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#ASX Announcements
stale
Added 2 years ago

AUN is up 43% this morning, after announcing results on the Diamond Drilling programme at the Central Sandstone Gold Project. RC drilling occurred as a pre-collar to a depth of 109.5m and the diamond drilling tail extended the hole to a down-hole depth of 582.5m. 313m of the tonalite intrusive was logged with numerous occurrences of visible gold found. A mineralised hanging wall zone of basalt and tonalite was also drilled after the main tonalite body.

From the start of tonalite through to the end of the mineralised hanging wall zone, SN_TM_RD_22_0002 returned a total intersection of 344m @ 1.29g/t Au. Highlights within the larger interval include:

40.9m @ 2.0g/t Au from 243.5m;

21.8m @ 2.0g/t Au from 363.9m;

16.1m @ 2.9g/t Au from 409.9m;

19.3m @ 2.0g/t Au from 528.7m;

and 22.2m @ 2.5g/t Au from 555.0m


Aurumin's Managing Director, Brad Valiukas, commented:

“We are very happy with how Sandstone is progressing. We have been expanding our tenement footprint, looking for new deposits and advancing the 500koz Au Two Mile Hill underground deposit with deep holes.

“This is a great result from our first hole at Two Mile. We look forward to further results, with the 4 th diamond drill hole and programme now completed.

“We continue to see the Two Mile Hill underground deposit as a key part of the project going forward, with the scale to potentially underpin future production.

#ASX Announcements
stale
Added 2 years ago

Aurumin  has entered into a binding Heads of Agreement (HoA) to acquire tenement E57/1140 from Mining Equities Pty Ltd, increasing Aurumin’s footprint at its 100% owned Central Sandstone Gold Project.

Tenement E57/1140 is within the Youanmi Terrane Greenstone Sequence which has proven exploration and production success; with greater than 1Moz Au having been produced regionally at Sandstone. The tenement has seen relatively little exploration work and remains under explored.

Current known drilling is wide spaced and considered to be predominantly first pass regional exploration work. Aurumin is in the process of compiling and validating data for the project area, including data sourced from open file reports and from the historical Troy Resources Database inherited as part of the Central Sandstone Project acquisition.

Key terms of the acquisition are:

  • 500,000 AUN shares ($75,000 at 15c)
  • 1% Net Smelter Return royaly


Aurumin's Managing Director, Brad Valiukas, commented:

"We are pleased to be expanding our footprint in the Sandstone region with this granted tenement, nearby to our existing 784koz Au Central Sandstone Project.

The tenement is a good addition and provides additional exploration opportunity, as we focus on generating critical mass for future production. The closest point of the tenement is just 4km from the existing processing plant location.

“Diamond drilling is progressing well at the Two Mile Hill underground resource that we continue to view as a key part of the project going forward, with the scale to potentially underpin future production.“

#ASX Announcements
stale
Added 2 years ago

MT PALMER LITHIUM EXPLORATION UPDATE AND RESULTS 

AUN is down 16.67% today after announcing results from the orientation reverse circulation (RC) programme targeting lithium bearing pegmatites at Mt Palmer.

The orientation first pass RC programme drilled twelve holes along three north-south lines. Lithium results for the twelve holes drilled at the Vickers Find South prospect have been received with low level (>100ppm Li) lithium anomalism, up to 370ppm Li, returned across multiple holes.

These results were returned from a complex geological setting consisting of a combination of pegmatites, pegmatitic leucogranite and leucogranite within a mafic-ultramafic sequence crosscut by late-stage dolerite dykes. Initial multielement analysis was completed using a desktop XRF on selected samples. The XRF results returned anomalous pathfinder elements commonly used for targeting lithium mineralisation, including tantalum, (up to 105ppm Ta), rubidium (up to 3,612ppm Rb) and niobium (up to 79ppm Nb).

Aurumin's Managing Director, Brad Valiukas, commented:

"For a first pass, we are encouraged to have intersected multiple pegmatite units with an indication of fertility for lithium. The pegmatites are fractionated, and we are developing the vectors to hone in further. We have other promising target areas untested with drilling pending as well as targets at depth.

"Environmental works to allow further PoWs (drill permits) are now completed and we expect to be back active on the ground at Mt Palmer in the next couple of months."

