We've returned wide high-grade gold intercepts from the second round of diamond drilling at BM Target 1 at our Boundiali Gold Project in Côte d'Ivoire, including 𝟭𝟭.𝟰𝟲𝗺 𝗮𝘁 𝟲.𝟲𝟳 𝗴/𝘁 𝗔𝘂. Gold mineralisation remains open along strike down dip at BM Target 1. Diamond drilling is ongoing at both Boundiali BD and BM tenements, with assay results pending. We're on track to complete 45,000m of drilling in CY2024, with an initial Mineral Resource Estimate for Boundiali expected by late CY2024. Managing Director Dr. Caigen Wang said: “We're delighted to report shallow, wide high-grade gold from our second round of drilling at BM Target 1 including 11.46m @ 6.67 g/t Au from 162.54m in MBD049, which is the best result to date on the BM tenement. Prior to this round of drilling, our geologists spent time reviewing previous drilling and mapping the prospects, which include some large artisanal pits, and we have been rewarded with these results. With six rigs on site, we expect to achieve ~10,000m drilling per month, systematically exploring the full potential of the Boundiali gold project. We're well-funded with ~$20 million cash at bank, allowing us to accelerate drilling and build on these encouraging results. We're targeting an inaugural JORC resource for Boundiali by late 2024.” Read the full ASX Announcement here: https://lnkd.in/gtpZCTkx #miningnews #ASXnews #mining #gold #WestAfrica #Aurum #AUE #ASX
Aurum Resources
Mining
West Perth , WA 2,995 followers
Aurum Resources Ltd (ASX:AUE) is an ASX-listed gold exploration company focused on its Boundiali Gold Project.
About us
Aurum Resources Ltd (ASX:AUE) is an ASX-listed gold exploration company focused on its Boundiali Gold Project in Côte d’Ivoire, West Africa which is within the same greenstone belt as the large Syama (11.5Moz) and Sissingué (1.0 Moz) gold mines to the north, Tongon (5.0Moz) to the northeast and Montage Gold’s 4.5Moz Koné project to the south. Our other projects include the Ryan’s Find gold project in the Mt Dimer region and Penny South base metal and gold project, south of Youanmi, both in Western Australia. The Ryan’s Find licences have had limited gold exploration conducted despite being on strike of the Mt Dimer gold mine. The Penny South Project is located adjacent to and on the same structure as Ramelius’s Penny West & Penny North gold mine and has potential for nickel-copper mineralisation.
- Website
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www.aurumres.com.au
External link for Aurum Resources
- Industry
- Mining
- Company size
- 2-10 employees
- Headquarters
- West Perth , WA
- Type
- Public Company
Locations
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Primary
1 Altona Street
Suite 2, Level 1
West Perth , WA 6005, AU
Employees at Aurum Resources
Updates
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Precious Metals Summit Beaver Creek Presentation #gold #westafrica #AUE
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🗞️Aurum Resources achieves key milestone at Boundiali with increased JV stake and ongoing drilling success | Media coverage by Small Caps. https://lnkd.in/g3DnsrmC #gold $AUE
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Aurum Resources reposted this
Aurum Resources has cemented a 51 per cent foothold on the BM joint venture within its Boundiali #gold project in Côte d'Ivoire after completing more than 8000m of diamond drilling at the West African site. $AUE #MinexWestAfrica #BULLSNBEARSWA Business News
Aurum drilling extends foothold at West African gold play
businessnews.com.au
