Aurum Hits 11.46m at 6.67 g/t Gold at Boundiali BM Target 1

Highlights

Aurum’s Managing Director Dr. Caigen Wang said: “We’re delighted to report shallow, wide high-grade gold from our second round of drilling at BM Target 1 including 11.46m @ 6.67 g/t Au from 162.54m in MBD049, which is the best result to date on the BM tenement. Prior to this round of drilling, our geologists spent time reviewing previous drilling and mapping the prospects, which include some large artisanal pits, and we have been rewarded with these results.

With six rigs on site, we expect to achieve ~10,000m drilling per month, systematically exploring the full potential of the Boundiali gold project. We’re well-funded with ~$20 million cash at bank, allowing us to accelerate drilling and build on these encouraging results. We’re targeting an inaugural JORC resource for Boundiali by late 2024.”

BM Target 1 – Latest Drill Results

Aurum reports results for five DD holes for 914.5m drilled at BM Target 1 on the BM Tenement, part of the second phase of drilling on the BM Tenement through which Aurum earned 51% project interest³ in the BM Tenement (ASX Announcement 9 September 2024). Best results for these holes⁴ include:

These new results are in addition to diamond holes previously drilled by Aurum at BM Target 1 and reported on 22 January 2024 and 1 March 2024 which included the following significant results:

Aurum’s geologists used information from previous drilling and mapped the prospects, which include some large artisanal pits, to design the second round of drilling at BM Target 1. True widths for these shallow wide high-grade gold intercepts at BM Target 1 are estimated at about 70% – 80% of reported downhole lengths.

Details of drill collar location and assay results for the new drilling on BM Target 1 are in Table 1 and Table 2 respectively. Plans showing Boundiali Gold Project location including assay results are presented in (Figure 1 to Figure 3). A cross section showing the latest drill results is presented in Figure 4.

Gold mineralisation remains open along strike and at depth on all prospects, with drilling ongoing and Aurum planning further work to follow up these initial results.

Next steps

Aurum will continue its high-tempo gold exploration drilling at the Boundiali Gold Project. Considering the recent high-grade intercepts reported in this release at BM Target 1, Aurum is planning follow-up drilling of around 1,500m a month to further define the extent of mineralisation. Exploration drilling on the early-stage BM tenement will continue to test for potential new discoveries.

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