What's Happening?
Aurum Resources has announced significant high-grade gold findings at its Boundiali Gold Project in Ivory Coast. The discoveries were made in the BMT3 area as part of an extensive drilling program. Notable results include 10.15 meters of gold grading 6.05 grams per ton, with sections reaching 13.88 grams per ton. The company has increased its drilling capacity to 12 rigs, aiming to complete 130,000 meters of drilling by 2025. Updated resource figures and a pre-feasibility study are expected in early 2026.
Why It's Important?
The discovery of high-grade gold at the Boundiali project could significantly impact Aurum Resources' valuation and strategic planning. It highlights the potential for increased gold production, which could influence global gold markets and investment
strategies. The findings also underscore the importance of continued exploration in resource-rich regions like Ivory Coast, potentially boosting local economies and creating job opportunities. The expansion of drilling operations reflects confidence in the project's long-term viability.
What's Next?
Aurum Resources plans to release updated gold resource figures and conduct a pre-feasibility study in early 2026. These steps will assess development options and guide future investment decisions. The company’s ongoing drilling efforts aim to further delineate the gold deposit, potentially leading to increased resource estimates. Stakeholders, including investors and local communities, will be closely monitoring these developments for their economic and employment implications.
