(NewsDirect)
OzAurum Resources Ltd(ASX:OZM) CEO Andrew Pumphrey tells Proactive the company has producedan initial mineral resource estimate (MRE) for the Mulgabbie NorthGold Project just two years after work began at the West Australiangold camp. The resource contains 11.6 million tonnes of material inthe measured, indicated and inferred categories at 0.70 g/t gold for260,000 ounces at a 0.3 g/t gold cut-off grade.
Pumphrey said:“OzAurum has made excellent progress at the Mulgabbie North Projectachieving this significant milestone for the company within the shortperiod of just two years since listing.
“This 260,000-ounce initial MRE with 64% ofthe contained ounces in the measured and indicated categories providesus with the solid basis to undertake further technical works on theMulgabbie North heap leach scoping study.
“I would like to take this opportunity tothank all hard-working OZM staff, the geological and miningconsultants involved, Geobase database consultants, ALS LaboratoriesKalgoorlie, the drillers and staff at Raglan DrillingKalgoorlie.
“The high standard ofwork that has been undertaken and maintained on all the variousaspects and levels of activities that have been used to estimate thisinitial MRE gives us great confidence to move forward with thisproject.”
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Proactive Investors
JonathanJackson
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Jonathan@proactiveinvestors.com
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