17 Holes Target High-Grade Gold at OzAurum’s Mulgabbie North Discovery
OzAurum Resources has kicked off a 17-hole Reverse Circulation drilling program targeting high-grade gold at its Mulgabbie North Cross Fault discovery, aiming to build on promising earlier results and recent geological insights.
- 17-hole, 1,600m Reverse Circulation drilling program underway
- Focus on expanding high-grade gold mineralisation at Cross Fault zone
- Previous drilling revealed significant gold intersections up to 22.58 g/t
- Recent diamond drilling refined geological understanding of mineralisation
- Assay results pending amid busy local laboratory conditions
OzAurum Advances Mulgabbie North Exploration
OzAurum Resources Ltd (ASX – OZM) has commenced a targeted Reverse Circulation (RC) drilling campaign at its Mulgabbie North Gold Project in Western Australia. The 17-hole, 1,600-metre program focuses on the Cross Fault Gold Discovery, a zone that has already delivered encouraging high-grade gold intersections in previous drilling rounds.
The company’s Managing Director and CEO, Andrew Pumphrey, highlighted that learnings from recent diamond drilling have been integrated into this latest RC program. The goal is to systematically test and expand the known gold mineralisation both at depth and along strike, potentially increasing the resource base.
Building on Strong Historical Results
Earlier RC drilling at Cross Fault returned notable intercepts including 48 metres at 1.66 grams per tonne (g/t) gold from surface, with a high-grade segment of 9 metres at 5.79 g/t. Other significant hits include 12 metres at 4.26 g/t gold, featuring a 2-metre interval grading 22.58 g/t. These results underscore the prospectivity of the area and provide clear targets for the current drilling campaign.
Geologically, the recent diamond drilling revealed that mineralisation occurs in two distinct styles – a sheeted vein system on the western side and breccia-dominated mineralisation on the eastern contact. Both are associated with fault structures that appear to control higher-grade gold zones. This nuanced understanding is guiding the ongoing exploration efforts.
Strategic Geological Context and Regional Potential
The Mulgabbie North project lies within a complex geological setting dominated by intermediate volcanoclastic rocks, including conglomerates and sandstones. These host rocks are known to be favourable for gold mineralisation in the Eastern Goldfields region, with nearby Carosue Dam mines operated by Northern Star Limited providing a successful analogue.
OzAurum is also conducting fieldwork along the Relief Shear and adjacent prospects such as Golden Goose, aiming to identify structural controls like north-south striking faults that are often linked to gold deposits in the region. The company is collaborating with structural geology expert Dr Brett Davis to refine its geological models.
Looking Ahead – Assays and Market Implications
While assay results from the current drilling are awaited, laboratory turnaround times are currently extended due to high demand amid a gold market upswing. This delay adds a layer of anticipation for investors eager to see how the new data might impact the Mulgabbie North resource, which currently stands at approximately 260,000 ounces of gold across measured, indicated, and inferred categories.
OzAurum’s methodical approach to exploration and its focus on high-grade zones could position the company well to enhance the value of its flagship project. The market will be watching closely as assay results and further geological interpretations emerge.
Bottom Line?
As OzAurum drills deeper into Mulgabbie North’s potential, the next assay results will be pivotal in defining its gold resource trajectory.
Questions in the middle?
- Will the new drilling confirm and extend the high-grade gold zones at Cross Fault?
- How might updated geological models influence future exploration and development plans?
- What timeline can investors expect for assay results given current laboratory backlogs?
