Aurum unlocks deeper gold 220m below existing West African resource
Brought to you by Bulls and Bears
Doug Bright
Recent analysis of seven diamond drill holes drilled into the BST1 target at Aurum Resources’ Boundiali gold project in Ivory Coast confirmed that gold mineralization extends to a vertical depth of 220 m below the existing mineral resource.
The company’s standout deep catch at this prospect yielded 29m gold at 1 gram per tonne (g/t) gold from 444m well depth; this includes the eyebrow-raising 1m at 18.14 g/t gold. Another hole yielded 8m at 3.38g/t gold from 279m and showed a dazzling performance at 22.80g/t gold at 1m.
Drilling confirmed beyond doubt that the BST1 system remains open and its strong depth persistence and attack potential.
Additionally, at the company’s BDT3 target, 19 kilometers north of BST1, a further 10 diamond holes were drilled at 100 to 200 m row spacing to test depth increases.
‘This confirms that the BST1 system remains open and has significant depth persistence in fresh rock.’
Dr Caigen Wang, managing director of Aurum Resources
Significant intercepts in this program were 7m at 1.23g/t gold from 352m, including 3.58m at 2.05g/t gold. The intercept explored 50 m deeper and vertically below the current lower boundary of the BDT3 source envelope.
In the second intervention in CIS3, 7.09 million gold was obtained at 1.09 grams/t gold from 291 meters; This includes 1.09 million 3.91 grams/t gold. The results support the company’s view that, like the BST1 target, the BDT3 mineralized system remains open at depth and potentially throughout the attack.
New results have emerged from Aurum’s ongoing 100,000m diamond drilling programme; This program aims to increase the amount of ounces and strengthen confidence ahead of the company’s next mineral resource update, targeted for the third quarter of 2026.
Dr Caigen Wang, managing director of Aurum Resources, said: “These new results continue to demonstrate that the Boundiali system has potential gold resources well in excess of our current Mineral Resources. We confirmed the depth (220 m below the current MRE) and strike extensions at BST1.”
Analysis results from drilling BDT3 and BST1 were received after the deadline for inclusion in Aurum’s latest Boundiali mineral resource estimate update. However, management says these will be included in the next update planned for Q3 CY2026.
With multiple resources, deposits and targets spread across a wide 75km mining corridor, Aurum now views Boundiali as a potential hub and spoke operation feeding a central processing plant from a pipeline of growing gold deposits. The concept will be evaluated as part of Aurum’s pre-feasibility study, which is planned to be conducted in the second quarter of 2026.
Aurum recently updated Boundiali’s resource to 99.7 million tonnes grading 1 g/t for 3.03 million gold ounces. The company highlighted the venture’s strong infrastructure, including grid electricity, roads and water, as well as three mining license applications that it expects to be awarded in Q3 CY2026.
Aurum’s total group resources in the West African country currently stand at 4.2 million ounces of gold, including the satellite 1.16 million ounce Napié project.
The company says it is well-financed, with $61 million in cash as of March 31, 2026, to keep 14 diamond drilling rigs running for meters.
With the next resource update planned for the third quarter and associated operating milestones accruing through 2026, Aurum looks set to keep drilling rolling and an exciting news flow, steadily building the Boundiali project into a major West African gold development story.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
