Aurum Sources (ASX:AUE) introduced a maiden JORC-compliant useful resource estimate of 1.59 million ounces of gold for its Boundiali gold venture in Côte d’Ivoire, West Africa, on Monday (December 30).
Managing Director Dr. Caigen Wang mentioned the useful resource estimate follows the completion a 63,927 metre diamond drilling program at Boundiali. The corporate acquired permits and arrange three way partnership partnerships 12 months in the past.
“This aggressive exploration marketing campaign has quickly outlined a major gold useful resource of fifty.9 million tonnes at 1.0 grams per tonne for 1.6 million ounces,” he added within the firm’s press launch.
In keeping with Aurum, the useful resource estimate contains deposits the place drilling is ongoing: BST, BDT1, BDT2, BMT1 and BMT3. The corporate has additionally recognized different prospects which might be but to be drilled.
Boundiali spans 1,037 sq. kilometres and its tenements are situated straight east of the city of Boundiali.
On December 23, Aurum mentioned preliminary metallurgical take a look at work had confirmed total gold recoveries exceeding 95 %. The take a look at work was accomplished on diamond core samples from two prospects on the Boundiali BD tenement.
“The outcomes present that we will obtain excessive gold recoveries exceeding 95 %, with a good portion of the gold recoverable via the most cost effective technique — gravity separation,” Wang mentioned concerning the take a look at work.
In keeping with the corporate, Boundiali is at the moment progressing as a possible hub-and-spoke operation, which means that Aurum will proceed to discover deposits and take a look at new targets throughout the venture space.
In 2025, Wang mentioned Aurum is seeking to launch a 100,000 metre drill program geared at useful resource enlargement. Past that, it’s concentrating on to launch a prefeasibility research for Boundiali towards the tip of this 12 months.
Don’t neglect to comply with us @INN_Australia for real-time information updates!
Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: AurumSources is a consumer of the Investing Information Community. This text isn’t paid-for content material.