#ASX Announcements
stale
Added 2 years ago

Aurumin has announced that drilling targeting lithium bearing pegmatites at its 100% owned Mt Palmer Project has been completed and all Ultrafine soil sample results have now been returned.

The drilling programme completed twelve RC holes for 1,212m. Pegmatites, ranging from 1 to 40 metres in drill thickness (typically ~20m) were logged in eleven of the twelve holes drilled. The lithium content is as yet unknown, and all samples are currently at the laboratory pending analysis.

Laboratory results for Aurumin’s Ultrafine soil survey have been returned with anomalous zones broadly aligning with areas previously identified from XRF Lithium Index results.

Aurumin's Managing Director, Brad Valiukas, commented: "We continue to be encouraged by the progress of our lithium exploration at Mt Palmer.

"The full soil sample results support our lithium targeting, and indicators remain positive at Mt Palmer and analogous to other projects in the region.

“The orientation drill programme is complete, with pegmatites confirmed in 11 of the 12 holes. The fresh pegmatite samples have been sent for assaying and we look forward to the results.”

#ASX Announcements
stale
Added 2 years ago

Drilling targeting lithium bearing pegmatites at its 100% owned Mt Palmer Project is planned to commence next week.

Aurumin's Ultrafine soil sampling programme at Vickers Find South has been completed, with the grid infilled to a spacing of 100m x 200m, and all samples submitted to the laboratory for analysis. A preliminary XRF assessment of these samples using Portable Spectral Services' proprietary Lithium Index Calibration has highlighted promising targets at the Vickers Find South prospect. Some of these targets are coincident with historically drilled pegmatites, interpreted to be flat lying, and that were only sampled for gold.

Aurumin now plans to drill test the targets where pegmatites have previously been identified. The initial Programme of Works has been approved with the drilling contractor scheduled to commence work the week commencing 25th April for a 1,000m to 1,500m orientation programme. A further Programme of Work is in the process of being submitted for a planned second phase of drilling to target additional areas of surface anomalism identified from the soil sampling programme.

Managing Director, Brad Valiukas, commented:

"We are eagerly awaiting the full soil sample results from the assay lab, but there are lot of positive indicators both at Mt Palmer and in comparison to other projects in the region.

This first programme will drill through the pegmatite package and help define the geology, using the XRF results and historical logs as an initial guide."

#ASX Announcements
stale
Added 2 years ago

AUN is up 27.78% this morning to 23 cents after announcing the broad spaced (100m by 400m) Ultrafine soil sampling programme has been completed in an area nearly 5km x 5km in the southern portion of our Mt Palmer tenements with around 350 samples collected.

Preliminary assessment of these samples using a desktop XRF Bruker CTX instrument has been completed by Portable Spectral Services and the results include their in-house developed and proprietary Lithium Index Calibration. The Lithium Index acts as a proxy for lithium concentrations as pXRF instruments are unable to directly detect lithium. The Lithium Index uses detectable elements which correlate to Lithium-Cesium-Tantalum (LCT) pegmatites, i.e., Ga, Rb, Nb, Cs, and Ta, along with additional elements used to evaluate the fertility of granites. 

The Lithium Index has identified multiple targets, some of which are coincident with historically logged pegmatite in drilling with intercepts up to 50m downhole and where outcropping pegmatite has been observed from field work. 

Managing Director, Brad Valiukas, commented:

"Pegmatites are well known around the Mt Palmer area, and they cut-off some of the gold lodes at the historical Mt Palmer mine. As exploration work for 2022 has a more regional focus we have been considering other commodities.

"The recent identification of flatter lying pegmatites in the south of our tenements, analogous to those of Mt Holland, is a result of continuing to build our dataset from pre-digital records and shows the value of this work.

"We are pleased to add this extra dimension to Mt Palmer for 2022 and the programme is prospective for both gold and lithium. Our phase 1 soil samples and associated rock chip samples are currently at the laboratory for full multi element analysis. An infill (phase 2) soil sampling programme, is currently in progress and we plan to undertake a reconnaissance drilling programme as soon as practicable after receiving approvals.


#ASX Announcements
stale
Added 3 years ago

Aurumin has smashed it out of the park this morning with their best drill results to date.

