Join our daily newsletter At The Bell to receive exclusive market insights
Aurum Resources’ (ASX:AUE) strategic decision to acquire an interest in the Boundiali gold project in Côte d’Ivoire in CY23 continues to pay off, with the company striking high-grade gold again in its latest 100,000-metre drilling run.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The explorer’s latest results have expanded the resource footprint and increased classification confidence ahead of an upcoming Boundiali mineral resource estimate update this quarter. Drilling to grow the project resource and discover new mineralisation has been a focus since taking a share of Boundiali.
With a strong cash position behind it, Aurum is well-funded to run an aggressive 130,000m drill program across Boundiali and the company’s Napié project.
“These new results continue to demonstrate the Boundiali system remains underexplored, demonstrating a scale of gold endowment well above our current mineral resources,” Aurum’s managing director, Dr Caigen Wang, said.
Dr Wang explained to shareholders that the results from hole DSDD0361, which returned 9.0m at 8.15 grams per tonne (g/t) Au from 207m, have confirmed there are multiple high- grade plunging shoots in the system, with the new intercept located 800m north of a previous high-grade hole
Along with the other new holes, the hit has confirmed gold mineralisation extends more than 600m north of the current resource model. The new results also confirmed depth and strike extensions, with the new drilling extending gold mineralisation by an average of around 130m vertically below the current MRE.
The new results will now be integrated into the upcoming Boundiali MRE update − and Aurum’s chief believes there’s still more to come in CY26.
“So far, our drilling at Boundiali has targeted only the most obvious outcropping anomalies. The potential for blind discoveries remains enormous,” Dr Wang said.
“With our 12 owned rigs active and $40 million in the bank, we are perfectly positioned to deliver our Boundiali pre-feasibility study towards the end of this quarter and move rapidly toward a DFS in late 2026.”
AUE is up +4.26%, to 73.5¢. Mkt cap $244.0M.
Join the discussion: See what HotCopper users are saying about Aurum Resources Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
