Aurumin (ASX:AUN) poised to launch drilling program at Sandstone, WA


  • Aurumin (AUN) will commence a 5000-metre 44-hole drill program at its Sandstone project in Western Australia
  • AUN will drill nine open-pit targets identified from previous geochemical sampling conducted last year, which lie within three kilometres of Aurumin’s processing plant
  • With all permits in hand, drilling is anticipated to start in the first half of June
  • AUN shares are down 6.9 per cent, trading at 2.7 cents at 11:15 am AEST

Aurumin (AUN) is set to launch a 5000-metre, 44-hole drill program at its Sandstone project, located 520 kilometres northeast of Perth.

The project forms part of the company’s Sandstone Operations, and carries a total resource of 946,000 ounces of gold.

The company plans to drill nine open-pit targets focusing on its Two Mile West, Shillington Lower BIF, Hatton, Ridge North and West, Mt Klempt North and South, Nugget Patch 1 and Nugget Patch Intrusive targets.

AUN plans to drill all holes to a depth between 40 to 150 metres from targets identified via previous geochemical sampling conducted in 2022.

Aurumin’s Managing Director Brad Valiukas said the previous auger program demonstrated the prospectivity of the tenement package at Sandstone by identifying multiple new targets.

“This drilling program announced today is a direct follow on from that work, as we now seek to turn those targets into new deposits,” Mr Valiukas said.

“We continue with a clear focus on generating the critical mass for future production, and on the mining leases is a great place to add ounces.

With the completion of the capital raise, we now look forward to being back on the ground drilling, and other on-ground work will continue in parallel.”

All identified targets lie within three kilometres of Aurumin’s processing plant footprint, and with all permits confirmed, the company has begun drill site preparations.

Drilling is scheduled to start in the first half of June, with first-pass drilling assessments expected to be followed up rapidly on any indication of mineralisation.

The work will be conducted under a previously announced agreement with Top Drill.

AUN shares were down 6.90 per cent, trading at 2.7 cents at 11:15 am AEST.

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