ASX-listed Aurum has reported high-grade gold intercepts from step-back diamond drilling at its Tchaga deposit (0.54Moz @ 1.16 g/t Au), part of the Company's 0.87Moz Napié Gold Project in Côte d'Ivoire.
These results are part of a 30,000m drilling program at Napié. The Company aims to deliver the project's first resource update in late 2025.
Highlights
- Assay results from Aurum’s first two diamond holes (totalling 698.80m) drilled at the Tchaga deposit (2.3km) have successfully extended the known limits of gold mineralisation at depth. These holes are the first from a 30,000m drilling program, with encouraging intercepts including:
- 2.60m @ 6.48 g/t Au from 93m inc. 1.40m @ 11.74 g/t Au (NADD053)
- 17m @ 9.38 g/t Au from 236m inc. 3m @ 49.46 g/t Au inc. 1m @ 143.58 g/t Au (NADD053)
- 4m @ 11.82 g/t Au from 362m inc. 1m @ 46.16 g/t Au (NADD053)
- 17m @ 1.49 g/t Au from 387m inc. 4m @ 4.16 g/t Au (NADD053).
- 10.45m @ 0.65 g/t Au from 90.55m inc. 2m @ 2.26 g/t Au (NADD051)
- 36.15m @ 0.77 g/t Au from 105m inc. 3m @ 2.79 g/t Au (NADD051)
- Initial results demonstrate the emerging potential and continued upside of the Napié gold project, with gold mineralisation remaining open along strike and at depth (over 93% of the MRE is shallower than 150m)
- Two of Aurum’s self-owned diamond rigs continue to drill at Napié (30,000m) and eight drilling at Boundiali (100,000m) to deliver more than 130,000m of drilling in CY2025.
- Two MRE updates (Boundiali and Napié) planned for submission by end of CY2025 to grow the Company’s 3.28Moz resource base.
- Aurum has commenced a Boundiali Pre-Feasibility Study, due for completion by end of CY2025.
- Aurum is well-funded with $40M (cash plus Montage shares) (unaudited) for continued exploration success.
Aurum’s Managing Director Dr. Caigen Wang said: “It is my pleasure to announce the first results from our diamond drilling at the Napié Project’s Tchaga deposit. Strong multiple intercepts down NADD053 with hits including 17m @ 9.38 g/t Au from 236m inc. 3m @ 49.46 g/t Au inc. 1m @ 143.58 g/t Au have extended gold mineralisation down to 340m below surface, where previously on this section it was 120m. This great result confirms extensions to high-grade shoots at Tchaga, where mineralisation remains open along strike and at depth.
Aurum's use of its own drill rigs, with our fleet of 10 rigs, provides for cost-effective and accelerated exploration, underpinning our objective of significant resource growth at Napié and Boundiali in 2025 and beyond, ultimately contributing to a Pre-Feasibility Study for Boundiali expected by year-end.
With a combined 3.28Moz of gold across Boundiali and Napié, and substantial drilling programs ongoing for both projects, Aurum is well-positioned for significant resource growth and further value creation in 2025.”
