More High-Grade Gold at Paleochannel and Plant Update
| Stock | Ozaurum Resources Ltd (OZM.ASX) |
|---|---|
| Release Time | 26 May 2026, 8:23 a.m. |
| Price Sensitive | Yes |
OzAurum Discovers High-Grade Gold at Paleochannel and Plant Update
- Third batch of RC drilling confirms high-grade gold mineralisation within paleochannel.
- Standout gold intercepts include 6m @ 6.31 g/t Au and 1m @ 32.08 g/t Au.
- Mineralisation remains open along a >4km interpreted paleochannel trend.
- Heap leach plant refurbishment is on track for commissioning.
- Assembly and dry commissioning of modules set to commence.
OzAurum Resources Ltd (ASX: OZM) continues to deliver strong shallow, high-grade gold results from ongoing reverse circulation (RC) grade control drilling at the Mulgabbie North Paleochannel Project. The results form part of the ongoing feasibility study and are expected to assist with mine planning and evaluation of potential future development scenarios in the context of the proposed commissioning of the Mulgabbie processing plant. Highlights include near-surface, high-grade gold mineralisation within the paleochannel system, with mineralisation remaining open along a >4km interpreted paleochannel trend. Standout gold intercepts include 6m @ 6.31 g/t Au and 1m @ 32.08 g/t Au. The heap leach plant refurbishment is on track for commissioning, with assembly and dry commissioning of modules set to commence.
The consistent delivery of shallow, high-grade gold mineralisation is increasing confidence in both the mine plan and the broader growth opportunity across the 4km mineralised corridor.