Aurum Resources Limited Expands Boundiali Gold Project with 66m @ 1.07 g/t Gold, $35.6M Funding, and 100,000m Drilling Campaign to Unlock 2.5Moz Resource Potential

Tuesday, June 17, 2025
at
9:31 am
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Aurum Resources Limited reports encouraging drilling results at its Boundiali Gold Project in Côte d'Ivoire. Wide, shallow gold intercepts boost resource estimates, while robust exploration and strong funding signal significant growth potential and increased shareholder value in a promising West African mining environment.

Aurum Resources Limited has released a detailed update on its exploration progress at its flagship Boundiali Gold Project in Côte d'Ivoire. The company’s extensive drilling campaign, which is set to total 100,000 meters in calendar year 2025, has returned a series of shallow, wide intercepts that have the potential to upgrade inferred resources into higher confidence categories. One highlight from the campaign is an intercept measuring 66 meters at an average grade of 1.07 grams per tonne of gold, with sub-intervals reaching up to 1.46 g/t. Other drill holes have similarly recorded encouraging figures across multiple prospects and deposits, underpinning new targets that remain open along strike and at depth. Technical details within the announcement underscore that results were achieved through diamond drilling using several modern rigs, with drill intervals calculated at a 0.1 g/t gold cut-off and adjustments made for poor ground conditions in select intervals. The reported intercepts and detailed assay tables illustrate consistent performance and quality control, backed by robust QAQC procedures that adhere to international standards. The updated Mineral Resource Estimate for Boundiali, which currently stands at approximately 1.6 million ounces of gold, is expected to be enhanced further with results from ongoing drilling and scout surveys. In parallel, work is progressing on a 30,000-meter drilling program at the recently acquired Napié Gold Project, where the current estimate of roughly 0.87 million ounces of gold may be expanded. With both projects combining for nearly 2.5 million ounces of gold resources, Aurum Resources Limited is well positioned for significant resource growth. The company’s strong financial position—demonstrated by a recent strategic private placement raising $35.6 million—ensures that these aggressive and cost-effective exploration efforts can continue without major funding concerns. The news presents an optimistic outlook for the company and its stakeholders. A bullish perspective may highlight the promising drill results, strategic ambition to upgrade and expand resource estimates, and the solid financial backing, all of which suggest that the value of the company’s projects could increase significantly if further drilling confirms the initial findings. On the other hand, a bearish view might emphasize the inherent risks associated with early-stage exploration, including the challenges of converting inferred resources to higher-quality estimates and the uncertainties in mineralization continuity and economic viability. Overall, while exploration risks remain, the technical progress and strategic initiatives signal substantial upside potential in a region known for its gold-rich deposits.

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