Aurumin Limited (ASX: AUN) ('Aurumin' or the 'Company') is pleased to announce drilling at the Company's 100% owned Mt Palmer Project, targeting lithium bearing pegmatites, has been completed.
The Mt Palmer Project is located 40km southeast of Southern Cross, Western Australia.
Highlights
Four diamond holes targeting lithium bearing pegmatites have been completed at Mt Palmer, with a total of 994m drilled
Drill core logging is underway, and samples are being prepared for assay
Aurumin targeted drillholes on geochemical multielement anomalism, with lithium results up to 146ppm
and tantalum results up to 391ppm Drilling was completed as part of the previously announced EIS funding agreement 4, 5
Aurumin's Managing Director, Brad Valiukas, commented: 'Mt Palmer is prospective for lithium mineralisation and has been unfinished business for the Company since we announced results from orientation drilling in June last year. We are pleased to have completed drilling, and look forward to updating the market with the results.'
Contact:
Brad Valiukas
Tel: 61 (8) 6555 2950
Email: admin@aurumin.com.au
COMPETENT PERSON STATEMENT
The information in this announcement that relates to exploration results, data quality and geological interpretations for the Mt Palmer Project is based on information compiled by Shane Tomlinson, a Competent Person who is a Member of the Australian Institute of Geoscientists and a full-time employee of Aurumin Limited. Mr Tomlinson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Tomlinson consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. The information in this release that relates to exploration results, data quality, geological interpretations and mineral resources for the Mt Palmer Project were first released in the Company's announcements dated 3 June 21, 20 October 2021, 24 March 2022, 21 April 2022, 27 April 2022, 10 May 2022, 3 June 2022 and 21 June 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in the release and confirms that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.
ABOUT AURUMIN
Projects Aurumin Limited is an ASX-listed mineral exploration Company focused on two project areas in Western Australia. The Sandstone Gold Operations were cornerstone by the acquisition of the Central Sandstone Project by the Company in early 2022. The Sandstone Project comprises an 881,300 ounce gold mineral resource, significant project infrastructure and an expanding tenement footprint where the Company aims to support a gold mining operation in the future.2, 3 The Company's Johnson Range Project has a Mineral Resource of 64,700 ounces at a grade of 2.51g/t Au, located midway between Southern Cross and Sandstone.1 The Birrigrin Project area was added in late 2022 and is 70km north of the Central Sandstone Project. The Project has 39 mapped shafts dating to the early 1900s with recorded production grades up to 196g/t Au. In addition to the Sandstone Gold Operations, the Company has a significant landholding at its Southern Cross Operations, including two historical high-grade production centres, Mt Dimer and Mt Palmer. The Mt Dimer Project produced over 125,000 ounces of gold from open pit and underground production of approximately 600,000 tonnes @ 6.4 g/t, and has a substantial tenure footprint. The historical Mt Palmer Project produced via open pit and underground methods, generating approximately 158,000 ounces of gold at an average grade of 15.9 g/t. The Company is actively exploring its tenements and pursuing further acquisitions that complement its existing focus and create additional Shareholder value.
AURUMIN LIMITED 