- Aurumin (AUN) will commence its first drilling program at the company’s 100 per cent-owned Central Sandstone Gold Project in May
- The program will focus on testing depth extensions at the Two Mile Hill Deeps Deposit and the down plunge position of the high-grade core of the Shillington-Two Mile Hill BIF
- All required approvals have been received and a reverse circulation (RC) drill has been secured
- Managing Director Brad Valiukas views the Two Mile Hill Deeps Deposit as a “key part of the project” with the scale to potentially underpin future production
- AUN shares are down 9.52 per cent to trade at 19 cents at market close
Aurumin (AUN) will commence its first drilling program at the company’s 100 per cent-owned Central Sandstone Gold Project in May.
The program will focus both on testing depth extensions at the Two Mile Hill Deeps Deposit and on testing the down plunge position of the high-grade core of the Shillington-Two Mile Hill Banded Iron Formation (BIF).
All required approvals have been received and a reverse circulation (RC) drill has been secured, with both RC and diamond drilling planned in the program.
Managing Director Brad Valiukas views the Two Mile Hill Deeps Deposit as a “key part of the project” with the scale to potentially underpin future production.
“This extra drilling could prove important in better understanding the deposit’s potential,” he said.
Most of the drilling at Two Mile Hill to date has focussed on the top 250 metres of the deposit and has defined an open pit resource of 71,000 ounces.
The deeper drilling that is present, although wider spaced, has identified high-grade intercepts in the tonalite, often within larger moderate grade intersections to a depth of 650 metres below surface which the deposit is considered open below.
The drill programme at Two Mile Hill will target improving the data density in the area of sparser drilling between 250 metres and 500 metres below surface which the company said is “relatively under-drilled”.
The drilling, however, is said to show good vein frequency and high-grades typical of the tonalite style mineralisation.
The Central Sandstone Project is located 12 kilometres south of the township of Sandstone and is located on a sealed highway between the mining towns of Mt Magnet and Leinster in the East Murchison Mineral Field of Western Australia.
Five holes, for 3000 metres, are planned to be drilled.
AUN shares were down 9.52 per cent to end the day trading at 19 cents.