OzAurum Resources Unveils Major Gold Discovery at Australian Project

High-Grade Gold Discovery Expands OzAurum's Mulgabbie North Potential

OzAurum Resources (ASX: OZM) has announced significant high-grade gold results from its reverse circulation (RC) drilling program at the newly discovered Cross Fault target within its Mulgabbie North Gold Project. The latest findings confirm substantial gold mineralisation over a 400-metre strike length, significantly enhancing the project's potential. This discovery comes at a time when gold market analysis shows increasing interest in quality exploration assets.

Drilling Confirms Substantial Gold System in Fresh Rock

The recent RC drilling program has delivered impressive gold intersections that validate and expand upon previous air core (AC) drilling results. Key highlights from the eight-hole program include:

• 10m @ 1.80 g/t Au (from 127m) and 1m @ 3.91 g/t Au to end of hole within 35m @ 0.79 g/t Au (from 103m)
• 8m @ 1.81 g/t Au (from 68m) within 22m @ 0.84 g/t Au
• 7m @ 2.17 g/t Au (from 79m)
• 4m @ 2.70 g/t Au (from 18m)
• 1m @ 6.12 g/t Au (from 76m)

Notably, several drill holes ended in significant gold mineralisation, suggesting the system remains open at depth and will be targeted in future drilling campaigns.

Strategic Significance of the Cross Fault Discovery

The Cross Fault discovery is located approximately 1.3km south of the existing 260,000-ounce Mulgabbie North Gold Project mineral resource, substantially expanding the project's footprint. Both areas are situated along the prospective Relief Shear, a major structural feature hosting significant gold mineralisation.

"We continue to intersect significant gold mineralisation in fresh rock at the Cross Fault at Mulgabbie North with our RC drilling. The extension of this high-grade mineralisation into fresh rock, beyond the areas tested by previous air core drilling, significantly expands the potential scale of this discovery. The intersection of wide sulphide zones further bolsters our belief in the potential for a substantial gold system," said CEO and Managing Director, Andrew Pumphrey.

Geological Insights Enhance Understanding

Field mapping at the Cross Fault area has identified several key geological features that enhance the company's understanding of the gold system:

• Multiple fault structures, including an important north-south oriented fault and several northeast-trending faults that have offset geology and gold mineralisation
• Extensive quartz veining at surface, with veins striking north-south and dipping steeply to the east
• Gold mineralisation associated with quartz veining, pyrite, and arsenopyrite
• Sandstone appears to be the dominant host of high-grade gold mineralisation

The company notes that north-south striking faults are associated with large gold deposits at Carosue Dam and other significant gold deposits in Western Australia's Eastern Goldfields, highlighting the geological significance of these features at Mulgabbie North.

Understanding Sandstone-Hosted Gold Mineralisation

Sandstone-hosted gold deposits represent an important type of gold mineralisation, particularly in the Eastern Goldfields of Western Australia. Unlike the ductile, foliated conglomerate-hosted deposits that dominate other parts of the Mulgabbie North project, the sandstone-dominated Cross Fault area exhibits more brittle characteristics.

This brittle nature of sandstone makes it an excellent host for gold mineralisation, as it fractures rather than deforms when subjected to stress, creating pathways for gold-bearing fluids. The brittle fracturing allows for the development of extensive quartz veining with pyrite and arsenopyrite mineralisation, often resulting in higher gold grades.

Importantly, sandstones host large gold deposits currently being mined in the Carosue Dam basin, approximately 2km from Mulgabbie North, underscoring the potential significance of OzAurum Resources gold discovery. Furthermore, understanding the geology of ore deposits is crucial for evaluating the potential scale of such discoveries.

Aggressive Exploration Strategy Continues

OzAurum is maintaining momentum with an aggressive exploration strategy focused on expanding the Cross Fault discovery. The company has outlined several upcoming activities:

1. Planning for infill and extensional RC drilling at the Cross Fault target
2. A 2,500-metre AC drill program to the south to better understand the extensive faulting and outcropping quartz feldspar porphyry
3. Completed two diamond drill holes (220m) to understand structure and lithologies at Cross Fault
4. Additional drilling at the Golden Goose prospect, where hole MNORC 257 intersected 10m @ 0.90 g/t Au

"Our commitment to aggressively explore this exciting new area is unwavering. We are already planning the next phase of infill and extensional RC drilling, complemented by a significant 2,500-metre AC program to the south. This will allow us to better understand the structural controls and unlock further potential at the Cross Fault area," Pumphrey added.

The company's strategy combines RC drilling to indicate gold grade with diamond drilling to understand structure and lithology, providing a comprehensive understanding of the mineralised system.

Golden Goose Prospect Adds Additional Target

At the Golden Goose prospect, RC hole MNORC 257 has been reoriented 180 degrees, resulting in an intersection of 10m @ 0.90 g/t Au. This area represents another target within the broader Mulgabbie North project, providing OzAurum Resources with multiple avenues for potential resource growth.

Golden Goose features sandstone-hosted mineralisation originally identified by Saracen Minerals in 2013. The prospect adds to the expanding footprint of the OzAurum Resources gold discovery at Mulgabbie North.

Investment Perspective: Why OzAurum Deserves Attention

For investors, OzAurum presents an intriguing opportunity with several compelling factors:

1. Expanding Resource Base: The Cross Fault discovery adds significant potential to the existing 260,000-ounce resource at Mulgabbie North.

2. Strategic Location: Situated just 2.5km from Northern Star's Carosue Dam gold mine, the project benefits from proximity to established infrastructure.

3. Geological Understanding: The company is building a comprehensive geological model that enhances targeting and increases the probability of exploration success.

4. Multiple Targets: Beyond Cross Fault, the Golden Goose prospect offers additional exploration potential, creating multiple pathways to resource growth.

5. Experienced Management: CEO Andrew Pumphrey brings significant geological expertise and local knowledge to the exploration program.

The latest results from Cross Fault significantly boost the overall prospectivity of the Mulgabbie North Gold Project, with the company well-positioned to continue defining and expanding this promising new OzAurum Resources gold discovery. For those investing in mining stocks, OzAurum represents the type of opportunity that can deliver substantial returns when successful exploration leads to resource growth.

As OzAurum advances its exploration efforts, investors should closely monitor upcoming drill results and resource updates that could further enhance the project's value. In particular, those navigating junior mining investments should pay attention to how the company progresses with its porphyry and epithermal deposits exploration strategy in this highly prospective region.

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