Aurumin Ltd (ASX:AUN)’s Brad Valiukas talks up the company’s recent acquisition with Proactive. The acquisition of Tenement E57/1140 lies within the Youanmi Terrane Greenstone Sequence and expands the company’s footprint in the Sandstone region, which is nearby to its 784,000-ounce gold Central Sandstone Project. More than 1 million ounces of gold have been produced regionally at Sandstone, so this is a highly strategic acquisition of tenements in which only first pass exploration work has been done. The Aurumin managing director explains why this new acquisition is a good addition to the company’s portfolio and how it provides additional exploration opportunities as the company focuses on generating critical mass for future production. The company is also drilling at the Two Mile Hill underground resource and is awaiting a number of assays.
Aurumin acquisition expands Sandstone footprint
