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Aurum Resources is building its bank balance ahead of a beefed-up exploration blitz across its Boundiali gold project in Côte d'Ivoire, with a maiden JORC resource expected before the year's end. Management has received firm commitments from a $17 million two-tranche placement and is also offering eligible shareholders a shot at a $3 million share purchase plan in a bid to pocket about $20 million.

Aurum Resources has recorded its highest-grade gold hit to date from diamond drilling at its Boundiali project in the West African nation of Côte d'Ivoire, with 1m going 163 grams per tonne from 277m. The impressive section was contained within a wider 12.22m intercept grading 14.56g/t gold from 275m that was recorded 60m down-dip from a previous 4m segment at 22.35g/t from 226m.

Aurum Resources' diamond drilling efforts at the company's Boundiali gold project in West Africa's northern Côte d'Ivoire have continued to deliver big gold hits – this time 74m grading 1g/t from 167m. The latest set of assays included a 1m high-grade chunk going 24.73g/t as Aurum chases shallow mineralisation at depth with three diamond rigs to support a maiden mineral resource estimate for later this year.

Aurum Resources has added extra punch to its Boundiali gold project in northern Côte d'Ivoire, adding more ground to the north of the West African operation that last week recorded a glittering hit of 90m at 1.16g/t gold. The company can earn up to 70 per cent in the adjacent ground after signing an agreement with local Ivorian company Geb & Nut Resources.

Aurum Resources has revealed a glimmering suite of wide gold hits from a recent diamond drilling campaign at its Boundiali project in West Africa's Côte d'Ivoire – peaking at 90m going 1.16g/t from 143m. The new assay collection also includes 59m at 1.42g/t gold from 68m with 13m at 3.92g/t and 23m at 1.36g/t from 293m featuring a 5m chunk going a solid 3.32g/t.

Aurum Resources has reassembled part of the management team that helped establish Tietto Minerals' Abujar gold mine in West Africa to drive the development of its new Boundiali operation in Côte d'Ivoire. The company has named Yao N'Kanza as country manager, reuniting him with former Tietto workmates Caigen Wang and Yaya Ouattara in a bid to expedite Aurum's project and business development initiatives.

Aurum Resources has scored high-grade gold hits charging as high as 45 grams per tonne from scout drilling at just the second target to be tested at its Boundiali project in West Africa's Côte d'Ivoire. Diamond drilling designed to test a 1.7km-by-1km gold prospect revealed solid initial results, with a 6m section going 9.95g/t gold from 165m including 2m at 28.9g/t from 169m.

Aurum Resources has expanded the golden footprint at its Boundiali gold project in the West African country of Côte D'Ivoire after snapping up an adjoining tenement that features an advanced exploration permit area. The 167.34sq km Boundiali South ground, now formerly owned by Turaco Gold, has previously thrown up solid gold hits including 20m at 10.45g/t from 38m.

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.

Aurum Resources has uncovered high-grade gold in a diamond drilling program at its Boundiali project in in Côte d'Ivoire, with assays showing a headline 4m interval grading an eye-catching 22.35g/t from 226m. But the standout intersection was not sitting solo, with other results including 5m at 4.73g/t from 53.5m including 1.1m grading a healthy 20.35g/t and 16.64m at 1.45g/t from 56.26m including 10.4m going 2.11g/t.

Aurum Resources has bolstered its African diamond drilling fleet with a new, more powerful rig to help the company unlock a maiden gold resource estimate for its Boundiali gold project in Côte d'Ivoire this year. The three-rig drilling fleet will deliver an impressive 30,000m of core as the company takes aim at deep gold mineralisation beneath and adjacent to artisanal mines at the project.

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.

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 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.