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The latest announcement is out from OzAurum Resources Ltd. ( (AU:OZM) ).
OzAurum Resources has reported a second batch of reverse circulation grade control drilling results from the Paleochannel Project at its Mulgabbie North Gold Project, confirming high-grade, near-surface gold mineralisation. The latest 84-hole, 3,024-metre program demonstrates continuity of shallow gold along an interpreted paleochannel trend exceeding 4 kilometres.
These results support the ongoing feasibility study and are expected to enhance mine planning and early development scheduling for the planned Mulgabbie heap leach plant. With mineralisation remaining open and sitting within the existing 260,000-ounce mineral resource, the drilling indicates potential to extend mine life, grow the resource base and improve projected plant throughput, strengthening OzAurum’s development pipeline and scalability.
More about OzAurum Resources Ltd.
OzAurum Resources Ltd is an Australian gold exploration and development company focused on the Eastern Goldfields of Western Australia. Its key asset is the Mulgabbie North Gold Project, where it is progressing feasibility work and planning for a proposed heap leach processing plant to develop its existing mineral resource base.
Average Trading Volume: 753,607
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$27.47M
See more data about OZM stock on TipRanks’ Stock Analysis page.