Aurum wraps up Ryans Find drilling

Aurum Resources (ASX:AUE) has concluded a maiden aircore drilling program at its flagship Ryans Find Project in Western Australia. 

The gold and base metals explorer says the drilling program ran smoothly and was ‘efficiently’ completed within 2 weeks, with 74 aircore holes drilled by Wallis Drilling for 2,634m. 

Drilling focused on contiguous magnetic units associated with elevated gold in soils. The company says the local geological strike is apparent in the airborne magnetics and local gossans trends north-northwesterly, where drilling was performed perpendicular to the geological strike. 

Aurum says the drilled holes had azimuths of 225 degrees and a dip of -60 degrees. 

Sample composites of 4m intervals, subject to lithological boundaries, will now be assayed for gold, and 1m weathered basement intersections may be tested for base metals. 

A total of 731 composite samples have been delivered to Intertek laboratories for assaying. 

Aurum Resources is a mineral exploration and development company with a collection of gold and base metal-focused projects in Western Australia. 

As of 30 June 2023, the company had $2.186 million cash at hand, according to its latest quarterly report. On 26 September 2023, the company conducted a placement to raise $715,000.

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Images: Aurum Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.