OzAurum Resources Ltd (ASX: OZM) has confirmed significant high-grade gold mineralisation at the New Cross Fault within the Mulgabbie North Gold Project. Recent 1m aircore (AC) drill results returned exceptional intercepts, including 16m @ 3.21 g/t Au (from 6m), with 4m @ 10.22 g/t Au, and 9m @ 6.76 g/t Au EOH, including 4m @ 13.54 g/t Au. These results validate the cross fault’s potential, extending mineralisation along the Relief Shear corridor.
The discovery strengthens Mulgabbie North’s prospectivity, located 1.3km south of previous drilling. With a 32-hole AC program completed and assays pending, OzAurum is preparing for targeted RC drilling. The identification of a new north-south fault further enhances exploration potential. CEO Andrew Pumphrey emphasized the project’s potential to host a significant gold deposit, reinforcing the company’s commitment to aggressive exploration in 2025 and beyond.
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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.
