OzAurum Limited (ASX: OZM) introduces the first-ever combined Mineral Resource Estimate (MRE) for the Mulgabbie North Gold Project. The estimate, based on 79,689 meters of Aircore (AC), Reverse Circulation (RC), and Diamond drilling (DD), reveals a Measured, Indicated, and Inferred MRE of 11.6 million tonnes at an average grade of 0.70 g/t Au, equating to 260,000 ounces, with a 0.3 g/t Au cut-off. Significantly, 64% of the MRE comprises measured and indicated ounces, providing a strong base for the Mulgabbie North heap leach scoping study.
The shallow MRE, with a maximum depth of 150 meters below the surface, permits potentially economical open pit strip ratios. With proximity to established infrastructure like Carosue Dam mill and Tropicana access road, Mulgabbie North has high gold potential along strike and depth, with expansion opportunities through extensional drilling. Diamond and RC drilling will explore AC targets and north-south faults, while Mulgabbie North Relief Shear shows substantial gold potential near Carosue Dam mill.
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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.
