Aurumin Encounters Encouragement in First Two Mile Drilling

THE DRILL SERGEANT: Aurumin (ASX: AUN) announced assays results for the first hole of a reverse circulation (RC) and diamond drilling program currently underway at the company’s 100 per cent-owned Central Sandstone gold project in Western Australia.

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

On the first hole, RC drilling was carried out as a pre-collar to a depth of 109.5 metres and the diamond drilling tail extended the hole to a down-hole depth of 582.5m, resulting in 313m of the tonalite intrusive logged with numerous occurrences of visible gold.

A mineralised hanging wall zone of basalt and tonalite was also drilled after the main tonalite body.

From the start of tonalite through to the end of the mineralised hanging wall zone the drilling encountered:

SN_TM_RD_22_0002
344 metres at 1.29 grams per tonne gold, including

40.9m at 2g/t gold from 243.5m;
21.8m at 2g/t gold from 363.9m;
16.1m at 2.9g/t gold from 409.9m;
19.3m at 2g/t gold from 528.7m; and
22.2m at 2.5g/t gold from 555m.

“We are very happy with how Sandstone is progressing,” Aurumin managing director Brad Valiukas said in the company’s ASX announcement.

“We have been expanding our tenement footprint, looking for new deposits and advancing the 500,000 ounces gold Two Mile Hill underground deposit with deep holes.

“This is a great result from our first hole at Two Mile.

“We look forward to further results, with the fourth diamond drill hole and program now completed.

“We continue to see the Two Mile Hill underground deposit as a key part of the project going forward, with the scale to potentially underpin future production.”

 

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