Aurumin is betting on striking gold at its Central Sandstone gold project in Western Australia, with results from its latest reverse-circulation (RC) drilling program to be revealed early in the new year.
The company has been chasing a spate of bonanza hits from its Plum Pudding prospect, including a stunning 1m intercept going 344 grams per tonne (g/t) - or just over 11 troy ounces - that were pulled up earlier this year.
The hit was part of a longer intercept of 18m going 25.8 g/t gold from 30m.
The Central Sandstone project area lies 520km northeast of Perth and contains an estimated mineral resource of 881,000 ounces of gold.
It is part of Aurumin’s greater Sandstone operations that include its Birrigrin and Johnson Range projects, bringing the company’s total gold inventory to just under the “magic million” at 946,000 ounces.
The company plunged an additional 1476m into the Plum Pudding and Shillington deposits in its latest drilling campaign, which was designed to extend the known mineralised gold envelope and follow up results from its first pass reconnaissance RC drilling program completed in May this year.
Other notable results from that program include 2m at 3.84 g/t gold from 33m and 10m running 45.17 g/t gold from 38m. The 10m run includes 4m at 110.72g/t gold from 43m and 2m at 215.2g/t from 43m, with 1m going a stunning 344g/t from 43m.
Gold mineralisation at Plum Pudding sits in a sub-vertical zone of stockwork quartz veining within a corridor of sheared ultramafic rocks.
At Shillington, the drill bit tested a previously untested banded iron formation-hosted structural target.
The Plum Pudding and Shillington deposits stretch across three mining leases, while the Central Sandstone project has a mothballed 500,000 tonnes per annum carbon-in-leach processing plant that needs some TLC.
Gold is often traded as 22-carat bullion coins, available in various weights up to one troy ounce. Aurumin’s impressive haul of 1m at 344g/t equates to 11 bullion coins in just one tonne of Plum Pudding.
Since the 19th century, it’s been a Christmas tradition to hide coins in the pudding to symbolise luck and fortune for the finder. With results due out soon after Christmas, Aurumin will be hoping its latest slice of pudding hides a similar fortune.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
