AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights:
OzAurum Resources reports significant gold intersections at Mulgabbie North.
Cross Fault discovery extends gold mineralization across a notable strike length.
Further drilling efforts are underway to explore mineralization in fresh rock.
Mining Stock OzAurum Resources (ASX:OZM), operating within the gold exploration sector, has reported encouraging drilling results at the Mulgabbie North project. The latest developments highlight the identification of a structure known as the Cross Fault, which is now confirmed to be mineralized. The drilling results align with previous indications of gold presence, reinforcing the significance of this discovery. The project currently contains a defined resource, with recent drilling aimed at expanding its mineralized footprint.
Cross Fault Confirmation and Gold Intersections
The drilling campaign yielded notable results, with an intersection measuring dozens of meters containing over a gram per tonne of gold from surface level. Within this intersection, specific segments exhibited higher concentrations of gold, reinforcing the presence of substantial mineralization. The Cross Fault discovery now extends across hundreds of meters, with multiple drill holes confirming consistent mineralized zones. Additional intersections include multiple meters of gold-bearing rock at varying depths, further supporting the geological significance of this structure.
Geological Alignment with Regional Deposits
Situated south of the existing Mulgabbie North resource, the Cross Fault exhibits characteristics similar to established gold deposits in the region. The structure aligns with known geological formations, sharing traits with nearby operations. Historical exploration identified mineralization in this area decades ago, but limited follow-up work was conducted. Current exploration activities aim to build on these past findings and further delineate gold mineralization within this underexplored region.
Drilling Efforts and Next Steps
Additional drilling programs have been initiated to assess deeper mineralization within fresh rock. The presence of sulphides and variations in lithology contribute to the geological model, supporting ongoing drilling strategies. Seven new drill holes have been completed, with results expected soon. A diamond drilling program is also scheduled to commence, targeting high-priority zones identified through previous drilling efforts. The upcoming work will provide further insights into the extent and characteristics of the mineralized system.
Commitment to Exploration and Resource Expansion
OzAurum Resources continues to focus on evaluating and expanding the Mulgabbie North project. The latest drilling results indicate the presence of extensive gold mineralization, reinforcing the significance of continued exploration. The company remains engaged in drilling campaigns designed to further define the resource and improve the geological understanding of the region.
