tenements throughout the Boundiali gold venture. We’re additionally enhancing our operations with new automobiles, a centralised camp, and we’re utilizing a second laboratory to reinforce effectivity and assay turnaround occasions.
We’re well-funded with ~$20 million money at financial institution, permitting us to speed up drilling and construct on these encouraging outcomes. We’re concentrating on an inaugural JORC useful resource for Boundiali by late 2024.”
BD Goal 1 – Newest Drill Outcomes
Assay outcomes reported on this launch embrace 14 holes (4,485m) drilled at BD Goal 1, which stays open with additional drilling deliberate. Extra important assay outcomes for these holes2 embrace:
- 40m @ 1.03 g/t Au from 136m inc. 5m @ 1.70 g/t Au (DSDD0076)
- 11m @ 2.15 g/t Au from 169m inc. 4m @ 4.14 g/t Au &
- 10m @ 2.02 g/t Au from 322m inc. 2m @ 9.18 g/t Au (DSDD0062)
These new outcomes are along with diamond holes drilled by Aurum at BD Goal 1 and reported beforehand on 1 March 2024, 12 March 2024, 10 Might 2024, 28 Might 2024 and 17 June 2024, which embrace a number of +50 gold gram meter intervals over a 300m strike and right down to a mean depth of 200m (Desk 1).
Desk 1: Important Intersections BD Goal 1 over 300m strike
These shallow large high-grade gold intercepts are predominately from the hanging wall lodes at BD goal 1 and true widths are estimated at about 70% – 80% of reported downhole lengths.
Particulars of drill collar location and assay outcomes for the brand new drilling on BD Goal 1 are in Desk 2 and Desk 3 respectively. Plans exhibiting Boundiali Gold Undertaking location together with assay outcomes are offered in (Determine 1 to Determine 3). A cross part exhibiting the most recent drill outcomes is offered in Determine 4.
Gold mineralisation stays open alongside strike and at depth on all prospects, with drilling ongoing and additional work being deliberate. Aurum has prioritized various IP outlined targets to outline extra excessive precedence targets for drill testing throughout the 2.8km by 4.5km IP surveyed space however sitting outdoors of at present drilled gold prospects.
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