Announcement Date: 2022-07-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: OzAurum Resources Ltd.
Project name: Mulgabbie North
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 57m @ 1.05g/t Au from 119m
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 provide an update on the recently completed ten-hole Reverse Circulation (RC) program drilled for 2,100 meters (m) which delivered exceptional gold results. In addition, OzAurum received significant results for the second diamond hole, MNODH 003, recently completed at the new virgin gold discovery Demag Zone discovered at the Mulgabbie North Project. The Company is pleased to report the results of the recently completed RC program which included ten holes for 2100 meters of drilling at the Mulgabbie North Demag Zone, as well as the results for diamond hole MNODH 003, which was drilled to a depth of 334.75 meters. Significant high-grade gold results have been received from a number of RC holes in the current program which include Gold mineralisation at the Demag Zone is associated with significant wide downhole intervals of sericitecarbonate alteration with pyrite and arsenopyrite mineralisation which has been intersected in both RC and diamond drilling at the Demag Zone. Further, recent RC and diamond drilling has confirmed the host conglomerate unit having a true thickness of approximately 120m.
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