OzAurum Resources (ASX:OZM) said that a reverse circulation drilling program at its Mulgabbie North gold project in Western Australia confirmed high-grade gold mineralization, according to a Tuesday Australian bourse filing.
The results yielded 48 meters at 1.66 gram per tonne of gold from 48 meters including nine meters at 5.79 g/t gold from a depth of 12 meters and 12 meters at 4.26 g/t gold from 18 meters including two meters at 22.58 g/t gold.
The company's shares jumped 35% on market close.
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