Aurumin (ASX:AUN) has entered into a binding Heads of Agreement (HoA) to acquire the ‘highly prospective’ Birrigrin Mining Centre (tenement M57/352) from Westar Resources (ASX:WSR), increasing Aurumin’s Sandstone Gold operations footprint.
M57/352 contains the historical ‘high-grade’ Birrigrin Mining Centre and is located within the Gum Creek Greenstone sequence, about 70km north of Aurumin’s Central Sandstone Project.
The company reports the tenement has 39 mapped shafts dating to the early 1900s with recorded production grades up to 196g/t Au. These are largely untested at depth by drilling. Further data collation of other previous activity is ongoing.
Aurumin notes that little modern exploration has occurred on the tenement with existing surface geochemistry thought to be largely ineffective to date. A 2020 aeromagnetic survey and recent mapping have provided new insight into the geology of the area and multiple untested targets exist. Additionally, recent prospecting on the tenement has successfully unearthed numerous gold nuggets requiring follow-up work.
In addition, Aurumin has applied for exploration tenement E57/1273 that borders the Birrigrin Mining Centre to the east, west and south.
Aurumin is an ASX-listed mineral exploration company focused on two project areas in Western Australia. The Sandstone Gold Operations were cornerstone by the acquisition of the Central Sandstone Project by the company in early 2022.
The Central Sandstone Project comprises an 881,300-ounce gold mineral resource and significant project infrastructure that the Company aims to use to support a gold mining operation in the future. The company’s Johnson Range Project has a Mineral Resource of 64,700 ounces at a grade of 2.51g/t Au, located midway between Southern Cross and Sandstone.
Images: Aurumin Ltd & iStock
