OzAurum Resources (OZM) has received further results from its Mulgabbie North Project in Western Australia.
So far, 102 aircore (AC) holes, for 7284 metres, have been drilled as part of OzAurum’s 30,000-metre drilling campaign.
The aim of this drilling is to test a number of high tenor gold auger soil anomalies on the western area of the project.
Anomalous results will then be followed up with reverse circulation (RC) drilling.
Best results include eight metres at 4.28g/t gold from 24 metres, four metres at 2.05g/t gold from 24 metres and four metres at 1.96g/t gold from 28 metres.
Furthermore, OzAurum has intersected a 400-metre-long and 150-metre-wide zone of gold mineralisation to the west of current RC drilling.
Mineralisation remains open at depth and is coincident with gold auger geochemistry anomalies and a gravity low.
“The company is excited about the additional high-grade AC intercepts so early in our large-scale drilling campaign,” CEO Andrew Pumphrey said.
“This is a new widespread zone of gold mineralisation situated west of our current RC drilling at Mulgabbie North which provides even greater confidence in the project,” he added.
OzAurum will continue updating the market as work progresses and results become available.
At market close, shares in OzAurum are steady and are trading at 18 cents in a $20.61 million market cap.