Ozaurum Resources (ASX:OZM) has started a drilling program at a newly mapped cross-fault target within the Mulgabbie North gold project in Western Australia, according to a Tuesday filing with the Australian bourse.
The current air core drilling program covers 32 holes, the filing said.
The mineral explorer eyes additional drilling at cross-fault positions and further exploration of a newly mapped 4-kilometer paleochannel with numerous high-grade gold intercepts, per the filing.
Ozaurum Resources' shares rallied 12% in recent trade.
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