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We've earned a 51% interest in the BM Joint Venture tenement, part of our Boundiali Gold Project in Côte d'Ivoire, after completing 8,408.35m of diamond core drilling within the first 12 months of the JV. The BM tenement, known for significant artisanal workings, and has delivered encouraging results from our 2023 scout drilling campaign, including intercepts of 𝟭𝟲𝗺 @ 𝟭.𝟮𝟰 𝗴/𝘁 𝗔𝘂 and 𝟳.𝟯𝟵𝗺 @ 𝟭.𝟵𝟰 𝗴/𝘁 𝗔𝘂. We're continuing diamond drilling, targeting an initial JORC resource by late CY2024 and are well-funded with approximately $20 million to support our exploration efforts. Managing Director Dr. Caigen Wang said: “We are pleased to announce that through our careful and geologically-driven planning and execution of diamond drilling programs, in the second phase of our Plusor-Minex JV, we have drilled 8,000m diamond holes to earn 51% project interest, thanks to our JV partner’s strong support and diligent work by our in-country exploration team. While the scouting drilling results released early this year are very encouraging, we are more excited about pending assay results in early October for new holes drilled in recent months. With ongoing diamond drilling continues through the rest of this year, we are expecting inaugural JORC resources to be defined on this JV project, together with initial JORC resources from the BD tenement where very impressive drilling results have been intercepted and report.” Read the full ASX Announcement here: https://lnkd.in/ghtsSb-n #GoldExploration #AurumResources #CotedIvoire #Mining #BoundialiGoldProject #DiamondDrilling #GoldDiscovery #MineralResource #MiningInvestments #ExplorationDrilling #JORCResource #GoldMining
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Africa Down Under: Investor Presentation - September 2024 #AUE #gold #WestAfrica #Aurum
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🗞️Drilling rewards Aurum with 40m Côte d’Ivoire #gold hit | Media covered by Business News WA. https://lnkd.in/gWveWtmR #Aurum #WestAfrica #AUE #Aurum
Drilling rewards Aurum with 40m Côte D’Ivoire gold hit
businessnews.com.au
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Aurum Resources reports new #gold intercepts from drilling at Boundiali’s BD Target 1 | Media coverage by Small Caps. https://lnkd.in/gShXNXqA #AUE #Aurum #MiningNews #ASXNews
Aurum Resources reports new gold intercepts from drilling at Boundiali's BD Target 1
smallcaps.com.au
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Aurum Resources reposted this
A 14-hole diamond drilling program has rewarded Aurum Resources with a #gold hit of 40m at 1.03 grams per tonne from 136m at its Boundiali project in Côte d'Ivoire as it moves to develop a large-scale mine. $AUE #BULLSNBEARSWA Business News https://lnkd.in/gG9gBWtc
Drilling rewards Aurum with 40m Côte D’Ivoire gold hit
businessnews.com.au
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We've reported wide gold intercepts, including 𝟰𝟬𝗺 𝗮𝘁 𝟭.𝟬𝟯 𝗴/𝘁 𝗔𝘂, from step-back diamond drilling at BD Target 1, part of ongoing diamond drilling at our Boundiali Gold Project in Côte d'Ivoire, West Africa. Gold mineralisation remains open along strike and down dip, with mineralisation intersected down to 385m below surface. An IP survey has been completed to optimise drill targeting, and two more diamond rigs have arrived, increasing our fleet to six. We are targeting a drilling rate of 10,000m per month, aiming to exceed 45,000m in CY2024. An initial Mineral Resource Estimate for Boundiali is targeted for late CY2024. Managing Director Dr. Caigen Wang said: “We're delighted with another shallow, wide gold intercept at BD Target 1. Gold mineralisation remains open along strike and at depth, with intersects as deep as 385m below surface. Every hole we drill helps us understand the controls on the high-grade gold shoots we find within these wider intercepts. The new IP survey and structural data are guiding our drill targeting. With two new NOCK1300 diamond drill rigs operational, we're eager to test BD Target 1 down to approximately 900m. With six rigs on site, we expect to achieve ~10,000m drilling per month, systematically exploring the full potential of the 13km by 3km target zone at BD and our other tenements within the Boundiali gold project. We're also improving our operations with new vehicles, a centralised camp, and we are using a second laboratory to enhance efficiency and assay turnaround times. We're well-funded with ~$20 million cash at bank, allowing us to accelerate drilling and build on these encouraging results. We're targeting an inaugural JORC resource for Boundiali by late 2024.” Read the full ASX Announcement here: https://lnkd.in/gQ-kycs2 #gold #AUE #Aurum #WestAfrica #ASXNews #MiningNews