Aurum Resources’ Boundiali BM tenement delivers best gold intercept to date

Aurum Resources (ASX: AUE) has reported high-grade gold intercepts – including the best to date – from a second round diamond drilling (DD) campaign at the BM Target 1 within its Boundiali project in Côte d’Ivoire.

The company completed five holes for 914.5 metres that returned shallow, wide gold hits with a highlight of 11.46m at 6.67 grams per tonne gold from 162.54m, including 1.46m at 45.04g/t.

Managing director Dr Caigen Wang said it was the best result to date on the BM tenement, which houses BM Target 1.

Drilling highlights

Other drilling highlights were 45m at 0.93g/t gold from 78m, including 8m at 1.18g/t gold from 78m and 25m at 1.15g/t gold from 98m and 10m at 2.84g/t gold from 120m, including 8m at 3.40g/t.

The gold mineralisation is believed to remain open along strike and down dip, with true widths for the intercepts estimated at 80% of reported down-hole lengths.

The new results add to DD holes from BM Target 1 earlier this year that returned significant results of 16m at 1.24g/t gold from 117m, including 6m at 2.44g/t and 7.39m at 1.94g/t gold from 139.34m, including 5.35m at 2.53g/t.

Aggressive program

Dr Wang labelled the second round of drilling a success.

“Prior to this round of drilling, our geologists spent time reviewing previous drilling and mapping the prospects including some large artisanal pits and we have been rewarded with these strong results,” he said.

Aurum has six drill rigs on site to carry out 10,000m of aggressive drilling per month across the entire Boundiali project and is on target to complete a budgeted 45,000m for the calendar year.

Exploration will be funded from the company’s $20 million cash balance and will allow for accelerated drilling to build on the results to date.

Aurum is targeting a maiden mineral resource estimate for Boundiali before year-end.