OzAurum Resources (OZM) has reported fresh results from a diamond drill hole completed at the Demag Zone within the Mulgabbie North project in Western Australia.
OzAurum Resources Ltd (ASX:OZM)’s has reported fresh results from a diamond drill hole completed at the Demag Zone within the Mulgabbie North project in Western Australia.
Drillhole MNODH 006 was recently completed at the Demag Zone which the company said has continued to demonstrate its potential for significant gold mineralisation since it was discovered in April this year.
The hole intersected a wide zone of alteration and sulphides with results of seven metres at 2.45 grams per tonne (g/t) gold from 279 metres including four metres at 3.65 g/t gold from 280 metres, and one metre at 5.38 g/t gold from 453 metres.
OzAurum also completed petrology on samples from the diamond hole which revealed more primary free gold at the Demag Zone.
The petrology also confirmed veining and alteration associated with high-grade gold in MNORC 202, which the company said is an “exciting” new target for diamond drilling.