Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from OzAurum Resources Ltd. ( (AU:OZM) ) is now available.
OzAurum Resources has reported strong high-grade, near-surface gold results from the first 3,010 metres of reverse circulation grade control drilling at the Paleochannel Project within its Mulgabbie North Gold Project in Western Australia. The company says this initial batch of 84 holes confirms the continuity and width of mineralisation and is part of a planned 18,000-metre program.
The latest results, which include multiple shallow intercepts grading above 4 grams per tonne, support previous bonanza-grade hits and indicate that mineralisation remains open along a more than 4-kilometre paleochannel trend. Management believes these outcomes point to clear upside for adding high-grade ounces to the existing resource, potentially improving future development scenarios due to the shallow depth and favourable geometry of the orebody.
More about OzAurum Resources Ltd.
OzAurum Resources Ltd is an Australian gold exploration and development company focused on its Mulgabbie North Gold Project in the Eastern Goldfields of Western Australia. The company is advancing near-surface paleochannel gold mineralisation with the aim of expanding its existing mineral resource of about 260,000 ounces and enhancing project development potential.
Average Trading Volume: 1,355,892
Technical Sentiment Signal: Buy
Current Market Cap: A$28.61M
See more insights into OZM stock on TipRanks’ Stock Analysis page.