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The latest update is out from OzAurum Resources Ltd. ( (AU:OZM) ).
OzAurum Resources Ltd has announced a significant high-grade gold discovery at its Mulgabbie North Gold Project, with visible gold observed in a recent aircore intersection. The discovery includes an assay of 4m at 14.17 g/t gold from 16m depth. The company plans to commence rapid follow-up drilling to expand on this discovery, highlighting the potential value for shareholders and reinforcing the project’s potential. The presence of quartz veining and sandstone host rock, similar to other major deposits in the region, supports the prospects of further successful exploration.
More about OzAurum Resources Ltd.
OzAurum Resources Ltd is a company in the mining industry, primarily focusing on gold exploration and development. It operates in the Kalgoorlie region of Western Australia, with a particular emphasis on the Carosue Dam Basin, a well-known area for significant gold deposits.
YTD Price Performance: 100.0%
Average Trading Volume: 1,482,294
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$11.83M
For detailed information about OZM stock, go to TipRanks’ Stock Analysis page.
