Quarterly Activities Report
Perth, Jan 31, 2022 AEST (ABN Newswire) - OzAurum Resources Ltd (
ASX:OZM) is pleased to provide a summary of activities for the December 2021 Quarter.
Over the Quarter, the Company continued to deliver excellent results from its large-scale Reverse Circulation (RC) and Aircore (AC) drilling programs at the Mulgabbie North Project situated North East of Kalgoorlie and adjacent to Northern Star Limited's (ASX:NST) Carosue Dam Mine operations.
HIGHLIGHTS
- Significant wide zone of primary gold mineralisation intersected north of the James Prospect.
- Gold mineralisation is open along strike and at depth.
- RC holes that intersected significant gold mineralisation include:
- 18m @ 1.64 g/t gold (Au) - (from 105m) within 75m @ 0.72 g/t Au MNORC 115
- 14m @ 1.58 g/t Au - (from 24m) incl 1m @ 5.28 g/t Au MNORC 118
- 9m @ 1.52 g/t Au - (from 117m) MNORC 114
- 6m @ 1.39 g/t Au - (from 100m) MNORC 114
- 4m @ 1.48 g/t Au - (from 30m) within 20m @ 0.68 g/t Au MNORC 107
- RC drilling has extended the strike of primary gold mineralisation at Mulgabbie North to 1.3km.
- Intrusive porphyry has been intersected in a number of RC holes for the first time.
- AC holes that intersected significant gold mineralisation from composite samples include:
- 4m @ 3.09 g/t Au from 12m - MNOAC 615
- 4m @ 3.03 g/t Au from 64m - MNOAC 560
- 4m @ 2.00 g/t Au from 44m MNOAC 534
- 4m @ 1.68 g/t Au from 56m MNOAC 579
- 4m @ 1.68 g/t Au from 56m within 17m @ 0.8 g/t Au MNOAC 536
- 4m @ 1.65 g/t Au from 68m MNOAC 559
- 4m @ 1.61 g/t Au from 28m MNOAC 546
- 4m @ 1.59 g/t Au from 36m MNOAC 636
- 4m @ 1.47 g/t Au from 40m MNOAC 523
- 4m @ 1.41 g/t Au from 56m MNOAC 597
- 4m @ 1.40 g/t Au from 52m MNOAC 606
- AC drilling further extended the widespread gold zone an additional 1.4km to over 4.2km long and 150m wide at Mulgabbie North.
- New high priority targets for RC drilling have been defined by the high-grade AC supergene gold zone coinciding with the magnetic destruction zone.
The Company continued its large-scale drill programs which originally consisted of 20,000m RC and 30,000m AC drilling. Over recent quarters, these programs were expanded with approval of a further 10,000m of RC drilling, and an additional 15,000 of AC drilling.
*To view the full Quarterly Report with tables and figures, please visit:
https://abnnewswire.net/lnk/7VN11DG6
About OzAurum Resources Limited
OzAurum Resources Ltd (ASX:OZM) is a Western Australian gold explorer with two advanced gold projects located 130 km north east of Kalgoorlie. The Company's main objective is to make a significant gold discovery that can be brought to production.
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