Aurum Resources managing director Dr Caigen Wang said: “This great result confirms extensions to high-grade shoots at Tchaga, where mineralisation remains open along strike and at depth. Aurum’s use of its own drill rigs, with our fleet of 10 rigs, provides for cost-effective and accelerated exploration, underpinning our objective of significant resource growth at Napié and Boundiali in 2025 and beyond, ultimately contributing to a pre-feasibility study for Boundiali expected by year-end.”
Napié currently has an 870,000-ounce resource from two deposits. Some 545,000 ounces of gold sits within Tchaga, grading at 1.16g/t gold. The remaining 323,000 ounces are hosted at Aurum’s 1.29g/t Gogbala deposit, 6.5km south of Napié.
Aurum scooped up Napié earlier this year after the company acquired Mako Gold’s projects about 100km east of its flagship 2.4-million-ounce Boundiali project, which is also in Côte d’Ivoire.
The company has a combined 3.28 million ounces across its projects.
Located in the same greenstone belt as major operations such as Resolute Mining’s 11.5-million-ounce Syama mine, Montage Gold’s 5.5-million-ounce Koné project and Barrick’s 5-million-ounce Tongon mine, Aurum’s Boundiali is showing promising signs of consistency and scale.
The company’s remaining eight rigs are flat-strapped at Boundiali, targeting a massive 100km of drilling for 2025. Management says a second resource upgrade is expected at the flagship project by the end of the year, tacking onto an already impressive 50 per cent upgrade to 2.4-million-ounces of resources last month.
Powered by a solid $35 million plus in cash and unaudited Montage shares, Aurum is well-funded to execute its ambitious 130,000m drilling program in 2025.
The company’s 10-rig fleet ensures efficient, cost-effective exploration, building on a proven track record in West Africa’s gold-rich terrain. The early high-grade hits at Napié, coupled with ongoing success at Boundiali, signal exciting one-two punches of bulk added ounces in one of the world’s most prospective gold regions.
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