OzAurum Resources Ltd (ASX:OZM) director Martin Holland has resigned from his post to pursue other opportunities in the new year.
Announcing his departure, OzAurum thanked Holland for his commitment to the company, as well as his contribution to 2021’s initial public offering.
Managing director and CEO Andrew Pumphrey said Holland’s “invaluable” contribution and directorship had been instrumental to the company’s growth and success.
“He is leaving OzAurum in a strong position as we embark on the next exciting phase of the business, particularly as we seek to announce a resource at Mulgabbie North in quarter one this year,” Pumphrey explained.
“We look forward to Martin’s continued support as a substantial shareholder of the company and wish him the best with his future business career.”
About OzAurum
OzAurum is on the lookout for a major gold discovery that’s ripe for production.
The explorer is currently focused on two advanced gold projects around 130 kilometres northeast of Kalgoorlie, at the epicentre of a major gold corridor weighing in at more than 30 million ounces.
The apple of its eye is the wholly-owned Mulgabbie North project, which covers 10 kilometres of greenstone belt geology in one of the richest and most prolific gold-producing belts in Australia.
It’s next to Northern Star Resources’ famed Carosue Dam Mine and the adjoining 3.5-million-ounce Karari and Whirling Dervish gold mines.
Here, gold mineralisation is open at depth and along strike, and OzAurum believes that Mulgabbie North has all the hallmarks for what could be a significant gold discovery.
Not far from Mulgabbie North is the Patricia Project, which lies on a granted mining lease and has seen limited previous exploration.
OzAurum owns 100% of the Patricia gold play, which historically produced 5,384 ounces of gold at a whopping 41 g/t between 1930 and 1937.