Aurum Resources Finds More Gold in Côte d’Ivoire

Aurum Resources has found more gold in Côte d’Ivoire at their Boundiali project. The new tests show that the gold area is bigger and deeper than they first thought. This could mean there is more gold there than they have counted so far.
By Newsroom | Mining, Côte d’Ivoire |

Aurum Resources has reported substantial gold findings at its Boundiali project in Côte d’Ivoire, with new drilling results indicating expanded strike and depth potential. These discoveries, described as "bonanza grade," suggest the Boundiali system may hold more gold than previously estimated, potentially impacting the company's future resource calculations and development plans. The company's managing director, Dr. Caigen Wang, stated that these results confirm the Boundiali system remains underexplored, pointing to a gold endowment well above the current Mineral Resources.

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Project Overview and Recent Activity

Aurum Resources holds a significant gold portfolio in Côte d’Ivoire, with a global resource base totaling 3.28 million ounces across its projects. The company is actively engaged in a substantial drilling program.

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  • Boundiali Project: Located in the Birimian greenstone belt in northern Côte d’Ivoire, this project is situated near areas of activity for major mining companies like Barrick and Endeavour Mining. Recent drilling has focused on extending known gold mineralization.

  • Napié Project: Located approximately 90 kilometers southeast of Boundiali, this project is also undergoing exploration with a 30,000-meter program underway.

Key Drilling Results and Mineralization

The reported drilling results highlight several high-grade gold intercepts at the Boundiali project, particularly at the BDT2, BST1, and BD Target 3 areas.

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  • BST1 Target: One hole returned 9 meters grading 8.15 grams per tonne (g/t) of gold from 207 meters deep, including a 2-meter section exceeding one ounce per tonne. Another significant intercept at BST1 was 9 meters at 8 g/t gold from 223 meters, with a 1-meter core assaying 70.37 g/t gold.

  • BDT2 Deposit: Intercepts include 10.5 meters at 2.39 g/t gold from 43.5 meters, and 0.9 meters at 22.03 g/t gold from 126 meters. Previous results from BDT2 also showed 74 meters grading 1 g/t gold.

  • BD Target 3: A notable discovery yielded 1 meter of gold at 152.35 g/t from 96 meters deep. This intercept confirmed high-grade shoots within the BDT3 system.

  • BD Tenement: This target sits southwest of the company’s core BD tenement and outside its current resource estimate. Drilling here has returned bonanza-grade sections within a broader intercept, including 2 meters at 35.59 g/t gold and 7 meters at 27.5 g/t gold from 145 meters downhole.

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The gold at Boundiali is found within sedimentary packages characterized by pyrite, quartz veining, and alteration.

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Strategic Implications and Future Outlook

These findings are expected to inform upcoming mineral resource updates for both the Boundiali and Napié projects. Aurum Resources has a fully funded 100,000-meter diamond drilling campaign designed to expand the existing mineral resource at Boundiali, which currently stands at 1.59 million ounces. The company aims to delineate new ounces outside the current resource boundaries, especially at the BD Target 3 prospect, which remains open along strike and at depth.

With a combined resource of 2.5 million ounces across Boundiali and Napié, and given current gold market conditions, Aurum Resources is positioning itself to potentially develop a significant gold project in West Africa.

Attributed Statements

"These new results continue to demonstrate the Boundiali system remains underexplored, demonstrating a scale of gold endowment well above our current Mineral Resources."— Dr. Caigen Wang, Managing Director, Aurum Resources

"The new results reported from drilling at BST1 have confirmed depth and strike extensions."— Dr. Caigen Wang, Managing Director, Aurum Resources

"The results underscored the scale of the potential of Aurum’s portfolio in Côte d’Ivoire."— Dr. Caigen Wang, Managing Director, Aurum Resources

"The bonanza hit of 1m at 152.35g/t gold from 96m at Boundiali confirms the system at BDT3 hosts high-grade shoots, with this intercept being drilled up-dip from 1.43m at 234.35g/t gold from 107m.”— Dr. Caigen Wang, Managing Director, Aurum Resources

Sources

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Frequently Asked Questions

Q: What did Aurum Resources find?
They found more gold in Côte d’Ivoire. The tests show the gold area is bigger and deeper than expected.
Q: Where did they find the gold?
They found it at their Boundiali project in northern Côte d’Ivoire.
Q: Is this a lot of gold?
The company thinks there might be more gold than they have counted so far. Some tests showed very rich gold spots.
Q: What will happen next?
Aurum Resources will do more tests to find out how much gold is there and if they can start a mine.