OzAurum Resources (ASX:OZM) said that a recent infill reverse circulation drilling program at the paleochannel zone within the Mulgabbie North gold project in Western Australia confirmed substantial high-grade gold mineralization, according to a Tuesday Australian bourse filing.
Significant intercepts from the drilling campaign include five meters at 5.87 grams-per-tonne grade of gold from 22 meters, as well as three meters at 7.25 g/t grade of gold from 27 meters, the filing said.
Two diamond drill holes for 220 meters in total at the Cross fault will be used to determine the structural controls on gold mineralization, while a 66-meter reverse circulation hole drilled at the Golden Goose prospect aims to better define previously reported high-grade gold intercepts.
Line Hydrogen drilled one diamond hole and one reverse circulation hole to facilitate additional metallurgical test work in the proposed trial open pit area.
Its shares fell over 9% on market close.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。