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Aurum Resources Ltd (ASX:AUE) has announced the discovery of additional high-grade gold intercepts at its BMT3 site in Boundiali, Côte d’Ivoire. This development follows a series of successful drilling campaigns as part of the company’s extensive exploration initiatives aimed at expanding its mineral resources.
The exploration efforts at Boundiali are crucial, demonstrating Aurum’s commitment to advancing its mining projects. The company has been working on a 30,000-metre drilling program, with the latest results emerging from 18 drill holes totaling 5,479 metres.
Exploring the Boundiali project
The Boundiali Gold Project, part of the larger 0.87-million-ounce Napié Gold Project, has shown promising potential. Recent drilling results have validated the existence of broad, high-grade zones outside the current 0.54-million-ounce resource at Tchaga. The mineralization is confirmed over a significant strike length of more than 2.3 kilometers, with additional potential remaining open along the trend and at depth.
Drilling campaign insights
Among the notable findings were several impressive intersections, including 17 meters at 9.38 g/t gold from a depth of 236 meters. These high-grade results are supported by broader intervals of lower-grade mineralization, such as 50 meters at 0.62 g/t from 363 meters and 36.7 meters at 0.66 g/t from 93.3 meters. The ongoing drilling campaign continues to yield promising results, reinforcing the potential for resource growth ahead of a scheduled update in the near future.
Dr. Caigen Wang, Managing Director of Aurum, emphasized the significance of these findings. He stated, “We are encountering multiple broad and shallow open-pitable gold intercepts in this latest round of drilling at the Tchaga deposit.” This enthusiasm reflects ongoing efforts to validate and expand mineral resources through strategic drilling.
Future directions for Aurum Resources
Aurum Resources plans to significantly enhance its exploration capabilities. The company operates a fleet of 12 diamond drill rigs, enabling aggressive testing of major gold systems across Côte d’Ivoire. With over 130,000 metres of drilling planned for the upcoming period, including 100,000 metres at the flagship Boundiali Project, Aurum is positioned for further advancements in its exploration endeavors.
Scheduled updates and financial position
Looking ahead, Aurum has two major mineral resource updates scheduled for the near future, alongside a pre-feasibility study for the Boundiali project. With a strong cash position of $43 million, the company is well-equipped to navigate the evolving gold market and capitalize on emerging opportunities.
Historically, drilling at the Tchaga deposit has consistently yielded high-grade results, with past intercepts including 13 meters at 20.82 g/t gold from a depth of 32 meters and 9 meters at 22.73 g/t from 36 meters. Current drilling operations are set to continue, with further assay results expected throughout the upcoming period. It is estimated that true widths for these shallow, extensive gold intercepts range between 65% and 80% of the reported downhole lengths.
Aurum Resources’ proactive approach to exploration and development positions it favorably for delivering substantial value to its shareholders. By prioritizing resource growth and maintaining a robust financial strategy, Aurum is set to strengthen its place in the competitive gold mining sector.
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