AUN's Lightning Deposit is a high-grade unmined deposit at Mt Dimer. Mineralisation consists of multiple narrow high-grade quartz bearing ore shoots plunging steeply to the north, within a northerly trending structure primarily hosted by granite. The best drilling result here returned 4.0m @ 48.69g/t Au from 104m which included 1m @ 153.50g/t.

Future drilling will aim to continue extending the Lightning deposit into the ultramafic.

The results from the T12 deposit will inform the revised interpretation of the orientation of the structure and future drilling will aim to identify additional mineralisation down dip and along strike and confirm T12 as a new deposit.

Shareholders are lucky to have such a great Managing Director, Brad Valiukas, who commented:

"This is a tremendous intercept at the historically high-grade Mt Dimer production centre. These latest results both extend known mineralisation and progress T12 towards being declared a new deposit, further supporting our view of Mt Dimer having potential for multiple high-grade open pits. "We are continuing to improve our understanding of the Project, and these results support our revised interpretation of lithology, fluid pathways and prospective areas. Drilling is planned to recommence at Mt Dimer next month as we look to follow up these high-grade intercepts and increase the value of the Project."

AUN is currently trading at 23.5 cents (up 42.42%) with a high today of 27.5 cents. This is a fantastic result and with a tiny market cap, AUN has plenty of room to run.

#ASX Announcements
stale
Added 3 years ago

STRUCTURES INTERSECTED AT MT DIMER

FIRST RESULTS FROM TESTING 2020 SAM SURVEY TARGETS.

Aurumin Limited (ASX: AUN) (“Aurumin” or “the Company”) is pleased to announce that further assays have been received from recent Reverse Circulation (RC) Drilling at its 100% owned Mt Dimer Project, located 120km north-east of Southern Cross in Western Australia. Mt Dimer is a historical highgrade production centre, having produced over 125,000 ounces of gold, including open pit and underground production of 600,000 tonnes @ 6.4 g/t.

The completed RC drilling programme identified multiple zones of quartz at approximate targeted positions. Recently returned assays have confirmed gold mineralisation on multiple new structures.

Highlights include:

MDRC2114 4.0m @ 3.60g/t Au from 95m
incl 1.0m @ 9.73g/t Au from 95m
LTRC2113 3.0m @ 2.71g/t Au from 61m
incl 1.0m @ 6.21g/t Au from 62m
LTRC2129 1.0m @ 4.33g/t Au from 78m

Assays are still in progress for a further three drill lines testing SAM survey targets and drilling at the Golden Slipper deposit.

Managing Director, Brad Valiukas, commented “This drilling has been highly successful, having both confirmed targeted structures and intersecting extensive gold mineralisation.

”We can now move to the next phase, where we will test along the identified structures rather than the wider spaced drill lines.

“Our view is that Mt Dimer has considerable upside and the potential for multiple open pits, in addition to the known high-grade Lightning and Golden Slipper deposits.

“We are looking forward to the last batch of assays from the SAM survey targets and the assays for Golden Slipper.

View Attachment

#ASX Announcements
stale
Added 3 years ago

ACTIVITIES REPORT FOR THE QUARTER ENDING 31 MARCH 2021

KEY HIGHLIGHTS

  • Thirteen new targets identified via SAM survey at Mt Dimer1
  • Commencement (and subsequent completion post quarter end) of 5,000m Mt Dimer drill programme testing primary SAM survey targets and existing high-grade Lighting and Golden Slipper deposits2
  • High-grade assay results at Mt Dimer’s Lightning deposit released post quarter end, highlights include

    LTRC2101 16.0m @ 4.44g/t Au from 52m
    incl 1.0m @ 12.35g/t Au from 53m
    and 3.0m @ 15.35g/t Au from 61m
    incl 1.0m @ 36.20g/t Au from 62m
    LTRC2105 4.0m @ 4.39g/t Au from 116m
    incl 1.0m @ 14.98g/t Au from 117m

 

Managing Director, Brad Valiukas, commented “This has been our first full quarter as a listed company and we have had some great results at Mt Dimer both geologically and from assays.

“We have an active quarter lined up with assays due from Mt Dimer, drilling at Mt Palmer currently in progress and subsequent assays, mapping at Mt Palmer and follow up drilling at Mt Dimer.”

