Aurumin Ltd (ASX:AUN) has wrapped up reverse circulation (RC) drilling and is about to set the diamond drill turning at the Central Sandstone Gold Project in WA.
The company’s first drill program at the project is progressing well, with nine RC holes for 1,245 metres at the Shillington BIF deposit and five RC pre-collars for the Two Mile Hill tonalite now completed.
Aim is to improve existing underground resource
The diamond drilling phase of the program is targeting the Two Mile Hill tonalite between 250 metres and 500 metres below the surface with the aim of improving upon the existing 500,000-ounce gold underground resource, as announced earlier this month.
Aurumin expects the diamond phase of the program to run for roughly two weeks, with further logging and sampling after that.
Aurumin managing director Brad Valiukas said: "We are pleased to have diamond drilling underway at our Central Sandstone Project.
“We see the Two Mile Hill underground resource as a key part of the project going forward, with the scale to potentially underpin future production, and we look forward to the results.”
About Aurumin
Aurumin is a mineral exploration company focused on two project areas in Western Australia. The Sandstone Gold Operations were consolidated by the acquisition of the Central Sandstone Project in early 2022.
The Central Sandstone Project consists of a 784,000-ounce gold mineral resource and significant project infrastructure that Aurumin hopes to use to support a gold mining operation in the future.
The company's Johnson Range Project has a mineral resource of 64,700 ounces at a grade of 2.51g/t gold, situated midway between Southern Cross and Sandstone.
Along with the Sandstone Gold Operations, Aurumin has a significant landholding at its Southern Cross Operations, including two historical high-grade production centres, Mt Dimer and Mt Palmer.
The Mt Dimer Project produced over 125,000 ounces of gold from open pit and underground production of approximately 600,000 tonnes @ 6.4 g/t, and has a substantial tenure footprint, while the historical Mt Palmer Project produced gold via open pit and underground methods, generating around 158,000 ounces at an average grade of 15.9 g/t.
The company is actively exploring its tenements and pursuing further acquisitions that complement its existing focus.