Aurum Resources has again hit paydirt in its expanded drilling campaign at the company's Boundiali project in Côte d'Ivoire with a 1m hit coming in at 35.86g/t, more than an ounce to the tonne gold. The company continues to furiously expand its already identified 2.5km of gold mineralisation which is still open along strike and at depth. Another 17m intersection in the latest campaign landed 1.6 g/t gold from 230m and included a 4m section grading 2.02 g/t gold.
Shares in Mako Gold rose by 68 per cent on Wednesday afternoon to 1.6 cents, following news the Queensland junior had filed documents for a proposed merger with Aurum Resources.
A 14-hole step-back diamond drilling program has rewarded Aurum Resources with a gold hit of 40m at 1.03 grams per tonne from 136m at its Boundiali project in Côte d'Ivoire as it moves to develop a large-scale mine. The headline hit also features a 5m slice at 1.7g/t gold, with other results including 11m at 2.15g/t from 169m and 10m at 2.02g/t.
West Perth-based junior Aurum Resources has announced it will raise $20 million in order to accelerate exploration activities at its Boundiali gold project in Côte d'Ivoire.
Shares in Aurum Resources jumped more than 30 per cent this morning after it recorded a whopping 73m intercept going 2.15g/t gold from 172m at its Boundiali project in the West African nation of Côte d'Ivoire. The impressive drill hit contained several high-grade sections, with highlights showing a 4m segment grading 18.63g/t gold from 185m including 1m at a staggering 72.11g/t from 188m.
Zhaojin Capital is continuing in its bid to take over Tietto Minerals, with the China-based company re-extending its offer period for the third time since January 4.
Aurum Resources has appointed Yaya Ouattara as its new exploration manager in Côte d'Ivoire, as the company's planned exploration activities begin to intensify.
Gold miner Aurum Resources has raised $7 million in a bid to accelerate exploration activities at its recently-acquired Boundiali gold project in Côte D'Ivoire.
For the second time in the space of a month, Zhaojin Capital has re-extended its offer period for all fully paid ordinary shares in West Perth-based Tietto Minerals, in a bid to take over the company.
Goldminer Tietto Minerals announced on Monday it had produced 35,553 ounces of gold for the December 2023 quarter, up from 33,753oz during its September quarter, amid a takeover bid by Zhaojin Capital.
Aurum Resources has appointed experienced African gold miner Caigen Wang as its new managing director as the company works-up the shallow, wide gold-bearing orebody at its Boundiali project in Côte d'Ivoire. Wang is no stranger to maturing African gold discoveries, taking Tietto Minerals from a market cap of about $30 million to nearly $700 million at its Abujar gold mine, also in Côte D'Ivoire.
Assays from the first eight diamond drill holes at Aurum Resources' Boundiali gold project in Côte d'Ivoire, West Africa suggest wide, shallow gold mineralisation with more assays on the horizon. The best results were 16m at 1.24 grams per tonne from 117m including a 6m thick section grading 2.44g/t from 127m, 7.39m at 1.94g/t from 139.34m including 5.35m at 2.53g/t from 141.37m.
Zhaojin Capital has again extended the offer period for all fully paid ordinary shares in West Perth-based Tietto Minerals, as its takeover plans of the company continue.
Aurum Resources has completed its acquisition of PlusOr Global and now officially owns ground in Africa's Côte d'Ivoire, where historic drill hits have run as high as 1m at a massive 30.8g/t gold from 42m. The company says diamond drilling at the project is underway and 29 holes have been completed across three targets for 4592m of core, with assays due back next month.
Chinese goldminer Zhaojin Mining has expressed its “disappointment” in its takeover target Tietto Minerals' recommendation that shareholders vote against its bid.
The buyer circling Tietto Minerals has slammed its takeover target for downgrading its production guidance and not providing further cost details for its flagship project in West Africa.
Twigger's Tales (Aka Argonaut's deputy chair Liam Twigger) talks about the academic thrashing given to the methodologies used by the institution that many have used to make multi-million-dollar investments in far flung mining jurisdictions. He poses the question – who should we believe when assessing “in-country” jurisdictional risk when investing?
Aurum Resources is set to take its gold search to a new continent after signing a binding agreement to acquire PlusOr Global, which holds the rights to earn into the Boundiali gold project in Côte d'Ivoire. The project on the southern coast of West Africa covers two contiguous granted exploration permits within Côte d'Ivoire's prospective Boundiali greenstone belt.
Our board moves wrap includes Jim Walker, Luke Mader, Nicholas Holthouse, Jon Hronsky, Christopher Achurch, Matthew Edmondson, Matthew Wilcox, Mark Strizek, Mike Stabb, Dan Smith, and Geoff Rogers.
Our board moves wrap includes Alwyn Vorster, Tommy McKeith, Frazer Tabeart, Colin Moorhead, Alex Passmore, Robert Ryan, Luis da Silva, Ian Farmer, Gemma Lee, Stephen Strubel, and Shaddrack Adjetey Sowah.
A subsidiary of Shanghai Stock Exchange-listed Chifeng Gold has bought $49.3 million worth of shares in aspiring West African gold producer Tietto Minerals.
Our weekly appointments wrap includes Colin Murphy, Michael Schaper, Steven Dobson, Ting Xu, Chris Hood, Julie Quinlivan, Peter Coleman and Fiona Marshall Staines.
Perth-based Tietto Minerals has received commitments to the tune of $130 million for its Abujar gold project in Côte d'Ivoire ahead of first gold planned later this year.
With inflation rising across the globe and western economies imposing sanctions on Russia in response to its invasion of Ukraine, Goldman Sachs, of the world's largest investment banks, has hiked the prices of its commodities forecasts, citing supply disruptions that it says could drive the price of gold towards US$2,500 per ounce this year.
Tietto Minerals has secured the remaining funds needed to develop its Abujar gold project in Cote d'Ivoire, while Wiluna Mining is advancing an expansion of its operations in WA.
Perth-based Tietto Minerals is seeking up to $62.5 million from a placement and share purchase plan to progress its Abujar gold project in Cote d'Ivoire.
Tietto Minerals has continued its impressive run of success in Cote d'Ivoire, Africa with ongoing drilling returning high-grade gold intercepts from the depth extensions of the 2.15 million-ounce AG gold resource.
Our board moves wrap includes Leigh Warnick, Marc Ducler, John Jones, Peter Stern, David Varcoe, Graeme Smith, Andrew Barclay, Matt Hardisty, Matthew Banks, Alexander Hewlett, Zane Lewis, Simon Jenkins, Brad Underwood, Mathew Whyte, and Mark Strizek.
African-focused gold explorer Tietto Minerals announced it would raise $17 million through a share placement, primarily to fund drilling at the company's Abujar project in Côte D'Ivoire.
