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:
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;
20m at 2.55g/t gold – (from 251m), including 10m at 3.62g/t gold;
43m at 0.82g/t gold – (from 56m), including 15m at 1.32g/t gold; and
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:
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.”
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