Aurum Resources

Aurum Secures Licence Renewal for Advanced High-Grade Nyangboue Gold Deposit

Aurum Resources Limited (ASX:AUE) (Aurum or the Company) is pleased to announce the renewal of its Boundiali South (BST) exploration licence1 (earning 100% interest), which hosts the advanced high-grade Nyangboue gold deposit. The BST tenement is one of four tenements making up Aurum's Boundiali Gold Project in Côte d'Ivoire, West Africa.


Highlights

  • Boundiali South (BST) exploration licence renewed; Ministerial approval for exploration drilling at the high-grade Nyangboue deposit (partially located in a classified forest area) expected in coming weeks
  • Boundiali South has returned previous impressive exploration results2 including:
    • 20m @ 10.45g/t gold from 38m (BRC0004S BIS)
    • 30m @ 8.30g/t gold from 39m (NDC007)
    • 28m @ 4.04g/t gold from 3m and 6m @ 3.29g/t gold from 47m (BRC003)
    • 9m @ 7.90g/t gold from 99m (BRC006)
  • Two new diamond drill rigs arriving on site this week, increasing Aurum’s fleet to six; drilling rate to reach ~10,000m per month with assays pending (targeting 45,000m for CY2024)
  • New centralised exploration camp progressing on schedule, expected to be operational by end-October 2024, improving efficiency and reducing costs
  • Initial Mineral Resource Estimate for Boundiali on track for late CY2024
  • Aurum is well-funded (~$20M) for continued aggressive exploration.

Aurum’s Managing Director Dr. Caigen Wang said: “We are pleased to announce that the renewal of the advanced BST exploration licence has been approved by Côte d’Ivoire’s Ministre des Mines, Petrole et Energie.

This advanced tenement hosts the high-grade Nyangboue deposit (20m @ 10.45g/t Au from 38m: BRC0004S BIS) and we are just waiting on sign-off from the Minister for Forest and Water to begin step back diamond drilling to test for depth extensions of these high-grade shoots.

We extend our great thanks to Côte d’Ivoire government’s support in exploring and developing gold resources in this highly promising gold tenement.

With six rigs on site, we'll be drilling ~10,000m per month. We're well-funded to continue our aggressive exploration program, with ~$20 million cash at bank, to accelerate drilling and build on the encouraging results to date and targeting inaugural JORC resources by late 2024.”

Boundiali South (BST) renewal

The BST exploration licence hosts Nyangboue, the most advanced exploration gold play within the broader Boundiali gold project. The exploration licence for BST was renewed by Côte d’Ivoire’s Ministre des Mines, Petrole et Energie on 19 August 2024, covering a substantial area of 167.36km2.

Approvals Progressing for Nyangboue Drilling

Following the permit renewal, approvals for exploration drilling at the high-grade Nyangboue prospect are advancing. Final Ministerial sign-off is anticipated within weeks. Drilling is expected to commence shortly after receiving the necessary approvals for operations within a classified forest, which covers less than half of the exploration licence.

Figure 1 Nyangboue exploration drilling - plan view (BST tenement)

Multiple Gold Targets Defined3 within BST

Extensive surface geochemical sampling (more than 5,700 soil samples) returned high-grade gold-in- soil values up to 9,964 Au ppb, and delineated three compelling gold anomalies:

  • Nyangboue: +6km strike
  • Nyangboue South: +2km strike
  • Gbemou: +1.5km strike.

Gold mineralisation is observed to be associated with quartz veins, often containing visible gold. The Nyangboue gold deposit sits at the interface of two distinct lithologies.

Extensive Drilling Database

The project boasts a comprehensive historical drilling database, encompassing:

  • Aircore: 545 holes, 21,056.00m
  • RC diamond tail: 10 holes, 1,658.12m
  • Diamond drill: 8 holes, 1,771.33m
  • RC drilling: 247 holes, 17,975.00m.

High-Grade Potential Confirmed

Screen fire assay re-assay of high-grade samples by previous explorers yielded a Boundiali Gold Project sample high of 192.5 g/t Au from hole BRC004BIS, underscoring the project's significant potential.

