OzAurum Resources Diamond Drilling Delivers High-Grade Gold at Demag Zone

THE DRILL SERGEANT: OzAurum Resources (ASX: OZM) was eager to deliver results of the first completed diamond hole at its new gold discovery Demag Zone within its Mulgabbie North gold project in Western Australia.

OzAurum Resources reported the first hole intersected gold mineralisation that compares with previous Reverse Circulation drilling, which it claimed further validates the potential of Mulgabbie to be a gold discovery of some note in the Eastern Goldfields.

Diamond hole, MNODH 002, drilled at the Demag Zone returned outstanding results of;

55 metres at 1 gram per tonne gold from 47m, including 4m at 4.98g/t gold (with 1m at 15.55g/t gold).

This result closely correlates with recently reported RC hole, MNORC 177, which intersected:

56m at 1.31g/t gold from 68m, including 1m at 5.26g/t gold, and 18m at 2.07g/t gold.

“We are excited to report on the significant drilling progress at our Mulgabbie North gold project,” OzAurum Resources CEO and managing director Andrew Pumphrey said in the company’s ASX announcement.

“In particular, the first completed diamond hole drilled at our new virgin gold discovery Demag Zone has intersected significant gold mineralisation that closely correlates with adjacent RC hole MNORC 177, further validating the potential of Mulgabbie to be a significant gold discovery, directly adjacent to Northern Star’s Carosue Dam mine.

“We look forward to providing shareholders with further drilling updates at this exciting new discovery.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ozaurumresources.com

 

Web: www.ozaurumresources.com