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OzAurum Resources Reports Drilling Results From Demag Zone Gold Discovery

THE DRILL SERGEANT: OzAurum Resources (ASX: OZM) appeared pleased with results from a recently completed ten-hole reverse circulation (RC) program Demag Zone gold discovery at the company’s Mulgabbie North project in Western Australia.

OzAurum Resources reported results from RC holes that included:

MNORC 192
57 metres at 1.05 grams per tonne gold – (from 119m), including 21m at 1.31g/t gold and 10m at 1.72g/t gold;

MNORC 184
20m at 2.55g/t gold – (from 251m), including 10m at 3.62g/t gold;

MNORC 191
43m at 0.82g/t gold – (from 56m), including 15m at 1.32g/t gold; and

MNORC 186
1m at 19.6g/t gold – (from 43m).

OzAurum also received results for a second diamond hole recently completed at the Demag Zone that included:

MNODH 003
40m at 0.95g/t gold – (from 92m), including 5m at 3.32g/t gold; and

9m at 1.52g/t gold – (from 137m), including 3m at 3.05g/t gold.

Diamond drilling has continued at the Demag Zone with fourth diamond hole, MNODH 005, at a current depth of 74m and planned to be drilled to a depth of 600m.

An additional nine-hole RC drilling program is planned to commence soon.

“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.

“The RC holes and second diamond hole drilled at the new virgin gold discovery Demag Zone have continued to intersect significant gold mineralisation, further validating the potential of Mulgabbie to be a significant gold discovery.

“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

 

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