Wang said the company had reduced the line spacings to 100m along strike. The drilling program continues to extend the limits of known mineralisation along strike and up and down dip, ahead of an expected uplift in the mineral resource for its BM Target 3 in Aurum’s next resource update.
Mineralisation remains open along strike and at depth, highlighting the emerging potential of the 1.59 million ounce Boundiali project.
Aurum has an ambitious exploration program at Boundiali, with eight company-owned diamond rigs targeting 100,000m of drilling in 2025.
The program aims to expand the resources at the company’s BST, BD and BM deposits, to advance known prospects and test new targets identified from soil geochemistry and geological mapping.
The company plans to incorporate these results into two mineral resource estimates this year. It expects to update and expand the current 1.59-million-ounce resource in late July, followed by a second update by year-end incorporating the results from drilling planned for its BST, BD and BM targets.
Aurum has also initiated a pre-feasibility study for an open-pit operation at Boundiali, set for completion by the end of the year, to evaluate the project’s economic and technical viability.
A separate 30,000m diamond drilling program is also underway at the company’s Napié gold project, about 110 kilometres southeast of Boundiali, targeting expansion of its 0.87-million-ounce resource. It expects to release an updated mineral resource estimate for Napié by the end of the year.
Backed by a strong financial position, including $46.9 million in cash and an unaudited Montage share value from a recent $35.6 million private placement, Aurum remains strongly funded to continue its busy exploration and development schedule.
The Australian-based explorer is focused on its high-grade gold projects in Côte d’Ivoire, including Boundiali and the nearby Napié projects, through aggressive drilling and development. If Aurum maintains its current discovery rate with long intercepts and some exceptional gold grades, punters could be forgiven for salivating at the project’s potential being revealed in its imminent mineral resource upgrades.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
