OzAurum Resources Ltd (ASX:OZM) has defined several new and exciting targets at both the Mulgabbie North and Patricia Gold Projects for further exploration, following a successful year of drilling in 2021.
The company has 15,000 metres of drilling planned for the next six months, set to kick off in February.
The planned drilling program will include 3,000 metres of diamond drilling, 7,500 metres of reverse circulation (RC) drilling and 5000 metres of aircore drilling.
Favourable geology at Mulgabbie North
The Mulgabbie North Gold Project, situated on the Keith Kilkenny fault zone with favourable host rocks, looks to be an exciting gold discovery story in the vein of the Northern Star Carosue Dam Gold Mine.
Mulgabbie North Projects and Prospects
The company’s large-scale drilling program, including the current aircore gold drill results, have clearly defined significant zones of gold mineralisation along and adjacent to the Relief Shear within the Keith Kilkenny fault zone.
“Successful drilling last year, which led to the discovery of a new widespread zone of gold mineralisation within the Mulgabbie North project, extending over 4.2 km, provides us with even greater confidence in the large-scale potential of the project,” CEO Andrew Pumphrey said.
“We are excited by the potential of this area where the host rocks are intermediate-felsic volcaniclastic units – very similar to the Northern Star Carosue Dam Karari and Whirling Dervish gold mines.”
Diamond drilling at Mulgabbie North aims to improve understanding gold mineralisation controls, as well as targeting cross fault positions – a key aspect of high-grade gold mineralisation in the area – while aircore drilling will test 2 kilometres of strike to the south of Mulgabbie North along the Relief Shear.
Ben prospect
RC drilling aims to test new high-grade supergene gold targets between the Alicia and Ben Prospects, coinciding with the magnetic destruction zone.
The company hopes to probe the area immediately along strike to the south of the Ben prospect, where several aircore holes have intersected significant supergene gold mineralisation, including MNOAC 536 which intersected 17m @ 0.80 g/t Au (from 56m) including 4m @ 1.68 g/t Au and 1m @ 1.52 g/t Au from 72m.
“Extensive supergene gold mineralisation situated within the magnetic destruction zone on the very steep gravity gradient makes for exciting new targets to be tested with future RC and diamond drilling.
“This area is under transported cover that has prevented previous effective exploration and now represents a significant exploration opportunity for us.”
Concurrent with all this work is the ongoing interpretation of the recently completed detailed drone magnetic and close spaced gravity surveys.
Patricia Gold Project
OzAurum’s recent RC drilling at the Patricia Gold Project includes PTORC 024 (5m @ 37.11 g/t Au), PTORC 022 (5m @ 11.74 g/t Au) and extensions at depth.
Initial observations and the early interpretation of RC drill results at the Patricia Gold Project indicate that it is a structurally complex project, potentially with late-stage faulting offsetting lithologies and potential gold mineralisation.
The company aims to understand this complexity with further RC and diamond drilling planned to target high-grade gold.