Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

AUN by the numbers
More From The Market Herald
The Market Herald Video

" EBR Systems (ASX:EBR) completes interim enrolment for SOLVE trial

EBR Systems (ASX:EBR) has completed interim patient enrolment in the pivotal SOLVE-CRT IDE trial of WiSE.
The Market Herald Video

" MONEYME (ASX:MME) lifts funding capacity

MONEYME (ASX:MME) has increased funding facilities to $1.65 billion, with an undrawn capacity of $388 million.
The Market Herald Video

" INOVIQ (ASX:IIQ) granted SubB2M US patent for diagnostic applications

INOVIQ (ASX:IIQ) has been granted a US patent that covers its SubB2M technology and provides intellectual…

" Lithium Australia’s (ASX:LIT) Envirostream receives first cash rebate for B-cycle scheme

Lithium Australia's (ASX:LIT) subsidiary, Envirostream Australia has received its first cash rebate for the B-cycle scheme.