OzAurum Resources Ltd. has reported strong shallow high-grade results at the James Stage 1 open pit within its Mulgabbie North gold project in Western Australia.
The results further de-risk the company’s proposed near-term open pit development strategy, confirming grade continuity, minimising dilution risk and demonstrating clear upside beyond the current pit design.
The second batch of drilling results from 46 reverse circulation (RC) holes for 1,364 metres forms part of a completed 91 holes or 2,490 metres program at the James Stage 1 pit.
These results show consistent high-grade mineralisation from shallow depths within the planned mining envelope.
The drilling confirms high-grade core zones within broader mineralised envelopes. This allows OzAurum to minimise ore loss and dilution during mining operations.
OzAurum CEO Andrew Pumphrey said: “These grade control results materially strengthen confidence in the James Stage 1 open pit, confirming consistent shallow high-grade gold mineralisation within the planned mining area.
“Importantly, the continuation of high-grade mineralisation below the current pit design highlights clear upside beyond Stage 1.
“This drilling significantly de-risks our near-term development strategy and positions OzAurum well as we progress toward potential production.”
Multiple intercepts below the current pit shell highlight strong potential for Stage 2 pit expansion.
Standout gold intercepts include 7 metres at 6.16 grams per tonne (g/t) of gold from 18 metres, including 2 metres at 20.54 g/t of gold from 19 metres at MNORC 356.
The Mulgabbie North gold mineralisation is located on the Relief Shear, a gold mineralisation corridor up 50 metres in true width that extends approximately 8 kilometres within OzAurum’s tenure. High-grade gold mineralisation occurs at the intersection of faults and the Relief Shear.
