Aurumin Drills High-Grade Johnson Range Gold

THE DRILL SERGEANT: Aurumin (ASX: AUN) reported gold assay results from recent RC drilling carried out at the company’s Johnson Range gold project in Western Australia

Aurimin conducted the RC drilling on the Gwendolyn deposit, being the first drilling at Johnson Range since 2013 designed to infill and validate the project’s existing 64,700 ounce at 2.5 grams per tonne gold Inferred Mineral Resource.

Assays included:

GWRC250008
6 metres at 16.5 grams per tonne gold from 65m, including 3m at 32.1g/t gold and 1m at 76.1g/t gold;

GWRC250013
7m at 9.3g/t gold from 16m, including 2m at 23.4g/t gold; and

GWRC250002
9m at 3.6g/t gold from 111m, including 2m at 13.3g/t gold.

Aurimin considers the Gwendolyn deposit a near-term development opportunity due to it hosting a current inferred JORC Mineral Resource and being located on a granted mining lease within haulage distance of multiple processing centres.

“The assay results from our first drilling program at Johnson Range in more than a decade have exceeded expectations,” Aurimin managing director Daniel Raihani said in the company’s ASX announcement.

“These high-grade intercepts confirm the strength of the Gwendolyn deposit and support a resource upgrade — a key step in positioning this asset for near-term development.

“Importantly, several of the strongest results are from shallow depths, including 7m at 9.3g/t gold from just 16m downhole.

“This highlights the potential for a low-strip, low-cost open pit mining scenario, which is particularly attractive given the current gold price environment.

“With gold trading above $5,000 per ounce, the timing is ideal to progress this asset.

“Our technical team is now advancing resource modelling and planning the next phase of drilling.

“We anticipate further news flow in the months ahead as we continue to drive Johnson Range toward development and integrate it into our broader Sandstone gold production strategy.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE