• High-grade, near-surface gold intersected within the paleochannel system
• Results from 84 RC holes (3,010m) represent the first phase of a planned 18,000m grade control program
• Mineralisation remains open along a >4km interpreted paleochannel trend, with strong potential to add ounces to the existing ~260koz Mineral Resource

OzAurum Resources Ltd (ASX: OZM) is pleased to report strong shallow, high-grade gold results from the first batch of reverse circulation (RC) grade control drilling at the Paleochannel Project within its Mulgabbie North Gold Project, located in the Eastern Goldfields of Western Australia. Highlights include high-grade, near-surface gold intersected within the paleochannel system, with results from 84 RC holes (3,010m) representing the first phase of a planned 18,000m grade control program. The mineralisation remains open along a >4km interpreted paleochannel trend, with strong potential to add ounces to the existing ~260koz Mineral Resource. Standout gold intercepts include 6m @ 4.46 g/t Au (from 26m, including 1m @ 17.34 g/t Au), 4m @ 4.46 g/t Au (from 27m, including 1m @ 12.02 g/t Au), and 4m @ 4.06 g/t Au (from 27m). These results are consistent with previously reported bonanza-grade intersections within the system, including up to 1m @ 162 g/t Au, highlighting the high-grade tenor of the paleochannel mineralisation. The Paleochannel Project presents a clear opportunity to potentially define additional high-grade ounces, expand the existing Mineral Resource base, and enhance the potential feed inventory for the Mulgabbie North heap leach development pathway.

With drilling ongoing across a 4km trend, OzAurum sees clear upside to define additional high-grade ounces that could have a meaningful impact on future development scenarios, particularly given the shallow depth and favourable geometry of the mineralisation.