Aurum Resources Limited (ASX: AUE) has achieved an 80% project interest in the BM Joint Venture (JV) at its Boundiali Gold Project in Cote d'Ivoire after completing over 24,000 meters of diamond core drilling. This milestone satisfies Aurum's commitment to invest over US$2.5 million in exploration within 36 months. Drilling efforts have delivered promising results, including high-grade intercepts such as 17.31m @ 5.90 g/t Au and 14m @ 3.10 g/t Au at key targets.
Aurum has established a JV entity, Plusmin Gold Sarl, to facilitate the license transfer and ongoing exploration activities. With six in-house diamond rigs capable of drilling 10,000m monthly, the company aims to drill over 50,000m in 2024 and achieve an initial JORC resource by year-end. Backed by strong funding of over AU$19M as of September 2024, Aurum plans to expand its exploration to 100,000m in 2025, unlocking the project's potential and advancing its growth strategy.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
