OzAurum Resources (ASX:OZM) reports its latest reverse circulation (RC) drilling program has delivered ‘exceptional’ gold results at the Mulgabbie North Project’s Demag Zone in Western Australia.
The 10-hole RC program drilled for 2,100m and shows that the Mulgabbie North Relief Shear continues to demonstrate potential to host ‘significant’ gold mineralisation directly adjacent to the Northern Star (ASX:NST) Carosue Dam mill.
OzAurum received significant results for the second diamond hole, MNODH003, recently completed at the new virgin gold discovery Demag Zone.
The results include:
- RC holes that intersected significant gold mineralisation include:
- 57m @ 1.05 g/t gold (Au) – (from 119m) incl. 21m @ 1.31 g/t Au, 10m @ 1.72 g/t Au (MNORC 192)
- 20m @ 2.55 g/t Au – (from 251m) incl 10m @ 3.62 g/t Au (MNORC 184)
- 43m @ 0.82 g/t Au – (from 56m) incl 15m @ 1.32 g/t Au (MNORC 191)
- 1m @ 19.60 g/t Au – (from 43m) (MNORC 186)
- 15m @ 2.08 g/t Au – (from 51m) incl 9 m @ 3.29 g/t Au, 1m @ 18.60 g/t Au (MNORC 186)
- 43m @ 0.82 g/t Au – (from 62m) incl 15m @ 1.32 g/t Au (MNORC 191)
Discussing the drill program, OzAurum Managing Director Andrew Pumphrey said: “The RC holes and second diamond hole drilled at the new virgin gold discovery Demag Zone have continued to intersect significant gold mineralisation, further validating the potential of Mulgabbie to be a significant gold discovery.”
“(Holes drilled) at the new virgin gold discovery Demag Zone have continued to intersect significant gold mineralisation”
OzAurum reports that the virgin gold discovery Demag Zone, which is situated between the Alicia and Ben Prospects, is an ‘exciting’ development.
The 100%-owned Mulgabbie North Gold Project covers 10km of greenstone belt geology in one of the richest and most prolific gold-producing belts in Australia.
Only limited historical drilling has been undertaken within the three recently drilled 100m spaced RC drill lines at the Demag Zone, being 10 shallow wide-spaced vertical rotary air blast (RAB) holes drilled by Gutnick Resources in 1999.
Gold mineralisation is associated with significant wide downhole intervals of sericite-carbonate alteration with pyrite and arsenopyrite mineralisation which has been intersected in both RC and diamond drilling at the Demag Zone.
Further, recent RC and diamond drilling has confirmed the host conglomerate unit having a true thickness of about 120m.
Images: OzAurum Resources Ltd
