Explaurum receives positive results from drilling at Tampia gold project

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THE DRILL SERGEANT: Explaurum Limited (ASX: EXU) announced positive results from a diamond drilling program at the company’s Tampia gold project, east of Perth near the wheat belt township of Narembeen.

Explaurum picked up the Tampia gold project as part of its recent acquisition of Auzex Exploration.

In April 2015, an updated 2012 JORC Inferrred Resource was announced for the Gault prospect at the Tampia project of 310,000 ounces of gold at 2 grams per tonne gold, using a 1g/t gold cut-off and 40g/t gold top-cut.

The drilling program entailed seven diamond drill holes, five of which were drilled into the Gault resource area (M70/816) to confirm previous (1987 – 2000) drilling results and a more recent structural interpretation of the mineralisation, as well as providing metallurgical samples for test work.

Results included:

THDDH006
26.6 metres at 1.82g/t gold, including 3.2m at 6.17g/t gold from 52.8m;

THDDH007
4.3m at 1.86g/t gold from 20.6m, 5.9m at 1.05g/t gold from 49.3m and 2m at 1.81g/t gold from 80m;

THDDH009
7.7m at 2.19g/t gold from 92.3m; and

THDDH011
6m at 2.17g/t gold from 23.9m, including 2.9m at 3.45g/t gold from 27m.

Intercepts from new zones of mineralisation at Gault included:

THDDH006
7.1m at 3.54g/t gold from 117.9m; and

THDDH009
0.3m at 16.05g/t gold from 160m.

“These latest results are highly encouraging and confirm the company’s assessment of the project’s potential,” Explaurum Limited managing director John Lawton said in the company’s announcement to the Australian Securities Exchange.

“Follow-up RC drilling, both within the resource area and potential extensions to the north, together with detailed metallurgical test work of the known mineralisation, as well as assessment of regional targets, are planned to commence in October.

“The bottle roll assay results as a precursor to the initial metallurgical test work program have returned very promising results and indicate that the bulk of the known mineralisation will prove to be mostly ‘free milling’ adding significantly to the project’s economic potential for a toll treatment or standalone operation.

“The analytical, structural and lithological information gained from the short core program at Tampia has proven valuable in understanding the controls on mineralisation and highlighting the potential of the Gault prospect and surrounding areas.”

Email: info@explaurum.com.au

Website: www.explaurum.com.au