Join our daily newsletter At The Bell to receive exclusive market insights
- Aurumin (AUN) finds fine visible gold in its first diamond hole drilled through a tonalite target at the Central Sandstone gold project in Western Australia
- The company says its drilling program is progressing well with reverse circulation drilling completed and the first diamond drill hole now through the tonalite target
- Diamond drilling aims to extend and better define the exisiting inferred 500,000-ounce Two Mile Hill underground resource
- Core from the first diamond hole is currently being processed on site in preparation for assaying
- Shares in Aurumin were up 3.13 per cent to $0.16 as of 3:38 pm AEST
Aurumin (AUN) has found fine visible gold in its first diamond hole drilled through a tonalite target at the Central Sandstone gold project in Western Australia.
The company said its drilling program at the project is progressing well with reverse circulation drilling completed and the first diamond drill hole now through the tonalite target.
Diamond drilling aims to extend and better define the exisiting inferred 500,000-ounce Two Mile Hill underground resource.
The first diamond hole has intersected numerous occurrences of mostly fine
visible gold through the tonalite, and the core is currently being processed on-site in preparation for assaying.
Managing Director Brad Valiukas said the company has a two-pronged approach at Central Sandstone.
“The first part is to make the most of the 500,000-ounce Two Mile Hill Resource. We are
diamond drilling currently with some specific goals and it’s always pleasing to
be intersecting visible gold,” he explained.
“The second part is to make the most out of the tenement package that we have at Sandstone. The auger program is part of that, exploring for new deposits just a couple of kilometres from existing infrastructure. Another five targets is a great outcome and there are still further areas to be assessed with another program.”
The company has also received results from the auger program which confirmed six targets from the 2021 campaign. Results increased the resolution of anomalism at Two Mile West, Mt Klempt, Wirrimina North, Nugget Patch, Three Mile and Nungarra Town.
These targets will be further assessed for the next stage of work.
Shares in Aurumin were up 3.13 per cent to $0.16 as of 3:38 pm AEST.
