Aurum Resources Limited Launches 30,000m Diamond Drilling at Napié, Fueling Expansion of 0.87Moz Gold Resource & 2.5Moz Growth Backed by $35.6M Funding
Friday, June 27, 2025
at
8:47 am
Aurum Resources Limited has kicked off a 30,000m diamond drilling program at its Napié Gold Project in Côte d'Ivoire to boost gold resource estimates. With promising high-grade results already recorded, an updated resource figure is expected by year-end, potentially driving significant value for shareholders.
Aurum Resources Limited announced the start of a robust 30,000‐meter diamond drilling program at its Napié Gold Project in Côte d'Ivoire, aiming to expand its current resource base of 0.87 million ounces of gold. The program, which already deploys two company-owned diamond rigs with plans to increase to four, is designed not only to grow the existing mineral resource estimate but also to test several undrilled targets that have already shown high-grade potential. Previous drilling at Napié has produced encouraging results, including intercepts such as 41 meters at 4.51 g/t gold and shorter, high-grade intersections up to 22.73 g/t, underscoring the project's promise in a zone where only about 13% of the 30-kilometer Napié shear has been systematically drilled. Notably, 93% of the current resource is found within 150 meters of the surface, highlighting the shallow, accessible nature of the ore.
In parallel, work continues at the Boundiali Gold Project where eight diamond drill rigs are committed to an aggressive 100,000-meter drilling campaign during calendar year 2025. This drilling is intended to not only upgrade the current 1.59 million ounce resource estimate through two planned Mineral Resource Estimate updates, but also to identify new prospects for future growth. Preparations for a pre-feasibility study, expected by the end of 2025, are underway with associated environmental and site selection studies in progress. The firm’s recent successful private placement of $35.6 million reinforces its capacity to sustain these large-scale exploration initiatives.
The announcement carries a mixed sentiment outlook for market participants. On the bullish side, the strategic focus on rapid and cost-effective diamond drilling, coupled with promising assay results from both projects, is expected to drive substantial resource expansion and future share value. The high-grade intercepts and the large remaining undrilled target area add credibility to the potential for significant upside, especially given the shallow nature of the mineralization that eases extraction. Furthermore, the well-funded nature of the company positions it strongly for continued exploration success.
Conversely, the inherent risks of exploration persist, as forward-looking statements remind investors that drilling results and subsequent resource estimates may vary. The ambitious drilling programs, while innovative, also expose the company to operational and regulatory uncertainties typical in early-stage mining projects. For beginner traders, while the technical indicators present a compelling growth narrative, caution is advised given the volatility and potential delays that are part and parcel of mineral exploration.