OzAurum Advances Mulgabbie North with Strong Gold Results and Development Progress
OzAurum Resources Limited (ASX: OZM) has completed the final phase of its reverse circulation grade-control drilling program at the Mulgabbie North Paleochannel Project in Western Australia. The latest results reinforced the continuity of shallow, high-grade gold mineralisation across the deposit, supporting the company’s low-cost open-pit and heap-leach development strategy. The final batch comprised 71 drill holes covering 2,556 metres, completing a broader 15,646-metre feasibility drilling campaign. Notable intersections included 7 metres at 8.12 g/t gold, including 1 metre at 49.70 g/t gold, along with several other high-grade intercepts encountered at shallow depths. The company stated that all drilling data will be incorporated into mine planning and feasibility studies. Mineralisation remains open along an interpreted paleochannel trend exceeding 4 kilometres, providing potential for future resource growth beyond the existing 260,000-ounce resource. Meanwhile, civil works for the heap-leach pad and processing infrastructure have commenced, marking another step toward project development and potential production.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
OzAurum Advances Mulgabbie North with Strong Gold Results and Development Progress
OzAurum Resources Limited (ASX: OZM) has completed the final phase of its reverse circulation grade-control drilling program at the Mulgabbie North Paleochannel Project in Western Australia. The latest results reinforced the continuity of shallow, high-grade gold mineralisation across the deposit, supporting the company’s low-cost open-pit and heap-leach development strategy. The final batch comprised 71 drill holes covering 2,556 metres, completing a broader 15,646-metre feasibility drilling campaign. Notable intersections included 7 metres at 8.12 g/t gold, including 1 metre at 49.70 g/t gold, along with several other high-grade intercepts encountered at shallow depths. The company stated that all drilling data will be incorporated into mine planning and feasibility studies. Mineralisation remains open along an interpreted paleochannel trend exceeding 4 kilometres, providing potential for future resource growth beyond the existing 260,000-ounce resource. Meanwhile, civil works for the heap-leach pad and processing infrastructure have commenced, marking another step toward project development and potential production.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au