OzAurum Resources Ltd (ASX: OZM or OzAurum or the Company) is pleased to provide an update on the recently completed ten-hole Reverse Circulation (RC) program drilled for 2,100 meters (m) which delivered exceptional gold results. In addition, OzAurum received significant results for the second diamond hole, MNODH 003, recently completed at the new virgin gold discovery Demag Zone discovered at the Mulgabbie North Project.
Highlights
- RC holes that intersected significant gold mineralisation include:
- 57m @ 1.05 g/t gold (Au) – (from 119m) incl 21m @ 1.31 g/t Au, 10m @ 1.72 g/t Au
MNORC 192
- 20m @ 2.55 g/t Au – (from 251m) incl 10m @ 3.62 g/t Au MNORC 184
- 43m @ 0.82 g/t Au – (from 56m) incl 15m @ 1.32 g/t Au MNORC 191
- 1m @ 19.60 g/t Au – (from 43m) MNORC 186
- 15m @ 2.08 g/t Au - (from 51m) incl 9 m @ 3.29 g/t Au, 1m @ 18.60 g/t Au MNORC 186
- 43m @ 0.82 g/t Au – (from 62m) incl 15m @ 1.32 g/t Au MNORC 191
- RC Drilling formed part of a ten-hole program for 2,100m targeting extensions at the new discovery Demag Zone.
- Significant results were also received from diamond hole MNODH 003 and include:
- 40m @ 0.95 g/t Au – (from 92m) incl 5m @ 3.32 g/t Au
- 9m @ 1.52 g/t Au – (from 137m) incl 3m @ 3.05 g/t Au
- Diamond drilling has continued at the Demag Zone with fourth diamond hole, MNODH 005, at a current depth of 74m and planned to be drilled to a depth of 600m.
- An additional nine-hole RC drilling program, for 1,900m of drilling, is planned to commence on 18 July.
- Mulgabbie North Relief Shear continues to demonstrate its potential to host significant gold mineralisation directly adjacent to the Northern Star (ASX:NST) Carosue Dam mill.