OzAurum Resources (ASX:OZM) Confirms Gold Discovery
Significant Gold Discovery
OzAurum Resources Ltd (ASX:OZM) has reported additional significant results from its RC drilling program at the new Cross Fault gold discovery within the Mulgabbie North Gold Project. The drilling confirms high-grade gold mineralisation over a substantial 400-metre strike length, enhancing the potential of this new discovery.
Exploration Highlights
The recent drilling intersected multiple gold zones, including 10m @ 1.80 g/t Au and 1m @ 3.91 g/t Au, among others. High-grade mineralisation extends into fresh rock, and wide sulphide zones were observed, indicating a significant gold endowment. Additionally, the Golden Goose RC hole intersected 10m @ 0.90 g/t Au, further validating the discovery.
Future Plans
OzAurum is planning further infill and extensional RC drilling, complemented by a 2,500-metre AC drill program to the south. This next phase aims to better understand the faulting and quartz feldspar porphyry identified in recent mapping. Enhanced project potential is expected to boost the overall prospectivity of the 260,000 oz Mulgabbie North Gold Project.
Executive Comments
CEO and Managing Director, Andrew Pumphrey, commented, “We continue to intersect significant gold mineralisation in fresh rock at the Cross Fault at Mulgabbie North with our RC drilling. The extension of this high-grade mineralisation into fresh rock, beyond the areas tested by previous air core drilling, significantly expands the potential scale of this discovery.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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