Aurumin Ltd (ASX:AUN) has revealed plans to drill nine regional open pit gold targets at the company’s Sandstone Project 520 kilometres northeast of Perth in Western Australia in an attempt to grow the 946,000-ounce resource.
The company’s first pass exploration drilling will comprise 44 holes across 5,000 metres, following up on geochemical and structural targeting at Sandstone.
With all permits granted, site preparation is underway and drilling is expected to begin in the first half of next month.
Aim to turn targets into deposits
Aurumin managing director Brad Valiukas said: “The previously completed auger program successfully demonstrated the prospectivity of the tenement package that we have at Sandstone, by identifying multiple new targets, while exploring just a couple of kilometres from existing infrastructure.
“This drilling program announced today is a direct follow on from that work, as we now seek to turn those targets into new deposits.
“We continue with a clear focus on generating the critical mass for future production, and on the mining leases is a great place to add ounces.
“With the completion of the capital raise, we now look forward to being back on the ground drilling, with other on-ground work to continue in parallel,” Valiukas said.
Targets at Sandstone with current drill targets in red.
Targets
Drilling will focus on the Two Mile West, Shillington Lower BIF, Hatton, Ridge North, Ridge West, Mt Klempt North, Mt Klempt South, Nugget Patch 1 and Nugget Patch Intrusive targets, which are all targets on mining leases, within three kilometres of the processing plant footprint.
The drill program will focus on multiple depositional models and styles including, porphyry/intrusive hosted vein style, banded iron hosted and structural shear-style hosted mineralisation in mafic and ultramafic units.
Furthermore, the first-pass drilling assessment of targets is to be followed up rapidly with indications of success.