| Announcement Date: | 2022-02-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | OzAurum Resources Ltd. |
| Project name: | Mulgabbie North |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 73m @ 1.3g/t Au from 17m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | OzAurum Resources Ltd (ASX: OZM or OzAurum or the Company) is pleased to announce further results from the Company’s large-scale Reverse Circulation (RC) drilling campaign, that has so far identified significant wide zones of gold mineralisation. The current RC results include 48 holes for 7,912 meters (m) of drilling at the Mulgabbie North Project, located North East of Kalgoorlie. The Company’s recently announced 15,000m drilling program is scheduled to commence this week. The Company is pleased to report the results from 48 drill holes that were drilled for 7,912m at the Mulgabbie North Project. Current drilling aimed to test extensions of the James Prospect, as well as, to test aircore gold anomalies. Significant gold mineralisation, over a wide zone, has been intersected in RC drill holes situated north of the James Prospect within the Mulgabbie North Project. This wide zone of gold mineralisation is located on the Relief Shear and the lithological contact that hosts gold mineralisation is at both the James and Ben Prospects. In particular, the current drilling extends the strike of gold mineralisation to confirmed by RC drilling to 1.3km. |
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