OzAurum Resources Uncovers Promising Gold Zones at Mulgabbie North in ASX 200 Mining Landscape

May 07, 2025 03:03 PM AEST | By Team Kalkine Media

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OzAurum Resources Uncovers Promising Gold Zones at Mulgabbie North in ASX 200 Mining Landscape — Image source: Shutterstock

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Highlights

High-grade gold confirmed at Mulgabbie North

New Cross Fault discovery spans 400 metres

Upcoming drilling aims to unlock further potential

OzAurum Resources (ASX:OZM) has unveiled compelling exploration results from its latest RC drilling campaign at the Cross Fault discovery within the Mulgabbie North Gold Project in Western Australia. This promising development further positions the company in the competitive landscape of ASX 200 resource players and adds new momentum to its exploration portfolio.

The recent drilling has highlighted a substantial 400-metre strike length of high-grade gold mineralisation, establishing Cross Fault as a major new zone of interest. Notable intersections include 10 metres at 1.80 grams per tonne (g/t) of gold and 1 metre at 3.91 g/t of gold. These results extend well into fresh rock, confirming mineralisation well beyond prior air core drilling limits. The Golden Goose RC hole, returning 10 metres at 0.90 g/t of gold, provides further validation of the mineral potential in the area.

Drilling has also uncovered broad sulphide zones, suggesting a strong gold endowment across the system. These findings reinforce the strategic significance of the Mulgabbie North Project, which currently boasts a 260,000-ounce gold inventory.

Looking ahead, OzAurum (ASX:OZM) is preparing for a comprehensive follow-up program. This includes both infill and extensional RC drilling, as well as a 2,500-metre air core (AC) drilling initiative to the south. The additional drilling will target newly mapped fault structures and quartz feldspar porphyry zones. These geological features could be key to understanding the broader gold system and potentially expanding the resource base.

With gold continuing to draw investor attention, particularly among those exploring ASX dividend stocks, developments like this serve as reminders of the opportunities within junior explorers on the ASX. While OzAurum isn’t part of the ASX200 yet, strategic results such as these contribute to the company's growing profile.

These ongoing discoveries, combined with strong geological indicators and targeted drilling plans, point toward a potentially larger and more productive gold system than initially anticipated. As the exploration continues to evolve, attention will likely remain on the progress at Mulgabbie North and how it fits into the broader context of Australian gold exploration.

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