The broader Boundiali gold corridor at the BD tenement spans some 13km by 3km, yet only a fraction has been systematically drilled, leaving significant room for resource expansion.
The astonishing scale of the drilling program is due to Aurum’s shrewd move to buy six diamond drill rigs when it acquired Boundiali.
The company has continued to leverage its fleet of eight self-owned diamond drill rigs, ensuring low-cost, high-efficiency exploration that appears to be delivering high-grade ounces in spades.
In addition to Boundiali’s aggressive drilling, Aurum has officially commenced a pre-feasibility study for the project, due to be finished by the end of this year. The pre-feasibility study will lay the groundwork for Aurum to build potential development and production scenarios alongside simultaneous resource growth as it progresses resource extension and explorative drilling.
Aurum is also turning its attention to the recently acquired Napié gold project – previously owned by Mako Gold – where it plans to run an additional 30,000m drilling blitz to grow the current 870,000-ounce resource at the project’s Tchaga and Gogbala deposits.
The company enters the year with a tasty $23 million in cash reserves to fully fund its ambitious drilling and development plans at a fraction of the costs a similar diamond drilling campaign would cost it, if it were whirring away in Australia’s booming goldfields.
With a combined 2.5m-ounces mineral resource across Boundiali and Napié, rapidly advancing drilling programs and gold prices continuing to push all-time highs every week, Aurum is well on its way to proving up one of West Africa’s next major gold development projects.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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