Aurum Resources Limited, listed as ASX:AUE, has exciting news to share from its ongoing diamond drilling activities at the Boundiali Gold Project in Côte d’Ivoire, West Africa. The latest results from BD Target 1 showcase promising wide gold intercepts, indicating the project’s potential. Let’s delve into the key highlights and developments:
- Step-back diamond drilling at BD Target 1 has unveiled shallow, wide gold hits, including significant intercepts like 40m @ 1.03 g/t Au and 11m @ 2.15 g/t Au. These results emphasize the extensive gold mineralization potential at the site, which remains open along strike and down dip.
- An Induced Polarisation (IP) survey spanning 2.8km by 4.5km has been completed at BD Target 1 to refine drill targeting and maximize exploration efficiency.
- Aurum is actively drilling at BD Target 2 and other tenements, with assay results eagerly anticipated. The deployment of two new diamond rigs, adding to the existing fleet of six, is expected to boost the drilling rate to around 10,000m per month, targeting a cumulative 45,000m for CY2024.
- With a strong financial position (~$20M), Aurum is well-funded for aggressive exploration and aims to establish an Initial Mineral Resource Estimate for Boundiali by late CY2024.
The Managing Director of Aurum, Dr. Caigen Wang, expressed enthusiasm about the recent findings and the company’s strategic approach. He highlighted the significance of each drilling effort in deciphering the gold distribution patterns and affirmed the company’s commitment to maximizing the potential of the Boundiali Gold Project.
The latest drill results at BD Target 1 underscore the project’s promising outlook, with wide high-grade gold intercepts showcasing the site’s mineralization potential. As the exploration continues and further work is planned, Aurum remains dedicated to unlocking the full extent of the gold mineralization across its prospects.
In conclusion, Aurum’s recent achievements at the Boundiali Gold Project demonstrate the company’s commitment to thorough exploration and unlocking the project’s full potential. With a strong focus on strategic drilling and efficient operations, Aurum is well-positioned to deliver significant results and drive further success in the future exploration endeavors.
