Latest news with #BMTarget3
The Age
13-05-2025
- Business
- The Age
High grade gold hits continue for Aurum in West Africa
Aurum Resources has nailed a series of additional high grades gold hits at its Boundiali Project in Côte d'Ivoire, including 1m at 73.10 grams per tonne from Target 3 in its eastern BM licence, ahead of an expected upgrade to its mineral resource. The company is also working towards a pre-feasibility study at the site which it expects to complete before year's end. The new high-grade hit is included in an impressive 12m intercept assaying 6.66g/t gold starting from 69m. The 12m intercept also contains a shallower 1m interval going 5.13g/t gold from 72m. The same hole also delivered a solid run of shallower intercepts starting from 40m including a strike of 24.35m assaying 1.21g/t gold, including a 7m interval running 2.19g/t gold from 43m and another 6m at 1.58g/t from 53m. 'We expect to see an uplift in the mineral resources for BM Target 3 in the next MRE update.' Aurum Resources managing director Dr. Caigen Wang Other notable results occurred 900m south of the headline hole, where a 1m intersection assayed at 21.2g/t gold on or near the western margin of the second biggest resource area defined within BM Target 3. BM Target 3 currently extends over a north-south strike extent of about 2.2km and contains three initially defined resource outlines, the third outline being about half the area of previous two mentioned. The target has been peppered with drillholes as part of a monster 100,000m campaign conducted with its 8 company-owned diamond rigs, with many previously announced holes carrying other high-grade hits. Those hits include 2m at 63.53g/t gold from 111m in a hole that also produced 23m going 2.04g/t gold from 118m, including 14m assaying 2.85g/t gold.
Sydney Morning Herald
13-05-2025
- Business
- Sydney Morning Herald
High grade gold hits continue for Aurum in West Africa
Aurum Resources has nailed a series of additional high grades gold hits at its Boundiali Project in Côte d'Ivoire, including 1m at 73.10 grams per tonne from Target 3 in its eastern BM licence, ahead of an expected upgrade to its mineral resource. The company is also working towards a pre-feasibility study at the site which it expects to complete before year's end. The new high-grade hit is included in an impressive 12m intercept assaying 6.66g/t gold starting from 69m. The 12m intercept also contains a shallower 1m interval going 5.13g/t gold from 72m. The same hole also delivered a solid run of shallower intercepts starting from 40m including a strike of 24.35m assaying 1.21g/t gold, including a 7m interval running 2.19g/t gold from 43m and another 6m at 1.58g/t from 53m. 'We expect to see an uplift in the mineral resources for BM Target 3 in the next MRE update.' Aurum Resources managing director Dr. Caigen Wang Other notable results occurred 900m south of the headline hole, where a 1m intersection assayed at 21.2g/t gold on or near the western margin of the second biggest resource area defined within BM Target 3. BM Target 3 currently extends over a north-south strike extent of about 2.2km and contains three initially defined resource outlines, the third outline being about half the area of previous two mentioned. The target has been peppered with drillholes as part of a monster 100,000m campaign conducted with its 8 company-owned diamond rigs, with many previously announced holes carrying other high-grade hits. Those hits include 2m at 63.53g/t gold from 111m in a hole that also produced 23m going 2.04g/t gold from 118m, including 14m assaying 2.85g/t gold.
