Mineral explorer Aurumin (ASX:AUN) has completed an EIS-funded drilling program at its wholly owned Mt Palmer Project in Western Australia.
The drilling program was targeting lithium-bearing pegmatites, with 4 diamond holes for a total of 994m drilled. The company targeted drillholes on ‘geochemical multi-element anomalism’ with lithium results up to 146 parts per million (ppm) and tantalum results up to 391ppm.
Aurumin says drill core logging is underway and samples are currently being prepared for assay.
Commenting on the program completed, Aurumin Managing Director Brad Valiukas says: “Mt Palmer is prospective for lithium mineralisation and has been unfinished business for the company since we announced results from orientation drilling in June last year.
“Mt Palmer … has been unfinished business for the company since we announced results from orientation drilling in June last year”
We are pleased to have completed drilling and look forward to updating the market with the results.”
The historical Mt Palmer Project produced gold via open-pit and underground methods, generating about 158,000 ounces of gold at an average grade of 15.9g/t Au.
Aurumin is an ASX-listed company focused on its 2 core project areas in Western Australia. These include the Sandstone Gold Operation, which hosts 3 projects, and the Southern Cross Gold Operation, which includes 2 projects.
As of 31 March 2023, the company had $1.757 million cash and cash equivalents at hand, according to its latest quarterly report published on 21 April 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Aurumin Ltd
