Source : THE AGE NEWS
The company’s 2.41 million-ounce Boundiali gold task in Côted’Ivoire, West Africa, is the site of another impressive circular of diamond drilling results from its continued 100, 000-meter program.
The most recent assays from 30 holes for 7208m of drilling have completed the final data set for the company’s Boundiali mineral resource estimate ( MRE ) update, which is scheduled for later this month.
11 drillholes have extended the latest mineralization 600 meters north of the 130, 000-ounce source design limits at the BDT3 destination in the northern east of Aurum’s BD tenement.
One of the standout hits was one that produced 9m assaying 8.15 grams of gold per tonne ( g/t ) from 207 metres, with 2m going more than one ounce of gold per tonne.
The new findings from drilling at BST1 have confirmed breadth and reach additions.
Dr. Caigen Wang, managing chairman of Aurum Resources
A subsequent hole in the same target produced a 9-meter, 8-gram gold from a 223-meter core that ran an eye-watering 70.37g/t gold, or about two ounces of gold per tonne.
The findings support the existence of high-grade potential well beyond Aurum’s prior modeling and allow the loan to grow significantly for further cutting.
Extensional cavities have added an average of 130m in vertical level below the 360, 000-ounce material assets that are currently present at the BST1 goal, which is located about 19 kilometers west of BDT3.
Best coordinates include 10m at 2.51g/t silver from 170m, including 5m at going 4.74g/t golden and 18.4m scoring 1.04g/t silver from 240m. Along the attack and deep, the program is still operational.
At Boundiali, there are geological packages that contain sulfide, quartz shading, and alteration. The structure is controlled and free-milling. Between 60 % and 85 % of the intercept lengths that were reported are true.
Dr. Caigen Wang, managing chairman of Aurum Resources said: “These new results continue to demonstrate the Boundiali system remains underexplored, demonstrating a scale of gold endowment well above our current Mineral Resources.”
With a fleet of ten drill rigs supporting its aggressive 130-meter drill program, Aurum maintains fully funded for its planned aggressive program through this year with an unaudited cash balance of about$ 40 million as of the close of last year.
A key near-term catalyst for the business is a Boundiali nutrient resource upgrade this quarter, along with another mineral resource update for the company’s another gold project, Napié, located 90 kilometers east of Boundiali.
The firm anticipates finishing its Boundiali pre-feasibility research in the upcoming quarter, setting the stage for its anticipated clear investigation after in the year.
Aurum’s Boundiali debris all appear to be opened, and there is still a lot of potential for blind deposits to be discovered throughout the known mineralized corridor.
The most recent cutting results have provided compelling evidence of modifications, further lowering the risk of BDT3 and BST1, and boosting confidence in the entire Boundiali job. In addition, they have expanded the asset base before a significant update is due.
With high-grade affect and level extensions keeping the Boundiali tale firing on all cylinders, Aurum appears to be delivering the goods at its North American premier project.
With more drilling results and feasibility studies on the horizon, punters are likely to be paying close attention to the news in the future, action-packed first quarter window.
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