Historic Drill Results at Nyangboue4

Previous drilling at Nyangboue delivered encouraging results, including:

  • 20m @ 10.45g/t Au from 38m (BRC0004S BIS)
  • 30m @ 8.30g/t Au from 39m (NDC007)
  • 28m @ 4.04g/t Au from 3m and 6m @ 3.29g/t Au from 47m (BRC003)
  • 9m @ 7.90g/t Au from 99m (BRC006)
  • 27m @ 2.42g/t Au from 27m (BRC175)
  • 20m @ 1.29g/t Au from 211m (NDC016)
  • 2m @ 13.57g/t Au from 130m (NDC017)
  • 17m @ 1.09g/t Au from 189m; 20m @ 1.29g/t Au from 211m and 12m @ 2.14g/t Au from 244m EOH (NDC016).


Click here for the full ASX Release

This article includes content from Aurum Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AUE:AU
Aurum Resources

Aurum Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Aurum Resources (ASX:AUE)

Aurum Resources


Keep reading...Show less

Game-changing gold exploration at prolific Côte d’Ivoire, West Africa.

Hits 4m at 54.64 g/t Au outside 1.59Moz Boundiali MRE area

Hits 4m at 54.64 g/t Au outside 1.59Moz Boundiali MRE area

Aurum Resources (AUE:AU) has announced Hits 4m at 54.64 g/t Au outside 1.59Moz Boundiali MRE area

Download the PDF here.

12m at 22.02g/t from 145m outside 1.59Moz Boundiali MRE area

12m at 22.02g/t from 145m outside 1.59Moz Boundiali MRE area

Aurum Resources (AUE:AU) has announced 12m at 22.02g/t from 145m outside 1.59Moz Boundiali MRE area

Download the PDF here.

Editor's Picks: Gold Hits New High, Silver Squeeze 2.0 Next Week?

Editor's Picks: Gold Hits New High, Silver Squeeze 2.0 Next Week?

The gold price continued moving higher this week, reaching yet another record.

After trading as low as US$3,006 per ounce on Monday (March 24), the yellow metal took off midway through the week, closing at US$3,085 on Friday (March 28).

So what factors are moving gold right now?

Keep reading...Show less

VIDEO - CEO Clips - Yukon Metals: Advancing High-Grade Gold, Silver and Copper Exploration

Yukon Metals (CSE: YMC) (OTCQB: YMMCF Advancing high-grade gold, silver and copper exploration in the Yukon, Yukon Metals is building on a rich history of prospecting expertise to unlock significant high-grade mineral potential.. With excellent infrastructure access and a commitment to aggressive drilling, the company is focused on advancing its portfolio in one of Canada's most prospective mining jurisdictions.

www.b-tv.com/post/ceo-clips-yukon-metals-advancing-high-grade-copper-precious-metals-exploration-btv-60

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Danielle DiMartino Booth: US Economy at Precipice — Key Data to Watch Now

Danielle DiMartino Booth: US Economy at Precipice — Key Data to Watch Now

Danielle DiMartino Booth, CEO and chief strategist at QI Research, shares her US economic outlook, saying layoffs and bankruptcies are putting the Federal Reserve in a "tight position."

She sees the central bank potentially cutting rates four to five times in 2025.

Keep reading...Show less
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold Shining, Risk Assets Under Pressure — What's Next?

Gold has seen rapid price gains in 2025 — is its move past US$3,000 per ounce sustainable?

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, said although the metal's ascent has been quick, it's underpinned by strong fundamentals.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less

YUKON METALS ANNOUNCES UPSIZE IN PRIVATE PLACEMENT TO C$10M

/Not for distribution to United States newswire services or for dissemination in the United States . Not an offer of securities for sale in the United States /

 Yukon Metals Corp. (CSE: YMC) (FSE: E770) (OTC: YMMCF) (" Yukon Metals " or the " Company ") is pleased to announce that in connection with its previously announced "best efforts" private placement, the Company and Cormark Securities Inc. together with Canaccord Genuity Corp. (the " Co-Agents "), have agreed to increase the size of the previously announced private placement for aggregate gross proceeds of up to approximately C$10 million (the "Offering" ).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Aurum Resources

Aurum Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×