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Posted By OrePulse
Published: 30 Dec, 2024 08:26

Aurum Resources releases maiden MRE

By: Mining.com.au
Drilling is ongoing and Aurum has identified other prospects at Boundiali which have yet to be drilled. 

The Boundiali Gold Project is in the north of Côte d’Ivoire, and the tenements are located directly to the east of the town of Boundiali. 

The project is connected to major regional towns by good quality tarred roads and is about 100km west of Korhogo, which is the major city in the northern part of Côte d’Ivoire. Korhogo is 635km north of Abidjan, the economic capital of Côte d’Ivoire, and is serviced by daily flights from Abidjan.

It takes about 90 minutes to reach the project area by car from the Korhogo airport. The area is serviced by solid infrastructure, including 225kV power lines which cross the tenements. The company says the local roads, which would require upgrading to support mining operations, are accessible year-round and suitable to support ongoing exploration teams and associated equipment.

Managing Director Caigen Wang says the MRE for its Boundiali gold project is just 12 months after acquiring the permits and establishing joint venture partnerships. 

“Since October 2023, our team has completed an extensive 63,927m diamond drilling program. This aggressive exploration campaign has rapidly defined a significant gold resource of 50.9Mt @ 1g/t gold for 1.6 million ounces,” Wang says. 

“We anticipate further resource growth in 2025 through continued exploration focused on expanding existing deposits and testing new targets within the Boundiali project area. The project is emerging as a potential hub-and-spoke operation, with multiple deposits feeding a central processing facility. Preliminary metallurgical testing indicates excellent gold recoveries exceeding 95% using conventional gravity and CIL (carbon-in-leach) processing methods.

“With a strong balance sheet and the support of our shareholders, Aurum is committed to an ambitious but achievable 100,000m drilling program in 2025 to drive resource expansion and underpin a Prefeasibility Study (PFS) expected by year-end.”

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