View Attachment

#ASX Announcements
stale
Added 3 years ago

RC DRILLING COMMENCED AT MT PALMER

FIRST AURUMIN DRILLING AROUND HISTORICAL HIGH-GRADE MINE

Aurumin Limited (ASX: AUN) ("Aurumin" or "the Company") is pleased to announce the commencement of Reverse Circulation (RC) Drilling at its 100% owned Mt Palmer Project, located approximately 40km east south-east of Southern Cross in Western Australia.

Mt Palmer is Aurumin's second project with a history of high-grade production, historically producing approximately 158,000 ounces of gold at 15.9g/t before ceasing commercial operations in 1944.

Twenty-nine holes, for 2,500m, of Reverse Circulation (RC) drilling are planned. Drilling will test for extensions north and south of the historical mine and test for extensions to specific lodes in and around the mine.

Managing Director, Brad Valiukas, commented "Mt Palmer is our second project, and produced more gold at a higher grade than Mt Dimer.

"This first programme will get us started on both testing remnants and extensions. We have done what we can from the historical records, and it is now time to start putting holes in the ground and generating new data.

View Attachment

#ASX Announcements
stale
Added 3 years ago

HIGH-GRADE RESULTS AT LIGHTNING DEPOSIT

FIRST ASSAYS FROM RECENT RC DRILLING AT MT DIMER

Aurumin Limited (ASX: AUN) (“Aurumin” or “the Company”) is pleased to announce high-grade assays have been received from Reverse Circulation (RC) drilling at its 100% owned Mt Dimer Project, located 120km north-east of Southern Cross in Western Australia. Mt Dimer is a historical high-grade production centre, having produced over 125,000 ounces of gold, including open pit and underground production of 600,000 tonnes @ 6.4 g/t. Drilling of the recent RC programme commenced at Lightning, before moving onto new targets from the 2020 SAM Survey. Highlights at Lightning include:

Lightning:

LTRC2101
16.0m @ 4.44g/t Au from 52m
incl 1.0m @ 12.35g/t Au from 53m
and 3.0m @ 15.35g/t Au from 61m
incl 1.0m @ 36.20g/t Au from 62m

LTRC2105
4.0m @ 4.39g/t Au from 116m
incl 1.0m @ 14.98g/t Au from 117m

Managing Director, Brad Valiukas, commented “Some great assays from Lightning, both filling in a gap in the existing data and chasing some lateral extension to the north. The assays highlight the high-grade nature of mineralisation at Mt Dimer.

The majority of assays from testing targets generated by the 2020 SAM (ground based Sub-Audio Magnetic) survey are expected to be finalised and released in the near term

View Attachment

#ASX Announcements
stale
Added 3 years ago

RC DRILLING COMPLETED AT MT DIMER MULTIPLE QUARTZ

INTERSECTIONS FROM TESTING OF SAM SURVEY TARGETS

Aurumin Limited (ASX: AUN) (“Aurumin” or “the Company”) is pleased to announce the completion of a Reverse Circulation (RC) Drilling programme at its 100% owned Mt Dimer Project, located 120km north-east of Southern Cross in Western Australia. Mt Dimer is a historical high-grade production centre, having produced over 125,000 ounces of gold, including open pit and underground production of 600,000 tonnes @ 6.4 g/t.

This completed RC drilling programme at Mt Dimer was 59 holes for a total of 5,009m. All initial samples have been dispatched to the assay laboratory, and assay results are expected to be received progressively from mid-April.

The principal focus of the drill programme was to test the primary targets generated by the 2020 SAM (ground-based Sub-Audio Magnetic) survey. The programme tested 8 of the 13 primary targets, plus one target bordering the SAM survey (51 holes for 4,154m). Other holes were drilled at Lightning and Golden Slipper (8 holes for 855m).

The completed RC drilling programme has produced multiple quartz intersections at approximate targeted positions. Quartz intersections are located within the granodiorite host rock, with varying amounts of dolerite and gabbro in line with historical open pits.

Managing Director, Brad Valiukas, commented “Our view is that Mt Dimer has considerable upside and the potential for multiple open pits, in addition to the known high-grade Lightning and Golden Slipper deposits.

“We are extremely pleased with what we see in the drilling. There are quartz bearing structures located where expected and assay results are pending.”

View Attachment