OzAurum Resources Ltd (ASX: OZM) has made a gold discovery with significant wide zone of primary gold mineralisation intersected at the Mulgabbie North Demag Zone in Western Australia.
Results from the company’s recently commenced 7,500 m Reverse Circulation (RC) drilling campaign at the Mulgabbie North Project continues the large scale drilling programme where 74,000m of combined RC and AC drilling was completed in 2021 following the company’s listing on ASX.
The drilling programme has so far identified significant wide zones of gold mineralisation. The current RC results include eleven holes for 1,630m of drilling at the Mulgabbie North Project, located North East of Kalgoorlie.
Highlights
• Virgin gold discovery with significant wide zone of primary gold mineralisation intersected at the Mulgabbie North Demag Zone.
• Gold mineralisation is open at depth and along strike.
• RC holes that intersected significant gold mineralisation include:
o 56m @ 1.31 g/t gold (Au) – (from 68m) incl 18m @ 2.07 g/t Au MNORC 177
o 26m @ 1.79 g/t Au – (from 136m) incl 8m @ 4.78 g/t Au and MNORC 176
o 28m @ 1.00 g/t Au – (from 72m) incl 4m @ 2.32 g/t Au MNORC 174
o 11m @ 1.90 g/t Au – (from 49m) incl 1m @ 12.15 g/t Au MNORC 180
o 11m @ 1.13 g/t Au – (from 103m) incl 5m @ 2.06 g/t Au MNORC 178
• MNORC 177 intersected 56m @ 1.31 g/t including 18m @ 2.07 g/t Au associated with pyrite and arsenopyrite mineralisation and quartz veining.
• Significant RC gold results from three 100m spaced drill lines 8300N, 8400N and 8500N.
• The Demag Zone represents a new virgin discovery of significant gold mineralisation with historical drilling limited to 10 shallow vertical RAB holes completed in 1999.
• High priority RC and diamond drilling of the Demag Zone will be undertaken as soon as drilling rigs become available.
• Mulgabbie North Relief Shear continues to prove a host to significant gold mineralisation adjacent to the Northern Star Resources (ASX: NST) Carosue Dam mill.
“The new virgin gold discovery at the Mulgabbie North Demag Zone has intersected significant gold mineralisation in a number of RC drill holes,” CEO and Managing Director, Andrew Pumphrey, said.
“These excellent results further validates the potential of the Mulgabbie North Gold Project to be a significant gold discovery situated right alongside the Northern Star Carosue Dam Mill.”
Upcoming Activities
Follow-up RC and diamond drilling at Mulgabbie North Demag Zone is a high priority, along with ongoing RC drill testing of AC saprolite gold anomalies and extensions to the Ben and James Prospects.
Utilising best practice RC drilling, sampling and assay protocols will allow for a potential future JORC 2012 compliant resource to be estimated with confidence at Mulgabbie North.
For further information please visit: https://ozaurumresources.com/
