Aurumin Ltd. (AU:AUN) has released an update.
Aurumin Ltd.’s Mt Palmer Gold Mine, operated by Kula Gold, has unveiled promising results from its shallow RC drilling program, revealing a new gold lode near the surface with an impressive assay of 6.66g/t gold. The discovery, located 500 meters south of the main workings, shows potential for an extensive gold-bearing zone that remains open and could lead to significant resource estimates. The company is optimistic about the proximity to existing gold plants and plans to further capitalize on this by continuing with a diamond drilling program to explore deeper levels left unmined since 1944.
For further insights into AU:AUN stock, check out TipRanks’ Stock Analysis page.