OzAurum Resources Ltd (ASX:OZM) CEO Andrew Pumphrey speaks with JustStocks Videoafter releasing an update on the company’s 100%-owned Patricia Gold Project.
Summary of Interview
High-grade Gold Results at Heysen’s Find: rock chip samples from this newly discovered prospect located 7.5km south of the Patricia Open Pit Gold Mine, returned assays up to 16.23 g/t Au.
Extensive Mineralisation: A shear-hosted quartz vein stockwork zone, extending over 250m in strike, yielded multiple high-grade gold rock chip samples
Encouraging Depth Potential: High-grade samples exhibit gossan boxwork textures, suggesting the presence of pyrite mineralisation at depth within fresh rock.
Favourable Structural Setting: Outcropping dolerite on the western and eastern contacts of the shear zone indicate favourable geological setting for gold mineralisation
Historical Drilling: Two fences of 10 shallow historical RAB holes have intersected significant gold mineralisation, but no follow-up deeper drilling has been conducted
Regional Significance: Heysen Find’s proximity to the Hootanui Fault that, a major regional structure hosting significant gold deposits like the Granny Smith Gold Mine and Lake Rebecca Gold Deposit, adds further prospectivity to the area
Next Steps: Geological mapping, and further rock chip sampling and planned RC drilling.
