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.

• OzAurum Resources (OZM) intersects a wide zone of alteration and sulphides within a diamond hole at the Demag Zone in WA
• The drillhole intersected seven metres at 2.45 g/t gold from 279 metres including four metres at 3.65 g/t gold from 20 metres
• The next diamond hole is underway which is testing the down-dip extension of gold mineralisation in a separate hole
• OzAurum will conduct further drilling and structural work in the area to target high-grade ore shoots
• OZM shares end the day five per cent in the red to close at 9.5 cents

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.