Fast approvals open door for Aurum to explore West African tenement

Based on the rental agreement, Turaco Gold had the opportunity to receive a cash fee or a payment of $ 800,000 through a pack of Aurum shares – opted for the shares.

Aurum has now issued Turaco Oro with 3,492,535 Aurum shares at the price of 34.3 cents per share, using an average price of 20 days weighted for the volume on 1 April. The shares are evaluated at $ 1.2 million.

The purchase of BST TENGEMENT significantly extends the imprint of Aurum into its wider Lodiali project, in which the previous perforation has provided a assembly of strong gold results.

The historical test of Trapani has already fractured the first three interceptions at 20 m of essay of 10.45 g/t gold of 38 m, 30m to 8.30 g/t gold of 39m and 28m going to 4.04 g/t gold of 3 m, of which 6m at 3.29 g/t gold of 47 m.

The Bst Tengement embraces part of the highly perspective Greenstone belt that also houses the golden golden operation of Resolute Mining and the Golden Deposit Tabakoroni in Mali.

Numerous high quality deposits have been discovered on the extension of the Nyangbouern belt on the Costa d’Avoire, including gold operation for Perseus mining cracks and Bagé deposits, as well as the gigantic gold discovery of 4.9 million ounces in the south belt, where it merges with the Sentaufofo stone belt.

The previous owners have performed air core programs, reverse circulation and diamond holes on the BST soil, including the Joint Venture Discovery/predictive of Toro, resulting in a large set of exploration data of the golden geochimic in the ground.

Turaco Gold performed the most recent diamond and reverse circulation perforation program in 2022 on an 80 m grid for 40 m. The first three shots of the program were 15 m of dosage of 1.20 g/t 167 m, with 6 m that went in gold of 1.35 g/t 191 me another 10 but 1.10 g/t gold of 220 m; 6m with 2.60 g/t 134 me 4m for 8.34 g/t gold of 21 m, including 2 m of dosage of 16.36 g/t gold of 21 m.

A fourth hole provided a better interception of 2 but 13.57 g/t gold of 30 m.

The mineralization identified inside the BST soil occurs as discreet areas of higher grade gold – in some cases associated with the vein of the quartz with visible gold – enclosed in large lower level envelopes housed by a folded sedimentary package.

The sedimentary package includes alternating sandstones and scans with small intertwined conglomerates.

The alteration of extensive sulphide and carbonate occurs with higher level areas associated with structurally controlled quartz veins. The oxidized rock extends to about 50 m vertically and is soft and crumbly.

The detailed surface geochemistry identified three strong gold anomalies on over 6 km of Nyangboue strike, more than 2 km of strike in Nyangboue South and over 1.5 km of strike in Gbemou.

Most of the exploration perforation program focused on the 2 southern km of the nyangboue anomaly, where gold mineralization is associated with a moderately contact and north-north contact that affected the contact between conglomerate sediments to the west and SilTstones/Arenari in the east.

The visible gold and minor sulphides are identifiable in the thin quartz veins concentrated in the cutting area.

Aurum has delivered a Jorc resource of 360,000 Once d’orce at 1.0 g/t gold for the BST soil, which the company included in its estimate of the 1.59 million ounces of 1.59 million ounces, announced in December last year.

Of those 360,000 ounces, 130,000 ounces sit in the classification indicated while the remaining 220,000 ounces are deduced.

Aurum has now reached two large goals to Contioli South, which will allow the company to immediately restart the exploration activities at BST. It will begin with a perforation program in the next two weeks using two plants owned by the company to test the well -defined northern extension of the Nyangboue gold deposit.

The program is part of the perforation program of 100,000 m for the year of Aurum and is part of the company’s resources construction program through its 1.59 million ounces.

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