Aurumin boosts Plum Pudding resource by 33%

Gold explorer Aurumin Ltd (ASX:AUN) has increased the Plum Pudding resource at its Central Sandstone project in Western Australia by 33% – or a rise of 4,600 ounces – capping off a strong quarter for the company.

The company has been busy undertaking both exploration and resource definition drilling at the project – 520 kilometres northeast of Perth – with the total Sandstone Operation resource now positioned at 951,000oz; Plum Pudding sits at 18,700oz.

Drilling results from December also produced solid results from the Shillington deposit, including eight metres at 2.5 grams per tonne (g/t) Au from 12 metres; 14 metres at 1.3g/t from 56 metres; and six metres at 1.8g/t from 46 metres.

Exploration at Plum Pudding itself yielded assays such as three metres at 2.79g/t of gold from 20 metres; 11 metres at 0.82g.t from 35 metres; four metres at 1.08g/t from 23 metres.

Managing director Daniel Raihani said the new number for Plum Pudding was a strong result to underline the recent quarter’s work.

“We are very pleased to announce this resource upgrade after a successful quarter across the board for Aurumin, completing a capital raising that was well supported by major shareholders and board members, recommencing exploration, and resource drilling programmes at [the] highly prospective Central Sandstone and announcing the Sandstone iron ore joint venture,” he said.

“Aurumin remain focussed on generating the critical mass required for future gold production at our Sandstone Operations and the next on-ground step for both the gold and iron ore is drilling.”

Aurumin has been trading flat at 6.7 cents.

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