Aurumin Ltd (ASX:AUN) has fielded a whopping 242.7-metre gold intersection grading 1.20 g/t from 203.1 metres downhole in drilling at the Two Mile Hill deposit, part of its 100%-owned Central Sandstone Gold Project, an outcome the company said moves it closer to combining Two Mile Hill and Shillington as one geological complex.
The recently-completed diamond and reverse circulation (RC) drilling was designed to test the northern portion of the Two Mile Hill inferred resource at depth to better define the previously-reported mineral resource estimate (MRE) of 14.2 million tonnes at 1.1 g/t gold for 500,000 ounces.
Hole SN_TM_RD_22_0001 was drilled using an RC pre-collar to 91 metres depth, and from there, drilling was by diamond core to end of hole at 609.3 metres.
Highlights within the larger interval include:
- 8.3 metres at 4.82 g/t gold from 214.2 metres;
- 4.3 metres at 4.03 g/t from 244.5 metres;
- 7.8 metres at 2.33 g/t from 337.4 metres; and
- 47.3 metres at 2.06 g/t from 362 metres including 2.9 metres at 9.27 g/t from 393 metres and 5.1 metres at 7.83 g/t from 400.7 metres.
Oblique section showing SN_TM_RD_22_0001 at Two Mile Hill.
Single geological complex
Aurumin managing director Brad Valiukas said: “This is another good result and, along with the previously-released diamond results, continues to add to the picture at Two Mile Hill.
“Along with the recently-completed RC drilling at Shillington, this sets us up to now model the Shillington and Two Mile Hill deposits as a single geological complex, with known grade in the banded iron formation, mafic and tonalite.
“We are commencing an updated resource model and look forward to releasing the model results and plans for the next round of drilling.”
About Aurumin
Aurumin has four gold projects including two historical high-grade production centres, Mt Dimer and Mt Palmer.
The Mt Dimer Project is a historical mining centre that has produced in excess of 125,000 ounces of gold including 600,000 tonnes mined from six open pits and one underground mine at 6.4 g/t gold.
Aurumin is actively exploring its tenements and is also seeking potential acquisitions that will complement its existing focus areas.