OzAurum Resources Reports High-Grade Gold Mineralisation
Key points
- Consistent high-grade gold mineralisation confirmed at shallow depths
- Heap leach plant refurbishment nearing completion
- Site civil works for heap leach pad and agglomeration plant foundations have commenced
Full summary
OzAurum Resources Ltd reported a productive quarter with significant advancements in its Mulgabbie North Gold Project. The company confirmed continuous, high-grade gold mineralisation across the full length of its Paleochannel Project, with a 435-hole, 15,646m RC grade control program returning multiple intercepts above 10 g/t Au at shallow depth. The standout gold intercepts included 7m @ 8.12 g/t Au, including 1m @ 49.70 g/t Au. The quarter also marked a shift from study to construction, with heap leach plant refurbishment nearing completion and site civil works now underway. Metallurgical testwork confirmed excellent heap leach amenability, with Column 2 (drill hole MNODH 020) achieving 82% gold recovery from deeper saprolite/transition ore (assay grade 1.35 g/t Au). The company is increasingly confident it is on a clear pathway to near-term gold production.
Outlook
OzAurum Resources Ltd is confident that the confirmed high-grade gold mineralisation and successful metallurgical testwork will support a robust, bankable mine plan and a clear pathway to near-term gold production.
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