Aurum Assets Restricted (ASX:AUE) (Aurum or the Firm) is happy to announce the renewal of its Boundiali South (BST) exploration licence1 (incomes 100% curiosity), which hosts the superior high-grade Nyangboue gold deposit. The BST tenement is one in all 4 tenements making up Aurum’s Boundiali Gold Challenge in Côte d’Ivoire, West Africa.
Highlights
- Boundiali South (BST) exploration licence renewed; Ministerial approval for exploration drilling on the high-grade Nyangboue deposit (partially situated in a categorized forest space) anticipated in coming weeks
- Boundiali South has returned earlier spectacular exploration outcomes2 together with:
- 20m @ 10.45g/t gold from 38m (BRC0004S BIS)
- 30m @ 8.30g/t gold from 39m (NDC007)
- 28m @ 4.04g/t gold from 3m and 6m @ 3.29g/t gold from 47m (BRC003)
- 9m @ 7.90g/t gold from 99m (BRC006)
- Two new diamond drill rigs arriving on website this week, rising Aurum’s fleet to 6; drilling fee to achieve ~10,000m per thirty days with assays pending (concentrating on 45,000m for CY2024)
- New centralised exploration camp progressing on schedule, anticipated to be operational by end-October 2024, bettering effectivity and decreasing prices
- Preliminary Mineral Useful resource Estimate for Boundiali on observe for late CY2024
- Aurum is well-funded (~$20M) for continued aggressive exploration.
Aurum’s Managing Director Dr. Caigen Wang mentioned: “We’re happy to announce that the renewal of the superior BST exploration licence has been authorized by Côte d’Ivoire’s Ministre des Mines, Petrole et Energie.
This superior tenement hosts the high-grade Nyangboue deposit (20m @ 10.45g/t Au from 38m: BRC0004S BIS) and we’re simply ready on sign-off from the Minister for Forest and Water to start step again diamond drilling to check for depth extensions of those high-grade shoots.
We lengthen our nice due to Côte d’Ivoire authorities’s assist in exploring and growing gold assets on this extremely promising gold tenement.
With six rigs on website, we’ll be drilling ~10,000m per thirty days. We’re well-funded to proceed our aggressive exploration program, with ~$20 million money at financial institution, to speed up drilling and construct on the encouraging outcomes up to now and concentrating on inaugural JORC assets by late 2024.”
Boundiali South (BST) renewal
The BST exploration licence hosts Nyangboue, essentially the most superior exploration gold play inside the broader Boundiali gold mission. The exploration licence for BST was renewed by Côte d’Ivoire’s Ministre des Mines, Petrole et Energie on 19 August 2024, masking a considerable space of 167.36km2.
Approvals Progressing for Nyangboue Drilling
Following the allow renewal, approvals for exploration drilling on the high-grade Nyangboue prospect are advancing. Closing Ministerial sign-off is anticipated inside weeks. Drilling is anticipated to start shortly after receiving the mandatory approvals for operations inside a categorized forest, which covers lower than half of the exploration licence.
Determine 1 Nyangboue exploration drilling – plan view (BST tenement)
A number of Gold Targets Outlined3 inside BST
In depth floor geochemical sampling (greater than 5,700 soil samples) returned high-grade gold-in- soil values as much as 9,964 Au ppb, and delineated three compelling gold anomalies:
- Nyangboue: +6km strike
- Nyangboue South: +2km strike
- Gbemou: +1.5km strike.
Gold mineralisation is noticed to be related to quartz veins, usually containing seen gold. The Nyangboue gold deposit sits on the interface of two distinct lithologies.
In depth Drilling Database
The mission boasts a complete historic drilling database, encompassing:
- Aircore: 545 holes, 21,056.00m
- RC diamond tail: 10 holes, 1,658.12m
- Diamond drill: 8 holes, 1,771.33m
- RC drilling: 247 holes, 17,975.00m.
Excessive-Grade Potential Confirmed
Display screen hearth assay re-assay of high-grade samples by earlier explorers yielded a Boundiali Gold Challenge pattern excessive of 192.5 g/t Au from gap BRC004BIS, underscoring the mission’s vital potential.
Historic Drill Outcomes at Nyangboue4
Earlier drilling at Nyangboue delivered encouraging outcomes, together with:
- 20m @ 10.45g/t Au from 38m (BRC0004S BIS)
- 30m @ 8.30g/t Au from 39m (NDC007)
- 28m @ 4.04g/t Au from 3m and 6m @ 3.29g/t Au from 47m (BRC003)
- 9m @ 7.90g/t Au from 99m (BRC006)
- 27m @ 2.42g/t Au from 27m (BRC175)
- 20m @ 1.29g/t Au from 211m (NDC016)
- 2m @ 13.57g/t Au from 130m (NDC017)
- 17m @ 1.09g/t Au from 189m; 20m @ 1.29g/t Au from 211m and 12m @ 2.14g/t Au from 244m EOH (NDC016).
Click on right here for the total ASX Launch
This text consists of content material from Aurum Assets Restricted, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your accountability to carry out correct due diligence earlier than performing upon any data supplied right here. Please consult with our full disclaimer right here.
