Aurumin Drills Lengthy Two Mile Hill Gold Encounter

THE DRILL SERGEANT: Aurumin Limited (ASX: AUN) has delivered an impressive drilling result from the third hole of recently completed reverse circulation (RC) and diamond drilling at the company’s 100 per cent-owned Central Sandstone gold project in Western Australia.

Aurumin is conducting the drilling hoping to both extend and better define the company’s previously reported inferred underground Mineral Resource Estimate (MRE) of 14.2 million tonnes at 1.1 grams per tonne gold for 500,000 ounces of gold at the Two Mile Hill deposit.

The company’s hopes were heightened after drilling hole SN_TM_RD_22_0003 that returned an intersection of 352.8 metres at 1.5g/t gold from 267.2m down hole.

As a bonus, mineralisation continued beyond that interval with a further 145.2m at 0.5g/t gold returned.

Highlights within the larger interval included:

12.8m at 2.9g/t gold from 298.2m;
8.4m at 9.3g/t gold from 392.2m, including 0.6m at 119g/t gold from 396.4m;
14.8m at 2.2g/t gold from 461.2m; and
25m at 5.4g/t gold from 531.2m including 0.85m at 80.6g/t gold from 532.1m.

“This is another great result and, along with the previously released diamond results, continues to add to the picture at Two Mile Hill,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“Along with the recently completed RC drilling at Shillington, this sets us up to now model the Shillington and Two Mile Hill deposits as a single geological complex, with known grade in the banded iron formation, mafic and tonalite.

“We anticipate results for the final diamond hole and RC pre collars shortly.

“We look forward to releasing those results and commencing an updated resource model directly after.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Web: www.aurumin.com.au